Get a Free Quote

Tax Time and Your Connecticut Metal Roof

Dec 19, 2018

Metal roofs have benefits regarding longevity, appearance, and durability. They may also help Connecticut Homeowners reap an even bigger reward – one you may not be aware of. Your new roof could save you money on your taxes. Roofing systems that aid in energy savings don’t only save you money on your monthly bills – they can also keep money in your pocket next spring.

Lawmakers have created various incentives in recent years to encourage remodels and appliance replacements that allow for smaller energy footprints. When many Hartford Homeowners take notice of such incentives, this can make a huge difference in energy use across the country. Here are two different types of tax savings you may be eligible for, depending on the kind of new roof you choose to install.

Energy Star Federal Tax Credit

This credit is for metal roofing with pigmented coatings or cooling granules specifically. It also applies to asphalt roofs with the same characteristics. However, the metal roof Energy Star will save you more on your monthly bills. Why not always reap the most rewards? This credit is for 10% of your roofing costs, minus labor. You can find out how much you could save with this tax credit by multiplying your total cost of materials by 0.1.

$500 Energy Tax Credit

Much like the Energy Star credit, this credit applies if you have installed a qualifying metal (or asphalt) roof that is heat-efficient. It can be achieved by filing an IRS Form 5695 to show the cost of materials, excluding the cost of installation. The IRS caps this at a $500 total deduction; the deduction was initially supposed to expire two tax seasons ago but was extended.

How to Take Advantage of Tax Credits

Across the board, it’s necessary to check your state’s tax exemptions for energy efficient remodeling. When you already have a new roof to love, saving at tax time is the icing on the cake. Savings may vary by state, or federally by the tax year. Be sure to research each tax incentive thoroughly. If tax savings are part of your goal with your remodel, let our expert team help you decide which roofing system is the most energy efficient to qualify.

If you know that you may be eligible for a tax credit for your new roof (or another energy-efficient remodel), be sure to ask your Hartford tax preparer for an IRS Form 5695. Enjoy your continued savings!

4.6 Rating
Based on over 16,558+ Reviews on bbb.org and guildquality.com
The installation team was a real pleasure dealing with. They were very polite, friendly and knowledgeable. They even took the time to make a cozy hang out in our yard with the fire ring and...
Dianne M.
Product: general
Great company. Good product and reasonable prices. Very professional. As a construction worker myself it's nice to see a contractor that is on the ball. I would definitely hire them again!
David B.
Product: general
The Sales reps were very informative and respected the fact that I had done significant research in advance. As such, I had to keep prompting them to skip the sales pitch and get to the...
Gary S.
Product: general
I'm most satisfied with the aesthetics of the overall job. The roof seems to be doing a great job, and I don't have any problems with my roof anymore.
Samantha P.
Product: general
Great company great experience. We love our roof and appreciate the salesman and install crews. We would defiantly recommend Erie to anyone.
Bob P.
Product: general
The Nation’s Leading Provider of Ultra-Durable, Attractive Metal Roofing
Decades of Experience
Erie Home has installed thousands of metal roofs on homes throughout the country since our founding in 1976. We’re proud to have maintained a sterling reputation for both the quality of our products and our installations.
Learn About Us
Limited Lifetime Warranty
Erie metal roofs are designed to last. Through decades of exposure to intense sun, hail, and strong winds, your new roof will continue to protect your home without needing frequent upkeep.
Register Your Warranty
Factory-Trained Installers
Every metal roofing project is completed by extensively experienced, factory-trained and -certified technicians. You can have peace of mind knowing that your project is in the most capable of hands.
Learn About Our Team
Our Locations
11900 Baltimore Ave Suite F, Beltsville, Maryland 20705
See All Locations
4.6 out of 16,558 Reviews
Call Now 1-800-612-6000 FREE Quote Chat Now Menu