Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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"Is Tax Credit Available for New Roofs? Good news! A federal tax credit is available for new roofs that meet specific requirements. The tax credit is designed to encourage homeowners to make energy-efficient improvements, which is why not all new roofs will qualify. To meet the requirements for a federal tax credit, your roofing replacement has to be evaluated as an energy upgrade. How do you qualify? The eligible roof types are metal roofs with a pigmented coating and asphalt roofs with cooling granules. To qualify for tax credits, the pigmented coating on the metal roof also must meet the requirements of an Energy Star-certified product. How much is the credit? The Energy Star federal tax credit is worth up to 10% of the cost of the new roof, up to $500 (not including installation cost). While this doesn’t seem like much, it can still help you to reduce your tax burden. Along with giving you access to a federal tax credit, the cooling properties of Energy Star-certified roofing materials will also help you save money on your energy bill." From: Fixr.com | Tax Credit for a Roof Replacement 2024
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