Install a metal roof on your home for a $500 tax credit
Smart homeowners are recognizing the many benefits of energy-efficient, eco-friendly metal roofing. In fact, metal roofing is now the second most popular re-roofing product in the U.S. The $500 tax credit was recently extended through the end of 2020 by the federal government. Homeowners who add “cool” metal roofs to their primary residence in 2020 are eligible for the $500 tax credit.
Today’s metal roofs are high-tech wonders featuring highly reflective coatings that provide year-round relief from high energy costs. The latest paint technologies allow even darker colored metal roofs to absorb less heat through the use of highly reflective pigments that reflect solar energy.
Ask for a copy of the Manufacturer Certification Statement for the product installed on your roof. This is a signed statement from the manufacturer certifying that the metal roof qualifies for the tax credit. You’ll need it when you file your taxes, along with IRS Form 5695.
You’ll find additional details in this post by The Metal Roofing Alliance. Of course, specific tax questions are best answered by your tax professional.
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