What Roofs Are Entitled to Energy Tax Credit

What Roofs Are Entitled To Energy Tax Credit?

DOES THE ROOF QUALIFY FOR A FEDERAL ENERGY TAX CREDIT?

Homeowners may be eligible for a Federal Tax Credit for putting in Our ENERGY STAR® qualified roof covering products.

Breakdown of Tax Credit

Under the Bipartisan Budget Act of 2018 that was signed in February 2018, several tax credits for home energy efficiency that expired at the end of 2016 have been renewed. Tax credits for nonbusiness energy houses are accessible for products attached to the taxpayer’s major home from the U.S. ahead of January 1, 2020. To be eligible for a credit, the qualified roof covering product or service will need to have been purchased and placed into service in the applicable tax year on a present property (not a new building) that was your primary home and you possessed. The property also needs to be located in America. You might claim a tax credit of ten percent of the cost of the qualified roof covering product or service. Nonetheless, your full credit cannot surpass the lifetime limit of $500 for those tax years after 2005. The expense of set up will not be within the tax credit computation. To acquire this tax credit, you must complete and send IRS form 5695 (Residential Energy Credits) with the Federal Tax Return. You can rely on Our Certification Statement for verification a product or service qualifies for the tax credit.

Manufacturer’s Certification Statement

The manufacturer’s Certification Statement is a signed document furnished through the Manufacturer attesting a product or service qualifies for the tax credit. The property owner should preserve a duplicate on this record for their tax records but need not send it with the federal tax return. 

ENERGY STAR® Roof Product Program Requirements

Low Sloped Roofs (surfaces using a slope of 2:12 or a lot less): Initial solar reflectance higher than or equal to .65 and three-year aged solar reflectance higher than or equal to .50.

Steep Sloped Roofs (surfaces using a slope higher than 2:12): Initial solar reflectance higher or equal to .25 and three-year aged solar reflectance higher than or equal to .15. 

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