EnergyStar® Tax Credits
2012 Federal Tax Credits for Roofing
Tax credits that were 30% up to $1500 expired on December 31, 2010. New tax credits were passed, but at lower levels.
You should note that not all Energy Star qualified products qualify for a tax credit. Energy Star distinguishes energy efficient products which, although they may cost more to purchase than standard products, will pay you back in the form of lower energy bills within a reasonable amount of time, without a tax credit.
Roofs (Metal & Asphalt)
Tax credit amount: 10% of the cost, up to $500. Tax credit does NOT include installation costs.
- Metal roofs with appropriate pigmented coatings, and
- Asphalt roofs with appropriate cooling granules that also meet Energy Star requirements
How do I apply for the tax credit? What forms do I need?
For roofing products "placed in service" in 2011, you need to file the 2011 IRS form 5695 and submit it with your 2011 tax return. The IRS defines "placed in service" as when the property is ready and available for use. It's not when you purchase the product, but rather the day installation is complete and you are able to use the product.
Save and submit the following information:
- Save your receipts and the Manufacturer's Certification Statement1 for your records.
- Submit Form 5695 with your tax return
1The Manufacturer's Certification Statement is a signed statement from the manufacturer certifying that the product qualifies for the tax credit. Shingle manufacturers provide these Certifications on their website. Taxpayers must keep a copy of the certification statement for their records, but do not have to submit a copy with their tax returns.