Published: January 05, 2015
By: Gil Rudawsky
Did you literally put a new roof over your head? You may be eligible for a $500 energy tax credit.
Tax credit limits and deadlines:
- 10% of expenditures, up to a lifetime $500, for all energy improvements combined.
- A relevant roof must have been installed by Dec. 31, 2014.
- Save receipts and labels.
- For roofs, installation isn’t covered.
See Energy Star for guidelines on what exactly is covered. It’s your safest bet for information on how to get the credit.
Be warned that not all roofs, not even all roofs with the Energy Star seal, will qualify. Only specially manufactured roofs, as listed on the Energy Star site, are eligible.
Don’t rely solely on contractors who may not know the details or who promise their products will get the credit in order to make a sale.