If you’re a cost-conscious homeowner, you may want to do some extensive research before your next roof replacement. While the upfront costs of a new roof can vary widely, you should also consider the overall return on your investment as well as any incentives. When it comes to choosing among different roofing materials, a metal roof has many advantages, but one that stands out is that it can save you money on your taxes.
Tax Credits for Choosing a Metal Roof
If you are interested in installing an energy-efficient metal roof, Federal Property Tax Credits providing financial incentives for doing this have been extended until the end of 2020. Homeowners can receive a tax credit up to $500 and must complete IRS form #5695 to take advantage of this benefit as long as the roof is being installed on a primary residence.
The $500 tax credit is a lifetime cap, so it may not be available if you have already used it for other ENERGY STAR certified products like insulation, windows, or doors. But, even if you had a metal roof installed after 2018 and haven’t taken the credit, you still have the opportunity to do so.
A Metal Roof Has a High ROI
Metal roofs cost slightly more upfront than their shingle counterparts, but their return on investment (ROI) is much higher. Known as “Cool Roofs,” a metal roof can reflect as much as 85 percent of solar heat and keep your home cooler in the summer months. According to the Environmental Protection Agency (EPA), an ENERGY STAR-qualified roof can reduce temperatures in a home by up to half.
The energy cost savings are attractive, but metal roofs are also a popular choice due to their longevity. The average asphalt roof lasts just 10-12 years in extreme weather environments. Compare that to 50 or even 100 years or more for a quality metal roof, and your investment has paid for itself many times over.
Other Benefits to Having a Metal Roof
A tax credit might be a nice incentive to choose a metal roof over some other material, but there are plenty of reasons for having a metal roof, tax credit or not. Metal roofs look sharp and stylish compared to asphalt and can add value to your property.
No one much enjoys raking a roof after a heavy snowfall, and you can leave the ladder and shovel stored away with a metal roof. Instead, the snow will simply slide right off as the temperatures rise.
Finally, metal roofs are incredibly durable. They are naturally resistant to heavy wind, precipitation, sun damage, heat, ice and snow, lightning, and even fire.
Now that you understand the benefits of having a metal roof on your home, how do you get started? Excel Metal Roofing, LLC, has been installing quality metal roofs on homes and businesses throughout the Lake area in Versailles, MO, for over 20 years. We are committed to delivering high-quality craftsmanship and service, and invite you to contact us to learn more about the installation of a metal roof on your home.
