Residential News Just In: Tax Credit Update
Recently, Congress extended the Energy Efficiency Tax Incentives for metal re-roofs installed in 2015 or completed in 2016. The tax credit covers 10% of the cost of materials installed, up to a maximum of $500 per home.
Program Highlights Include:
The Tax Credit Covers 10% Of The Cost Of Materials Installed, Up To A Maximum Of $500 Per Home. Labor Is Not Included.
The Tax Credit Only Applies To The Primary Residential Property.
For homeowners to receive the tax credit, they must take the following steps:
- Select a prepainted or coated Energy Star‐labeled metal roof with pigmented coating/paint film specifically designed to reduce heat gain. This includes all standard Fabral Enduracote colors – as they are all Energy Star approved.
- Have the Energy Star approved metal roof installed on their principal/primary residence between January 1, 2015 and December 31, 2016.
- Save the Fabral Tax Credit Certification Document for future tax filing – Fabral IRS tax credit certificate ’15 and ’16
- Complete the IRS Form 5695 Residential Energy Credits when filing taxes.
For additional information, homeowners should contact their roofing contractor or tax adviser.