Tax Credit Eligibility

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Tax Credit Eligibility

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Does the federal tax credits still exist or did they in fact expire? If they exist how much are they for primary residential homes?
Guest User
2013-10-10 09:40:18.000000
Thanks for your question and thanks for buying a metal roof. It is my understanding that the energy efficviency tax credits under which the reflective metal roofing credit falls is applicable only to your primary residence. I would have to refer you back to your tax advisor in determining how it applies to your situation. My gut feeling is that, if you have houses in two states, then the IRS will sya it applies to the house in the state where you claim your primary residency. But I am not a tax expert.
Todd Miller
2011-05-05 16:26:15.000000
The 25C federal tax credits for energy efficient home improvements covering Energy Star rated roofing materials are still in place but set to expire at the end of 2013. I do not look for them to be renewed. There is a lifetime cap of $500 under the 25C credits. For metal roofing, the credit will cover 10% of the cost of the materials (up to the $500 lifetime cap that includes all 25C credits, not just roofing).
Todd Miller
2013-10-10 09:45:15.000000
Dear Experts- My wife & I purchased an Energy Star standing seam metal roof last year, and we're very happy with it. We got the energy star certification from our builder with every intention of applying for the tax credit that goes with it, but our accountant said we may not meet eligibility criteria for the credit. This is our part-time home up in Sedona; we live in it part of the year, and we rent it out part of the year. I don't know how that affects our eligibility? Note that we do occupy the house at least part of every Month of the year, and we often do live there more than half of the year, so to us it feels like our primary residence, but I guess our home in Phoenix is more of our primary, and is listed so on our taxes. Thanks for any advice you may have... Aaron Scott
aaron scott
2011-05-05 16:11:28.000000
Primary residence only from a federal level. If there are separate state incentives, that is on a state by state basis.
Eric Novotny
2011-05-07 10:00:01.000000