Smart 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. What could be better? In essence, you can save money by saving money!
Today’s metal roofs are high-tech wonders that feature highly reflective coatings that provide year-round relief from high energy costs. Metal roofs also offer a variety of styles, including tiles, shakes, shingles or standing-seam panels to either make a statement or blend in with the neighborhood. 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.
Wondering which metal roofs qualify? A good place to start is at the Metal Roofing Alliance website (www.MetalRoofing.com). All of our manufacturer members are committed to selling only the highest quality “Investment Grade” metal roofs, and many have reflective coatings that meet the government standards. You can find a quality contractor in your area that can help you to choose the right roof for your home.
To be sure to choose a qualifying metal roof, ask your contractor to provide a copy of the Manufacturer Certification Statement for the product. 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.
p.s. – if you installed a qualifying metal roof in 2015, you can also take advantage of the tax credit. Check with your tax professional.