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Tax Credit Consulting: Energy Efficient Air Conditioners Winston Salem NC

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.

Stephan J. Willen
(704) 377-8382
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Corporate, Banking, Mergers & Acquisitions, Energy, Venture Capital
Education
Duke University School of Law,University of Michigan
State Licensing
North Carolina

Robert S. Lilien
(704) 377-8378
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Corporate, Mergers & Acquisitions, Energy, Real Estate, Tax
Education
University of North Carolina School of Law,Duke University
State Licensing
North Carolina

Stuart H. Johnson
(704) 377-8371
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Mergers & Acquisitions, Venture Capital, Corporate, Energy
Education
University of North Carolina School of Law,Boston University,Boston University,Carleton College
State Licensing
North Carolina

James Y. Kerr II
(919) 755-6688
4325 Mail Service Center
Raleigh, NC
 
Jeffrey A. Henson
(704) 377-8342
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Banking, Energy, Corporate
Education
Duke University School of Law,United States Naval Academy
State Licensing
North Carolina

Daniel C. Higgins
(919) 782-1441
PO BOX 10867
RALEIGH, NC
Specialties
Energy, Telecommunications, Business, Construction, Litigation
Education
College of William and Mary, Marshall-Wythe School of Law
State Licensing
North Carolina

Robert S. Mclean
(704) 377-8363
101 N TRYON ST STE 1900
CHARLOTTE, NC
Specialties
Financial Markets And Services, Venture Capital, Mergers & Acquisitions, Corporate, Energy
Education
University of North Carolina School of Law,Davidson College,University of North Carolina
State Licensing
North Carolina

Joseph A. Fernandez
100 N TRYON ST BANK OF AMERICA
CHARLOTTE, NC
Specialties
Energy, Mergers & Acquisitions, Business
Education
Wake Forest University School of Law,University of North Carolina, Chapel Hill
State Licensing
North Carolina

Robert F. Page
(919) 791-0009
4010 BARRETT DR STE 205
RALEIGH, NC
Specialties
Energy, Telecommunications, Corporate, Administrative Law
Education
Duke University School of Law,Duke University
State Licensing
North Carolina

Gardner Marshall Payne
(919) 836-4005
TWO HANNOVER SQ., 434 FAYETTEVILLE ST STE 2140
RALEIGH, NC
 

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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