ST. LOUIS, April 8, 2016 /PRNewswire/ -- Smart homeowners are recognizing the many benefits of energy-efficient, eco-friendly metal roofing. In fact, metal roofing is now the second most popular re-roofing product in the U.S. The federal government recently added another reason to choose a durable, attractive metal roof to protect your home – a $500 tax credit. Homeowners who add "cool" metal roofs to their primary residence in 2016 are eligible for the $500 tax credit. In addition, savvy homeowners who chose a metal roof in 2015 can also take advantage of the tax break.
Today's metal roofs are high-tech wonders featuring highly reflective coatings that provide year-round relief from high energy costs. Metal roofs also offer a variety of styles, including tiles, shakes, shingles or standing-seam panels to either make a statement or blend in with the neighborhood. The latest paint technologies allow even darker colored metal roofs to absorb less heat through the use of highly reflective pigments that reflect solar energy.
Wondering which metal roofs qualify for the tax credit? A good place to start is at the Metal Roofing Alliance website. All MRA manufacturer members are committed to selling only the highest quality "Investment Grade" metal roofs, and many have reflective coatings that meet the government standards. You can find a quality contractor in your area that can help you to choose the right roof for your home.
To be sure to choose a qualifying metal roof, ask your contractor to provide a copy of the Manufacturer Certification Statement for the product. This is a signed statement from the manufacturer certifying that the metal roof qualifies for the tax credit. You'll need it when you file your taxes, along with IRS Form 5695. Of course, specific tax questions are best answered by your tax professional.
"Consumers are making informed environmental choices for everything from the car they drive to the clothes they wear. The roof you choose should also be evaluated for its sustainability. This new tax credit makes the decision even easier," said Dick Bus, President of the Metal Roofing Alliance. "A metal roof is a long term solution that increases the value of your home while reducing its environmental impact and lowering energy bills."
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SOURCE Metal Roofing Alliance