Energy Tax Credit Incentives for Metal Roofing

In December 2010 Congress extended the Energy Efficiency Tax Incentives for Appliances, New Homes and Retrofits to Existing Homes for 2011 with some modifications to eligibility requirements, and reductions in the cap to $500 per home, and 10% of installed cost for qualifying equipment. (Source The Tax Incentives Assistance Project)

The 2009 Stimulus Package provides substantial tax credits to homeowners who make energy efficient updates to their home. One of the best ways to qualify for the credit is installation of a painted or coated Energy Star® labeled metal roof. Homeowners installing qualified roofs in 2009 and 2010 may be eligible for a tax credit worth up to 30% of the materials cost (materials only) up to $1,500 per home.

Cool metal roofing not only looks great and lasts for decades, it has been shown to save up to 40% on energy costs, depending on your regional climate.

FOR HOMEOWNERS:

How to receive the tax credit:

  1. Find a Contractor near you to discuss a new metal roof for your home.
  2. Confirm that the metal roof you select is a painted or coated Energy Star-labeled metal roof and obtain certification from your contractor or the manufacturer.
  3. Have the metal roof installed between January 1, 2009 and December 31, 2011.
  4. Fill out IRS Form 5695 Residential Energy Credits when filing your taxes for 2009, 2010, or 2011.

FOR CONTRACTORS AND MANUFACTURERS:

For more information on what qualifies for the Tax Credit go to the Energy Star web page on qualified metal roofs or review the IRS guidance on qualifying energy-efficient property.

For more information click on the links below: