Tuesday, June 16, 2009

Stimulus Tax Credit Bulletin #3 – Stay Cool. Stay Warm. Stay Green. 2009 Tax credit when you install energy efficient roof.

In order to get tax rebate on your new roof, make sure you purchase any energy star qualified metal or asphalt roofing.  Additional information on energy efficient star roofing products can be found at Energy Star.

There are pros and cons between metal versus asphalt roofing.  You’ll have to consider lifetime roof durability, cost, protection from the elements and fire resistance.

Here’s what is available: tax credit for 30% of the cost of energy-efficient metal or asphalt roofing, up to a life time cap of $1500. This credit is available for 2009 and 2010.

NOTE:  The tax credits you earn on all the energy efficient home improvement items such as central air, water heaters, furnaces and hot water boilers, windows, doors, roofing and installation, are cumulative, and capped at $1500. 

Be aware: this tax credit applies to primary residence only. 

Need an expert for your roof? Hire it Done with Adam Helfman at www.hireitdone.com

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