Potential homebuyers and apartment renters can follow Marcus Hiles’ advice for significant savings on their air conditioning bills. He recommends that potential buyers and renters look for properties with newer air conditioning units that have a SEER rating of at least 16. Even though the requirement for new air conditioners is only 13 to 14, it is beneficial to go with a higher number. When comparing a 16+ unit with an older unit with a rating of 10 there are significant savings – up to 60 percent. Hiles’ property services company supplies its units with newer air conditioners that see savings of $424,000 every year. That means over $6 million saved in just five years. They also come with the added benefit of reducing carbon emissions by up to 327,000 tons over ten years.