Energy Tax Credit

$500 tax credit for installing a metal roof on your home

mra-tax-bannerSmart homeowners are recognizing the many benefits of energy-efficient, eco-friendly metal roofing. In fact, metal roofing is now the second most popular re-roofing product in the U.S. The federal government recently added another reason to choose a durable, attractive metal roof to protect your home – a $500 tax credit. Homeowners who add “cool” metal roofs to their primary residence in 2016 are eligible for the $500 tax credit. In addition, savvy homeowners who chose a metal roof in 2015 can also take advantage of the tax break.

Today’s metal roofs are high-tech wonders featuring highly reflective coatings that provide year-round relief from high energy costs. The latest paint technologies allow even darker colored metal roofs to absorb less heat through the use of highly reflective pigments that reflect solar energy.

Ask for a copy of the Manufacturer Certification Statement for the product installed on your roof. This is a signed statement from the manufacturer certifying that the metal roof qualifies for the tax credit. You’ll need it when you file your taxes, along with IRS Form 5695.

You can find out more about the metal roofing tax credit here: Energy Star. Of course, specific tax questions are best answered by your tax professional.

(information courtesy of the Metal Roofing Alliance and Classic Metal Roofing Systems)