$1,500 Tax Credit for Purchase of Metal Roof in 2009

On October 3, President Bush signed into law the $700 billion Emergency Stabilization Act of 2008 ( H.R. 1424 commonly known as the “Wall Street Bail Out” plan. What you may not know, however, is that in addition to helping the banking industry, the bill also includes beneficial provisions to homeowners who re-roof with metal roofing.

Specifically, the Energy Improvement and Extension Act of 2008, which was attached to H.R. 1424, provided extensions to tax incentives for renewable energy technologies and for energy efficiency improvements. On October 3, President Bush signed into law the $700 billion Emergency Stabilization Act of 2008 ( H.R. 1424 commonly known as the “Wall Street Bail Out” plan. What you may not know, however, is that in addition to helping the banking industry, the bill also includes beneficial provisions to homeowners who re-roof with metal roofing.

As a result, extensions were given to tax incentives that were originally a part of the Energy Policy Act of 2009 (EPAct 05). Some of those incentives had expired at the end of 2007. But now, they apply for at least another year.

The EPAct 05 law provided tax incentives for renovation to homes including up to $1,500 tax credit for homeowners who install an “Energy Star” compliant pre-painted metal roof. The newly signed “bail out” bill now extends that $1,500 homeowner tax credit through the end of 2009.

In addition, other tax incentives from the EPAct 05 bill were extended. For example, the new home tax credit $2,000 for contractors who build dwellings with annual heating/cooling energy usage reduced by 50 percent compared to a standard dwelling complying with the 2004 Supplement to the IECC are extended through 2009. And the commercial tax deduction of up to $1.80 per square foot for building owners who design a structure that achieves a 50% reduction in annual energy cost compared to a base building defined by ASRAE 90.1-20 is now extended through 2013. Those savings in energy cost refer only to heating, cooling, ventilation, lighting and water heating.

Attn: To Whom It May Concern:

RE: IRS Tax Credit Manufacturer’s Certification Letter

The following colors meet Energy Star requirements for Cool Roofing:

Kynar 500 Ash Gray
Kynar 500 Autumn Red
Kynar 500 Bone White
Kynar 500 Brandywine
Kynar 500 Brite Red
Kynar 500 Charcoal
Kynar 500 Clay
Kynar 500 Colonial Red
Kynar 500 Copper Penny
Kynar 500 Dark Bronze
Kynar 500 Evergreen
Kynar 500 Hartford Green
Kynar 500 Ivory
Kynar 500 Light Stone
Kynar 500 Mansard Brown
Kynar 500 Matte Black
Kynar 500 Medium Bronze
Kynar 500 Patina Green
Kynar 500 Patrician Bronze
Kynar 500 Regal Blue
Kynar 500 Regal White
Kynar 500 Roman Blue
Kynar 500 Sandstone
Kynar 500 Slate Gray
Kynar 500 Surrey Beige
Kynar 500 Terratone
Kynar 500 Tudor Brown
Galvalume Plus
Siliconized Polyester Ash Gray
Siliconized Polyester Autumn Red
Siliconized Polyester Brite White
Siliconized Polyester Clay
Siliconized Polyester Ivory
Siliconized Polyester Light Stone
Siliconized Polyester Surrey Beige

On October 3, 2008, President Bush signed into law the “Emergency Economic Stabilization Act of 2008”. This bill extended tax credits for energy efficient home improvements (which includes roofs). Tax Credits for residential products, which had expired at the end of 2007, will now be available of improvements made during 2009. However, improvements made during 2008 are not eligible for a tax credit.

While we certify that these colors carry Energy Star classification, we cannot provide tax advice and suggest you contact your tax professional with any specific questions. For more information, please visit the Energy Star Website tax credit information page: http://www.energystar.gov/index.cfm?c=products.pr_tax_credits