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.
Not only is metal roof eligible for a tax credit, but can also save up to 40% on energy costs, depending upon your regional climate.
For Homeowners: Confirm that the metal roof you select is a prepainted or coated Energy Star-labeled metal roof with pigmented coating/paint film specifically designed to reduce heat gain, and obtain certification from your contractor or the manufacturer.
Have the metal roof installed on your principal residence between January 1, 2009 and December 31, 2010 – there’s still time.
Fill out the IRS Form 5695 Residential Energy Credits when filing your taxes for 2010.