Roofing Tax Credit
By Dymon BradyDid you know it is possible to earn money back on your roof if it is installed with a certified energy star product? A tax incentive is offered to those investing in cool roofing products. Generally, you can earn back 10% of your costs, labor not included. The refund has a maximum amount of $500.Not only will you receive 10% of your purchased cost back, but you also will be saving money long term. Energy efficient roofing products reduce the temperature of your roof, which in turn reduces the temperature of your home below, resulting in lower energy costs.Some homeowners may be concerned that a cool roof will raise heating costs in the winter. This can be true, but these costs are greatly outweighed by the savings obtained throughout the summer months. In the winter, the sun is lower in the sky, it is often overcast, and most roofs are covered with snow, preventing heat loss. Talk to your contractor if you are concerned a reflective roof will raise heating costs in your home.If you want to know if you qualify for this tax credit, or if you are interested in qualifying for it next year, we can help you know if this credit is for you. The qualifications are:
- Must be a residential roof.
- Must be metal or asphalt.
- The original use must begin with you.
- Must reasonably be expected to last 5 years or more.
Brady Roofing offers two cool shingle series in a variety of colors. We are also willing to install hand selected products and materials. The following Brady Roofing products qualify for the tax credit:
Once you are confident you qualify for the tax credit, fill out form 5695 with your tax returns to receive the credit. Before you begin, make sure you have your receipts (indicating the cost of material without labor) and obtain a copy of the manufacturers certification to be sure the product qualifies for this credit.Read over our Cool Roofing Materials article for more information, or contact us for a free estimate and consultation today.