Energy Efficiency Tax Credit
Homeowners Installing qualified roofs in 2009 and 2010 may be eligible for a tax credit worth up to 30% of the materials cost (not including installation), up to $1,500 per home.
Overview of tax credit
As part of the American Recovery and Reinvestment Act of 2009, homeowners who install a cool metal roof that meets Energy Star Requirements can claim a tax credit for 30% of the cost of materials, up to $1,500. The credit excludes any installation costs, and must be substantiated by a Manufacturer's Certification issued from the company that manufactured the roofing materials.
The roof needs to be placed in service between January 1, 2009 and December 31, 2010. The metal roof needs to meet Energy Star's Criteria for an energy efficient reflective roof as follows: Energy Star Specifications: Low Slope >0.65 >0.50 - Steep Slope >0.25 >0.15 - note: thermal emittance values must be reported as required by energy Star, but they are not a condition of certification.
Manufacturer's Certification Statement
A Manufacturer's Certification statement is a signed statement provided by the roofing manufacturer certifying that the product or component qualifies for the tax credit. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax return.
Consult a tax professional
This document is designed to offer a quick overview of the available tax credits, and homeowners should seek professional tax advice if they have further questions about what is eligible.
The proper IRS form to fill out to claim this credit is IRS Form 5965, and is available on the IRS web site at http://www.irs.gov .
An overview of Energy Star's Reflective Roof Products program, including a list of certified roof products is available at http://www.energystar.gov/index.cfm?c=roof_prods.pr_roof_products .
Not all roofs or colors will qualify for the credit, so it's important to research any purchase carefully.
Our Commitment to you:
Staying true to our 25 year history of dedicated customer service and quality products, we at White Industries desire to keep you up to date on all the changes in the metal fabrication industry.
If you have further questions on this credit, you can visit both the IRS web site and the Energy Star web site at http://www.energystar.gov/taxcredits .
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