The shingles that qualify for tax credit include Energy Star certified metal and asphalt roof shingles that contain coatings or cooling granules to reduce any heat gain.
This tax credit is for ENERGY STAR certified metal and asphalt roofs. These roofing shingles have pigmented coatings or cooling granules designed to reduce heat gain. Certified roof products reflect more of the sun's rays.
What SEER rating qualifies for tax credit 2024? Split ducted heat pumps and packaged heat pumps must meet a SEER2 rating of 15.2 or above. Non-ducted heat pumps must meet a SEER2 rating of 16 or above.
In general, two types of roofs can qualify for a tax credit. Metal roofs with a coating of with Energy Star certified pigment or paint. The coating is a requirement to qualify for the tax credit. If you've ever wondered what it would be like to have a metal roof, it might be worth a try!
GAF Qualifying Products
The shingles in the Timberline HDZ line have the Energy Star label. Whether you choose shingles from the Cool series or another type, these products have undergone a unique process to improve energy efficiency for your home. In turn, they qualify for those tax credits.
Did you know that new shingles can qualify you for a tax credit? If you plan on replacing your roof because of its age or you truly need a new one, you're looking at an expensive investment, so you want to save where you can. Imagine how much a tax credit could help!
“After researching various options, we decided to go with GAF Timberline HDZ shingles. The warranty and the quality of the shingles were unbeatable.” “Our new roof looks fantastic, and knowing it's backed by a 50-year warranty gives us peace of mind.”
GAF Timberline HDZ shingles meet the ENERGY STAR criteria by incorporating reflective technology and granules in their design. The ENERGY STAR rating of GAF Timberline HDZ shingles ensures they reflect a major portion of sunlight and heat that falls on them.
A new roof can increase home value, but you might not see a 100% return on investment — very few improvements, if any, offer a full recoup of money spent. But even if you don't see a huge financial return, a new roof can make you more likely to get full asking price, lower time on market and smoother negotiations.
The IRS offers several ways for taxpayers to cut their tax bills through investing in certain energy-efficient appliances and home improvements. This can include upgrades like energy-efficient water heaters, furnaces, air conditioners, and similar investments. To claim the credits, you'll need IRS Form 5695.
Packaged central air conditioners must meet SEER2 ≥16.0 and EER2 ≥11.5 to be eligible.
Certain high-efficiency central air conditioners and furnaces meet eligibility criteria for a 30% tax credit, providing lower energy consumption and substantial savings on utility bills.
Lighter colors reflect heat better than darker colors, and certain coatings can add even more reflectivity. But the key to an energy-efficient roof is that it will reflect the sun's radiation away from the house. That means less heat gets transferred to the attic.
Eligible for a 30% tax credit up to $1,500, Landmark Solaris reflective asphalt roofing shingles help reduce energy costs by lowering the temperature of a home's roof by as much as 20% in the summer, the maker says.
Most asphalt shingles have a Class A fire-resistance rating. However, this doesn't mean that all asphalt shingles are the same.
If you're someone who needs a more technical answer, this article explains that roofs with good resale value tend to be neutral-colored. This includes tan, brown, black, and gray.
Closing thoughts. Generally, getting a new roof lowers your home insurance premium, but be sure to double check with your insurance company to find out how much of a discount they offer for homes with new roofs as well as how much you could save if you updated your current roof.
Once you've determined that you need a roof replacement, you can start planning for it. The biggest thing to plan for is the cost. Be prepared to spend at least $8,000 – but depending on materials and labor, for a 2,200 square foot home it can end up costing upwards of $30,000.
The answer is yes - shingles that meet certain energy-efficient criteria may be eligible for tax credits. With the increasing focus on sustainability and energy efficiency, homeowners are seeking ways to reduce their environmental impact while also saving on energy costs.
GAF Timberline architectural shingles are America's #1-selling roof shingles, according to GAF marketing, with a 130 MPH wind resistance warranty.
As you can see, these shingles have a class A fire rating, and its wind resistance rating is 130 MPH. That puts it somewhere between class G and class H.
GAF and Owens Corning have industry-leading reputations for product quality to address strong wind, hail, extreme sun, and moisture. Each has wind resistance ratings and clear nailing zones for more secure installation. There is minimal difference between Owens Corning and GAF shingles regarding product quality.
If you plan on living at your current property forever, can commit to routine maintenance, and need superior protection, it could be a worthwhile investment. On the other hand, if you plan on moving or can't afford such a hefty price tag right now, 25-year or 30-year shingles might be a better match.
One of the most traditional shingle color options GAF offers, Charcoal is extremely popular as it goes with literally ANY home and never looks out of place. If you have a hard time choosing your new roof color, this is the safest best.