Savvy homeowners are increasingly recognizing the many benefits of eco-friendly, energy-efficient metal roofs. In fact, metal roofs are now the second most popular roofing material in the United States due to their attractiveness, durability, and extra-long useful life. Another benefit of installing a new metal roof is that you can often get a tax break or rebate when you do so.
Government Rebates for Roofing
The U.S. Department of Energy and the U.S. Environmental Protection Agency run a program offering rebates to homeowners that install energy-efficient items. You may be eligible for a metal roof rebate depending on your location and the offers in place at any particular time. To find out if you’re eligible for cashback from these agencies, visit the Energy Star Rebate Finder and enter your information.
ENERGY STAR Metal Roof Tax Credit
A metal roof tax credit is another incentive to install this type of roof. The tax credit was put in place several years ago, and its expiration date continues to be extended annually.
Currently, there is a 10% tax credit up to a maximum of $500 (not including installation) for metal roofs “with the appropriate pigmented coatings.” The roof must be installed on an existing home that is your principal residence. Rentals and new construction homes are not eligible.
The tax credit is currently available for roofs installed through December 31, 2021. But it could be extended again. You will need a Manufacturer Certification Statement from your roofer and will need to file IRS Form 5695 with your taxes to claim the credit.
U.S. Department of Agriculture Grants and Programs
While details can be scarce about the programs available through this agency, they do exist. The USDA offers many low-income families assistance with home preservation and repairs. If you want to investigate this, contact your local USDA office for more information.
Weatherization Assistance Program
We all know how cold it gets in Missouri, and the government has programs available to help keep your home warm and weather-proof. The U.S. Department of Energy offers assistance to low-income families to reduce energy costs and increase efficiency. It may not pay for a new roof, but it might cover some of your costs. You can contact your state weatherization agency for more information.
Other Options to Pay for a Metal Roof
Getting help from the government can be challenging, but most people should at least be able to get some form of tax rebate. If you need additional assistance paying for a metal roof, some of your options include:
- Local government loans and grants
- A home improvement loan
- Low-interest credit card
Want to Learn More About Rebates for Metal Roofs?
If you’re interested in a metal roof for your home, we can answer your questions about the benefits of this type of roofing as well as give you the latest information about rebates. Excel Metal Roofing, L.L.C., is a top provider of metal roofing installation and maintenance services in the Versailles, MO area. Contact us today for more information or for a free quote.