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Tax Credit Consulting: Energy Efficient Air Conditioners Washington DC

The government often tries to influence our behavior through taxes. The tax credit for new installation of air conditioning systems that are energy efficient is one example.

Virginia Brunelli Balestrieri
401 9TH ST NW STE 1000
WASHINGTON, DC
Specialties
Transportation, Energy, Project Finance, Antitrust
Education
Duke University
State Licensing
DC

Natasha N. Gianvecchio
(202) 637-2200
555 11TH ST NW STE 1000
WASHINGTON, DC
Specialties
Financial Markets And Services, Energy, Project Finance
Education
University of Chicago,Yale University
State Licensing
DC

Sharon L Tasman
(202) 637-6867
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Intellectual Property, Life Science & Biotech, Education, Energy
Education
University of Maryland School of Law,University of Maryland, College Park
State Licensing
DC, Maryland, Virginia

Noah B Monick
1201 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Insurance, Litigation, Energy
Education
Harvard University Law School,University of Maryland, College Park
State Licensing
DC

John P Rupp
-020706720
1201 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Government, Antitrust, Fraud, International Law, Energy
Education
Yale Law School,Harvard University,University of Iowa
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DC

Richard A Drom
901 NEW YORK AVE NW FL 3
WASHINGTON, DC
 
Adam J White
(202) 639-7917
1299 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Energy, Transportation, Appeals, Litigation
Education
Harvard University Law School,Harvard University Law School
State Licensing
DC

Marwan M Amr
(202) 662-0246
801 PENNSYLVANIA AVE NW
WASHINGTON, DC
Specialties
Project Finance, Energy, Equipment Finance, Corporate, Banking
Education
University of Victoria Law School,American University,Temple University
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DC

Kenneth B Weiner
(202) 585-8246
701 Eighth Street NW
Washington, DC
Specialties
Construction, Energy, Environmental, Project Finance
Education
New York Law School,Case Western Reserve University
State Licensing
DC

David Y Chung
(202) 662-0338
801 PENNSYLVANIA AVE NW
WASHINGTON, DC
Specialties
Litigation, Energy, Arbitration, Lawsuits & Disputes
Education
George Washington University National Law Center,University of Texas System, Austin
State Licensing
DC

Tax Credit Consulting: Energy Efficient Air Conditioners

Tax Credit for New Installation of Air Conditioning

The government often tries to influence our behavior through taxes. The tax credit for new installation of air conditioning systems that are energy efficient is one example.

As part of the provisions in the Energy Policy Act 2005, homeowners are entitled to claim tax credits on use of a few energy saving items. They include installation of energy saving windows, doors, roofing, furnace and boiler, water heater and air conditioner. As energy becomes scarcer by the day, it is essential to conserve as much energy as possible. The government, by way of giving tax credits, also encourages using alternate sources of energy.

New installation of energy efficient air conditioning systems is one of the items that qualify for tax credit. Individuals who install this type of air conditioner are eligible for a tax credit of up to $300. The models that qualify are obviously costlier than the ordinary ones. However, this calculation would show that it is advisable to install a new energy saving air conditioner. Even if you save just $10 a month on average by way of electricity bills it comes to $120 for a year. Add to that the tax credit of $300, your net saving is $420. This amount should be good enough to prod a homeowner into buying an energy efficient air-conditioner.

Of course, not all air conditioners are eligible for a tax credit. Even, not all Energy Star air conditioners qualify, only some do. Very efficient central air conditioners qualify for the tax credit if they meet the following criteria:

• The Energy Efficiency Ratio has to be 13.0 or higher (in some states its 12.5).
• Certified technician needs to install the equipment.
• The Seasonal Energy Efficiency Ratio (SEER) has to be 15.

SEER measures performance throughout the season and EER measures performance on a very hot day. Central Air conditioning systems must meet the standards set by the Consortium of Energy Efficiency (CEE). The specificat...

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