tax credit: "With this tax credit the home owner Knows how much ..." - Guest User (2/24/2009) | General Discussion | Archive

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With this tax credit the home owner Knows how much the materials cost? Is this true? We prefer not to disclose this information	Guest User 2/24/2009	Share Or copy this URL: https://www.metalroofing.com/spirit/comment/12815/find/
Yes. Essentially the tax credit is only on the cost of the materials before tax. So basically the customer would have to know this in order to file for the tax credit.	Nate Libbey 2/25/2009	Share Or copy this URL: https://www.metalroofing.com/spirit/comment/12816/find/
Is the tax credit based on a percentage of the materials? And does materials mean just the metal for the roof, or does that include the cleats, screws, underlayment, etc.?	Guest User 2/25/2009	Share Or copy this URL: https://www.metalroofing.com/spirit/comment/12817/find/
I have a question relating to the new updated $1500 tax credit. I have been told this increased from $500, but that it only relates to materials and not install costs. I also read that it's not straight $1500, but 30% of materials with a max of $1500. Is this correct.	Guest User 2/25/2009	Share Or copy this URL: https://www.metalroofing.com/spirit/comment/12818/find/
Cindy, The tax credit is based on a percentage of the materials. It is talking about the roof system, so all the materials including trim etc would apply. Roland, The increase from $500 to $1500 was what changed in the new stimulus package. It is only for the material costs. It is 30% up to a $1500 max as you mentioned. Another great resource is: http://www.energystar.gov/index.cfm?c=products.pr_tax_credits And: http://www.energytaxincentives.org/general/legislative.php (copy and paste the links into your browser top navigation)	Nate Libbey 2/25/2009	Share Or copy this URL: https://www.metalroofing.com/spirit/comment/12819/find/
Thanks Nate.	Todd Miller Isaiah Industries, Inc. 2/25/2009	Share Or copy this URL: https://www.metalroofing.com/spirit/comment/12820/find/