2006 Energy Tax Credits for Metal Roofing Purchases

If you've been considering purchasing a metal roof, here's one more fantastic reason to get a jump on your project:
From January 1, 2006, through December 31, 2007, the US Government will be following Congress' Energy Policy Act of 2005, rewarding consumers of quality metal roofs with tax credit savings up to $500.

Which Metal Roofs Qualify for the Tax Credit?
The Energy Federal taxes Policy Act of 2005 allows for a tax credit for homeowners who install qualified energy-efficient improvements to an existing home. The policy, in the case of roofing, defines improvement as a metal roof with appropriate pigmented coatings which meet the Energy Star program requirements. An Energy Star labeled metal roofing system has at least 65% solar reflectance for low-slope roofing and 25% solar reflectance for steep-slope roofing. The government-funded Tax Incentives Assistance Project (TIAP) has posted on their website the complete list of eligible measures for
this tax credit which include "pigmented metal roofs."

What's more, a $500 tax credit is truly an extra $500 in your wallet. Tax credits are subtracted directly from "total tax liability," so a credit has a higher take-home value than a deduction. For example, if Dave is in the 28% tax bracket and wins a $500 credit on his new, energy-efficient metal roof, that's equal to a tax deduction of approximately $1785.50!

Many of the MRA’s member contractors and manufacturers offer roofing that meet the Energy Policy Act's specifications. The best way to decide on the correct roof for your home is to consult your local MRA Member Contractor.

More Information on the 2006 Energy Tax Incentive
For more information on pigmented metal roofs and the 2006 Tax Incentive Program, please visit the following industry websites:
The Tax Incentives Assistance Project - www.EnergyTaxIncentives.org
The Cool Metal Roofing Coalition – www.CoolMetalRoofing.com
Energy Star’s Metal Roof Qualifications - www.EnergyStar.gov