In December 2010 Congress extended the Energy Efficiency Tax Incentives for Appliances, New Homes and Retrofits to Existing Homes for 2011 with some modifications to eligibility requirements. The tax credit covers 10% of the cost of materials installed, up to a maximum of $500 per home.
Energy Star®
All ENERGY STAR® labeled pre-painted metal roofs can qualify for the $500 tax credit.
- The roof must be expected to last 5 years or have a 2 year warranty
- Installation costs are not included
- Manufacturer’s Certification Statement is required
- For tax purposes, receipts should be saved along with the Manufacturer’s Certification Statement
- The IRS encourages manufacturers to provide these Certifications on their website to facilitate identification of qualified products
- Homeowner does not have to submit a copy with tax returns
If you are interested in learning about new residential construction incentives and rebates, please view the information about RESNET and the website listed below.
RESNET
Residential Energy Services Network – www.natresnet.org
- Founded in 1995 by National Association of State Energy Officials and Energy Rated Homes of America
- Developed a home energy rating system using certified raters – Home Energy Rating Service (HERS)
- Maintain national standards for home energy ratings
- Work with the mortgage industry – Residential energy efficiency financing products
- Educate the public and housing industry
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