Metal Roofing Tax Credit — Get It While You Can!
Under the Federal Energy Policy Act of 2005, energy efficient metal roofs installed over the last couple of years have been eligible for a tax credit, usually of $500. All of our products with hI-R paint systems are eligible for this credit due to their reflection of radiant heat which reduces air conditioning costs.
Currently, there is no approved plan in place for this tax credit to be continued beyond the end of 2007.
So, herein is an opportunity. If you are anticipating a metal roof purchase in 2008, it may make sense for you to bump that purchase up and buy the roof in 2007, making you eligible for the $500 tax credit on your 2007 tax return.
Roofing that will save you energy dollars and make you eligible for a nice tax credit? What could be better than that?