Can I Qualify for Energy Credits for a New Roof Install?

Can I Qualify for Energy Credits for a New Roof Install?

Introduction

When considering a new roof installation, homeowners often look for ways to offset the cost. One of the best opportunities to save money is through energy tax credits. If you’re wondering, Can I qualify for energy credits for a new roof install?—the answer depends on the type of roofing materials you use and compliance with government energy efficiency programs.

At S&K Construction And Remodeling LLC, we specialize in high-quality, energy-efficient roofing solutions for homeowners in Youngstown, Cleveland, and surrounding Northeast Ohio areas. In this guide, we’ll explore how you can qualify for energy credits when installing a new roof and what steps you need to take to maximize your savings.

What Are Energy Tax Credits?

Energy tax credits are financial incentives offered by the federal government to encourage homeowners to make energy-efficient improvements to their homes. These credits allow homeowners to deduct a portion of the cost of their energy-efficient upgrades from their federal income tax bill, helping to reduce the overall cost of the project.

Under the Inflation Reduction Act (IRA) of 2022, the U.S. government extended and expanded energy efficiency tax credits, making it even more beneficial for homeowners to invest in energy-efficient roofing materials.

Does a New Roof Qualify for Energy Tax Credits?

Not all roofing materials qualify for energy tax credits. To be eligible, the roofing materials must meet Energy Star® or IRS efficiency standards. The primary roofing components that qualify include:

• Energy Star® Certified Metal Roofs – Metal roofing with reflective coatings that improve energy efficiency by reducing heat absorption.
• Energy-Efficient Asphalt Shingles – Certain shingles with special coatings that reflect sunlight and minimize heat transfer.
• Cool Roof Technology – Roofing materials that incorporate highly reflective surfaces to keep homes cooler.

If you install a new roof that includes these energy-efficient components, you may qualify for tax credits up to 30% of the material costs.

Eligibility Requirements for Energy Tax Credits

To claim an energy tax credit for your new roof installation, you must meet the following conditions:

✅ The home must be your primary residence (investment properties and rental homes do not qualify).

✅ The roofing materials must be Energy Star® certified and meet IRS energy efficiency guidelines.

✅ The roof must be installed in the United States.

✅ The tax credit only applies to materials costs, NOT labor or installation fees.

✅ You must keep records of purchase receipts, manufacturer certifications, and installation details to claim the credit.

How Much Can You Claim for a New Roof?

As of 2023, under the Energy Efficient Home Improvement Credit (25C), homeowners can claim up to 30% of the cost of qualified roofing materials, with a maximum credit of $1,200 per year. This credit resets annually, meaning homeowners can spread out energy-efficient home improvements over multiple years to maximize their savings.

Steps to Qualify for an Energy Tax Credit for Your Roof

1. Choose Energy Star® Certified Roofing Materials

Before replacing your roof, select materials that are Energy Star® certified. These include:

• Cool roofing materials that reflect heat.
• Metal roofing with coatings to reduce heat absorption.
• Energy-efficient asphalt shingles that reduce cooling costs.

At S&K Construction And Remodeling LLC, we offer Owens Corning energy-efficient shingles and metal roofing solutions that qualify for tax credits.

2. Work with a Qualified Contractor

A professional roofing contractor will ensure that your new roof meets the necessary requirements for tax credits. Our team at S&K Construction And Remodeling LLC provides expert installation using energy-efficient materials that comply with federal guidelines.

3. Keep Detailed Documentation

To claim your energy tax credit, you’ll need the following:

• Manufacturer certification statement proving the materials meet Energy Star® requirements.
• Receipts and invoices detailing the cost of materials.
• IRS Form 5695, which is required when filing your taxes.

4. Claim Your Credit on Your Tax Return

When filing your annual taxes, include IRS Form 5695, along with documentation of your roofing purchase and installation. If you’re unsure how to proceed, a tax professional can guide you through the process to ensure you receive the maximum credit available.

Other Energy Efficiency Incentives for Roofing

In addition to federal tax credits, homeowners may also qualify for state and local incentives. Some utilities and state programs offer rebates and discounts for energy-efficient roofing installations. Check with your local government or utility provider for additional savings opportunities.

Is Investing in an Energy-Efficient Roof Worth It?

Installing an energy-efficient roof can be a smart investment for several reasons:

✅ Lower Utility Bills – Reflective roofing materials help keep your home cooler, reducing air conditioning costs in summer.

✅ Long-Term Savings – While energy-efficient roofing may cost more upfront, the long-term energy savings and tax credits help offset the initial expense.

✅ Increased Home Value – A home with an energy-efficient roof is more attractive to potential buyers, potentially increasing resale value.

✅ Eco-Friendly Benefits – Energy-efficient roofs help reduce heat absorption and lower your carbon footprint.

Why Choose S&K Construction And Remodeling LLC?

At S&K Construction And Remodeling LLC, we specialize in installing energy-efficient roofs that qualify for tax credits and incentives. Our services include:

🔹 Expert consultation on the best energy-efficient roofing materials. 🔹 Professional installation that meets federal and local guidelines. 🔹 Access to top-quality brands like Owens Corning for energy-efficient shingles and roofing systems. 🔹 Guidance on tax credit eligibility to maximize your savings.

Conclusion

If you’re planning a new roof installation, choosing an energy-efficient roofing system can provide significant savings through tax credits and lower energy bills. By selecting Energy Star® certified materials and working with a trusted contractor like S&K Construction And Remodeling LLC, you can make a smart investment that benefits both your home and your wallet.

📞 Contact us today for a free consultation! Let’s find the best energy-efficient roofing solution for your home and help you take advantage of all available tax credits and savings.