Tax Credits Extended For Cool Metal Roofs In 2017
Contact: Darcie Meihoff, Metal Roofing Alliance (MRA), [email protected] or 971-998-3782
FOR IMMEDIATE RELEASE
March 05, 2018
Homeowners still have time to take advantage of energy efficiency savings
PORTLAND, Ore. — Residential homeowners can take advantage of tax credits available for installing “cool roofs” that were set to expire in 2016 but have been renewed and are now available retroactively for qualified improvements made through Dec. 31, 2017.
The tax credit includes ENERGY STAR qualified metal roofs and other types of certified “cool roofs” that are designed to reflect the sun’s rays and help lower roof temperatures by as much as 50 percent. The tax credit amount limit for 2017 is 10 percent of the roof’s cost up to $500, not including installation costs.
Cool metal roofs can include unpainted, pre-painted and granular-coated metal. Basic, unpainted metal roofs will reflect more solar radiation than asphalt, which typically absorbs and holds heat. For homes in warmer climates, pre-painted or granular coated metal roofing not only reflect solar energy but also keep homes cool by re-emitting most of what solar radiation is absorbed. While light colored roofs naturally reflect and absorb less heat, metal roofs with oven-cured, pre-painted organic coatings that incorporate “cool pigment” technology offer high total solar reflectance and high infrared emittance, even for darker colors.
“A highly reflective and highly emissive painted or granular-coated metal roof can re-emit up to 90 percent of absorbed solar radiation. That’s optimal for reducing energy consumption,” said Renee Ramey, executive director of the Metal Roofing Alliance. “For homeowners who have installed cool metal roofs, not only will they benefit by reducing their long-term energy costs, there’s still time to take advantage of the tax credit extension to save even more money.”
Increasing the durability of homes throughout the country is no joke. With last year's devastating storms and wildfires still top of mind for many homeowners and forecasts calling for greater climate extremes, spring is the season when homeowners begin to think about major projects such as reroofing. Metal roofing offers serious protection that other materials simply can't match. That's led to a significant jump in metal roofing popularity, growing to 14 percent of the overall U.S. reroofing market in just a few short years. Yet beyond practicality, appearance and styles that enhance a home's architecture also remain paramount.
For more information about tax credits that may be available for cool metal roofing and requirements, visit https://www.energystar.gov/products/building_products/roof_products.
About Metal Roofing Alliance (MRA)
Representing metal roofing manufacturers in the United States and Canada, the Metal Roofing Alliance (MRA) was formed in 1998 to help educate consumers about the many benefits of metal roofs. The main objective of MRA is to increase awareness of the beauty, durability and money-saving advantages of quality metal roofs among homeowners, as well as to provide support for metal roofing businesses and contractors. For more information, visit MRA.
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