| In 2008, then President, George Bush, enacted a | | | | You will need to provide a statement from the |
| number of laws to give economic incentives to | | | | manufacturer, along with filing an Internal Revenue |
| energy conscious taxpayers who were willing to do | | | | Service form number 5695 in order to get your tax |
| home improvements with a view to energy | | | | credit. It is claimed that installing a coated steel |
| conservation. These laws became part of The | | | | roofing system can save you as much as 40% in the |
| Emergency Stabilization Act. | | | | energy costs to cool your home. Along with the tax |
| Under this act, a tax break is offered to | | | | and savings benefit, installing a coated steel roofing |
| homeowners who replace their roofs with metal | | | | system on your home might lower your |
| materials as opposed to traditional asphalt shingles. | | | | homeowner's insurance premiums. |
| Metal roofing materials reflect glare and heat rather | | | | This all stems from knowing about the current tax |
| than absorbing it and are, therefore, prone to keep a | | | | laws and making an effort to benefit from them. |
| home cooler. This reduces energy costs for cooling. | | | | Who would have thought that you could get a tax |
| They also lower air pollution and smog by cooling the | | | | credit by installing a new roof? In order to keep |
| temperature of the air around the home. | | | | current of the ever-changing tax laws and to be |
| This tax credit is only available during the tax year | | | | certain that you receive every tax credit, exemption, |
| 2009, so if you are going to replace your roof, you | | | | and deduction to which you are legitimately entitled, |
| better do it soon. You can get a credit of up to | | | | you may want to consider consulting a tax |
| $500, or 10% of the cost of your new roof, | | | | professional about preparing your income tax return |
| whichever is less. The materials need to be coated | | | | for you. |
| steel roofing with the Energy Star rating. | | | | There are many deductions for homeowners applying |
| If you don't need a new roof, you won't use this tax | | | | to energy and home improvement credits, along with |
| credit. If you do need a new roof, it might be a good | | | | tax breaks for green living, and the financial |
| idea for the environment, your cooling bill, and your | | | | obligations of owning a home like mortgage interest |
| taxes to get this type of installation done. | | | | and real estate tax deductions. |