Need Help? Call: 1-877-367-9284
Home   |   Articles   |   FAQ’s   |   My Account   |   Search
Welcome Guest  |  Contractors Click here to Sign in or Register here

How to Get Tax Credits for Roof Replacement

Home > Articles > Roofing > How to Get Tax Credits for Roof Replacement

Roofing Tax Credits

Written by: Stephanie Stevens

The Internal Revenue Service allows homeowners to apply for a tax credit after making energy-efficient home improvements. Roof replacement, in some cases, can improve the energy efficiency of a home and may qualify for a tax credit.

An IRS Form 5695 is required to apply for the credit and must be submitted with your annual tax return. Once the IRS has evaluated your IRS Form 5695, you will receive a tax credit if your new roof meets the appropriate requirements.

Here is a direct link to Form 5695: http://www.irs.gov/pub/irs-pdf/f5695.pdf

Steps to Getting the Tax Credit

Step 1: Replace the roof on your main residence with materials that meet IRS criteria for energy-efficient homes. According to the IRS, metal roofs with specially pigmented coatings designed to reflect sunlight and asphalt roofs that contain cooling granules are acceptable.

Step 2: Gather the receipts for the supplies and labor on your new, energy-efficient roof.

Step 3: Complete IRS Form 5695. You may only apply for a residential tax credit using IRS Form 5695. Include your name and Social Security number, as well as the precise dollar amount you spent on your new roof.

Step 4: Attach IRS Form 5695 to your federal tax return. File both forms with the IRS on or before the filing deadline. Include copies of your receipts for verification. After you file the two tax forms, the IRS will evaluate your claim. If your claim is substantiated, you will receive the tax credit with your return.

Share this Article
Share on Facebook Share on Twitter Share on Google

Related Articles
+ Residential Metal Roofs
+ Good Roofing to Increase Your Home's Chances of Selling
+ Four Aspects to Consider When Choosing a Roofing System
+ Your Slate Roof - Repair Or Replace?
+ Best Roofing Materials For Warm Climates
+ Louisville Roofing Services Residential and Commercial

Free remodeling price quotes