New-roof Tax Credit of $1,500 About to Expire

Have you ignored cracked, curled, or missing asphalt shingles? Winter is almost upon us in some regions and that is another reason to replace a shabby roof.

You could save 30 percent off the cost of the materials—up to $1,500—in federal tax credits if you do it before December 31, 2010.

The tax credit is limited to an Energy Star-qualified roof.

Qualified roof products reflect more of the sun’s rays, which can lower roof surface temperature by up to 100F, decreasing the amount of heat transferred into your home. This can help you save 10 to 15 percent off your air-conditioning bill come next summer.

The list of qualified roofing products has been dominated by metal roofs (not a bad option now), but the tax credit applies to some types of asphalt shingles as well.

Additional tax credits may apply depending upon your locality. Check our Tax Credits & Subsidies article for more information.

1. 

   Michael @ TrinityX says:

   November 2, 2010 at 6:01 pm

   Many of the asphalt shingles that qualify for the energy star tax credit are simply white or white’ish in color, and don’t cost any more than their non-reflective counterparts (as long as you can live with a white roof) but still qualify.

   - Certainteed: Landmark 30 and Traditional 20/25/30 [Star White]
   - GAF: Royal Sovereign, Sentinel, Prestique 30/40/Lifetime [White]
   - Owen’s Corning: Duration, Oakridge, Classic [Shasta White]

   Coupled with the $1500 tax credit, the above shingles make for an incredible deal.

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2. 

   Lukasz Sobczuk says:

   November 5, 2010 at 3:59 pm

   We’ve seen a lot of homeowners choose to replace their worn-down roofs specifically to take advantage of this tax credit. Shingle has been the most popular choice, obviously but we’ve also installed much more metal roofs than last year, so the trend is definitely up.

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3. 

   Hillsboro roof cleaning says:

   April 12, 2011 at 3:53 pm

   Qualified roof products reflect more of the sun’s rays, which can lower roof surface temperature by up to 100F, decreasing the amount of heat transferred into your home. This can help you save 10 to 15 percent off your air-conditioning bill come next summer.

   reply
4. 

   Bobby Shoemaker says:

   June 22, 2012 at 3:56 pm

   This information may prove to be the only way that some consumers can afford to purchase a badly needed roof.

   reply