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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.

Kristi D. Drefke
(202) 879-5432
51 LOUISIANA AVE NW
WASHINGTON, DC
Specialties
Banking, Mergers & Acquisitions, Energy
Education
University of Nebraska, Lincoln,University of Nebraska, Lincoln
State Licensing
DC

Michael E Cutler
(202) 662-5258
1201 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Energy, Corporate
Education
Stanford Law School,Vassar College
State Licensing
DC

Christopher P.B. Erckert
1301 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
Specialties
Financial Markets And Services, Investment Fraud, Energy, International Law, Mergers & Acquisitions
Education
Columbia University,Oglethorpe University
State Licensing
DC

Richard A Drom
901 NEW YORK AVE NW FL 3
WASHINGTON, DC
 
Stephen S Hill
(202) 383-6967
1299 Pennsylvania Avenue Nw
Washington, DC
Specialties
Litigation, Energy, Government
State Licensing
DC

Gerald P Towne
(202) 508-4000
701 Eighth Street NW
Washington, DC
Specialties
International Law, Energy, State, Local And Municipal Law, Tax
Education
University of Illinois College of Law,University of Illinois, Urbana-Champaign
State Licensing
DC

Christopher T Piczak
1001 PENNSYLVANIA AVE NW OFFICE BLDG
WASHINGTON, DC
 
Adrian L Steel Jr
(202) 263-3237
1090 K Street Northwest
Washington, DC
Specialties
Administrative Law, Transportation, Mergers & Acquisitions, Litigation, Energy
Education
University of Michigan Law School,University of Missouri, Columbia
State Licensing
DC

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

Renu K Gupta
(202) 756-3429
950 F ST NW
WASHINGTON, DC
Specialties
Litigation, Environmental, Land Use & Zoning, Energy, Project Finance
Education
Rice University,University of Houston
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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