FOR 2024 HAS BEEN EXTENDED
In order to continue supporting homeowners who invest in qualified energy-efficient metal roofs, the metal roof tax credit has been extended.
To qualify for the Metal Roof Tax Credit, homeowners must ensure to follow the proper steps and consult and contract with an expert contractor to assure that the metal roofing system selected meets the specific energy-efficiency requirements outlined by the IRS.
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WHAT ARE THE ENERGY TAX CREDITS FOR HOMEOWNERS
The Inflation Reduction Act provides for the extension and expansion of energy tax credits for the upgrading of homes to make them more energy efficient.
With the Inflation Reduction Act being officially law, homeowners can now save money on almost any home improvements they have made to increase their home's energy efficiency.
The bill's key objectives include addressing climate change and reducing global warming while saving money for American taxpayers who claim this tax credit.
ENERGY STAR ROOFING MATERIALS
Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).
The goal of Energy Star is to help consumers, businesses, and industries save money and protect the environment through energy-efficient products and practices.
When it comes to roofing materials, Energy Star-qualified roof products reflect more of the sun's rays, which can lower roof surface temperature by up to 50 degrees Fahrenheit.
This could result in less heat transfer into a building, reducing the amount of air conditioning needed in hot weather, leading to energy conservation and savings on cooling costs.
ENERGY STAR-CERTIFIED ROOFING SHINGLES AND ROOF TILES
Energy Star-certified roofing materials include certain types of roof shingles and roof tiles that have been specially designed to be highly reflective, even in dark colors.
Traditional dark-colored roofing materials absorb more heat, but Energy Star-certified options have a more reflective surface, reducing heat absorption.
These products are available in various types, including asphalt shingles, metal roofs, and tile roofing.
The type of roofing material that is best for a particular home depends on various factors, including the climate, the design of the home, and local building code requirements.
ENERGY STAR ASPHALT AND METAL ROOFS
Tax credits specifically for asphalt and metal roofing will typically fall under the umbrella of the federal energy efficiency tax credits if the roofing materials are Energy Star certified and designed to improve the energy efficiency of the home.
If your roof meets Energy Star standards, your roof will reflect more of the sun and reduce surface temperatures by up to 100 F.
Metal roofs with pigmented coatings and asphalt roofs with cooling granules will qualify for this. You can claim back 30% of the cost up to a maximum of $500.
ENERGY STAR QUALIFICATIONS
To be qualified as Energy Star, these roofing materials must meet specific standards for solar reflectance or their ability to reflect sunlight and heat away from a building.
These standards are based on the results of third-party testing and verification.
By choosing Energy Star-qualified roofing products, homeowners can reduce their home's cooling costs, improve the comfort of their home (especially during hot summer months), and may qualify for a federal tax credit.
This aligns with the government's initiative to promote energy efficiency and environmentally friendly practices in homes.
Remember, when purchasing new roofing materials, look for the Energy Star label to ensure they meet the standards for energy efficiency.
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