Does Your Roof Qualify for a Federal Energy Tax Credit?
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Homeowners may qualify for a Federal Tax Credit for installing CertainTeed ENERGY STAR® qualified roofing products.
Summary of Tax Credit
Under the Bipartisan Budget Act of 2018 which was signed in February 2018, a number of tax credits for residential energy efficiency that had expired at the end of 2016 were renewed. Tax credits for non-business energy property are now available for products installed on the taxpayer's primary residence in the U.S. prior to January 1, 2020.
To qualify for the credit, the qualified roofing product must have been purchased and placed into service during the applicable tax year on an existing home (not new construction), which was your primary residence, and which you owned. The home must also be located in the United States.
You may claim a tax credit of 10% of cost of the qualified roofing product. However, your total credit cannot exceed the lifetime limit of $500 for all tax years after 2005. The cost of installation is not included in the tax credit calculation. To receive this tax credit you must complete and submit IRS form 5695 (Residential Energy Credits) with your Federal Tax Return. You can rely on CertainTeed's Manufacturer's Certification Statement for verification that a product qualifies for the tax credit.
Manufacturer's Certification Statement
The manufacturer's Certification Statement is a signed document furnished by the Manufacturer attesting that a product qualifies for the tax credit. The homeowner should retain a copy of this document for his or her tax records but need not submit it with the federal tax return. Â
ENERGY STAR® Roofing Product Program Requirements
Low Sloped Roofs (surfaces with a slope of 2:12 or less):Â Initial solar reflectance greater than or equal to 0.65 and three-year aged solar reflectance greater than or equal to 0.50.
Steep Sloped Roofs (surfaces with a slope greater than 2:12): Initial solar reflectance greater or equal to 0.25 and three-year aged solar reflectance greater than or equal to 0.15.
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