With tax season upon us, millions of homeowners are reaping the benefits of tax credits as they take advantage of ENERGY STAR savings. ENERGY STAR is a U.S. government program designed to encourage energy savings among homeowners and businesses to help reduce our overall environmental footprint. At J&J Roofing in Roseville, we know firsthand how crucial high-performance roofs can be when it comes to reducing your home’s energy footprint.
If you’ve been thinking about replacing your roof, there may be tax credits available for you to help mitigate the cost. After checking out the info below, give us a call to find out about financing a new roof for your Macomb County home!
Your Biggest Investment
For many homeowners, their home is one of the biggest, most important investments they’ll ever make. A home is more than just financial savings and a long-term financial return on investment. It also represents security, stability, and a place to come home to.
When you make investments in your home, you’re also making investments in your future and your quality of life. And few investments are more important than taking important steps to protect the environment for tomorrow and for future generations.
The ENERGY STAR Program
If you’re not familiar with ENERGY STAR, it’s a government program developed by the Environmental Protection Agency and Department of Energy. The goal of ENERGY STAR is to help business owners and homeowners make healthy choices to protect the environment and save money at the same time.
Over the past 30 years, ENERGY STAR has saved 3.5 metric tons of greenhouse gas emissions and saved consumers about $35 billion in energy savings. One of the ways ENERGY STAR accomplishes this is through a residential tax credit to help consumers pay for energy-efficient home upgrades.
Here are a few more benefits of installing an ENERGY STAR roof:
● Reduce the workload on your HVAC system.
● Realize substantial energy savings.
● Reduce your dependence on the local energy grid.
● Invest in your home’s resale value.
Qualifying for ENERGY STAR Credits
The best way to find out what qualifies for ENERGY STAR tax credits is to speak with your accountant or tax advisor. However, according to the ENERGY STAR website, homeowners can qualify by replacing their roof with a certified ENERGY STAR product. This tax credit only applies to a homeowner’s primary roof and covers up to 10 percent of residential roofing materials or $500 (labor is excluded).
Follow this guide to determine if a residential roofing shingle qualifies for a tax credit:
● Steep Slopes: For a slope of greater than 2:12, initial solar reflectance of 0.25 or greater and three-year aged solar reflectance of 0.15 or greater.
● Low Slopes: For a slope of 2:12 or less, initial solar reflectance of 0.65 or greater and three-year aged solar reflectance of 0.50 or greater.
Are you interested in ENERGY STAR products for your roof? Call J&J Roofing to schedule your safe, helpful online consultation or find out about options at 586-445-6455 or contact us online to speak with a residential roofing contractor. We look forward to helping you take advantage of future energy savings!