2006 Energy Tax Credits for Metal Roofing Purchases
If you've been considering purchasing a metal roof, here's one more fantastic reason to get a jump on your project: From January 1, 2006, through December 31, 2007, the US Government will be following Congress' Energy Policy Act of 2005, rewarding consumers of quality metal roofs with tax credit savings up to $500.
Which Metal Roofs Qualify for the Tax Credit?
Learn how your savings in cooling costs can save you on your federal taxes!
The Energy Policy Act of 2005 allows for a tax credit for homeowners who install qualified energy-efficient improvements to an existing home. The policy, in the case of roofing, defines improvement as a metal roof with appropriate pigmented coatings which meet the Energy Star program requirements. As an Energy Star labeled metal roofing system has at least 65% solar reflectance for low-slope roofing and 25% solar reflectance for steep-slope roofing, many metal roofing manufacturers featured on this site qualify for the credit. The government-funded Tax Incentives Assistance Project (TIAP) has posted on their website the complete list of eligible measures for this tax credit which include "pigmented metal roofs."
What's more, a $500 tax credit is truly an extra $500 in your wallet. Tax credits are subtracted directly from "total tax liability," so a credit has a higher take-home value than a deduction. For example, if Dave is in the 28% tax bracket and wins a $500 credit on his new, energy-efficient metal roof, that's equal to a tax deduction of approximately $1785.50!
For detailed instructions on how to file for the Energy Tax Credit on your tax return, please click here.
Many of the MRA’s member contractors and manufacturers offer roofing that meet the Energy Policy Act's specifications. And, of course, the best way to decide on the correct roof for your home is to consult your local MRA Member Contractor.
To find a contractor in your area, please visit our Find-a-Contractor Form.
To compare member manufacturers, please visit our Member Manufacturers Page.
For more information on "reflective" and "emissive" metal roofs, view our on Energy Savings page.
More Information on the 2006 Energy Tax Incentive
For more information on pigmented metal roofs and the 2006 Tax Incentive Program, please visit the following industry websites:
The Metal Roofing Alliance is a consortium of metal roofing manufacturers, suppliers, distributors, and contractors with the main goal of educating consumers about the many benefits of metal roofing.
