Interested in New Roof Tax Credits in Orange County?
Are you considering replacing or repairing your roof in 2016? Or did you make some improvements in 2017? If so, you might qualify for tax credits from either your federal or state income taxes.
Not all home improvements are eligible for tax deductions or credits, but many that make your home more energy efficient are. Here’s what you need to know about possible roofing related tax credits if you’re considering hiring an Orange County roofing contractor to make energy-efficient roofing improvements this year.
Federal Tax Credits
In 2016, you can claim 10% of costs--up to $500--or a specific amount from $50 to $300 on certain ENERGY STAR products. You must make the repairs or upgrades on your existing home, which must also be your principal residence. Vacation and rental homes, and new construction homes don’t count.
For roofs, the tax rebate applies to metal roofs with certain pigmented coatings, and asphalt roofs with appropriate cooling granules. You can also include costs for items like weather stripping, spray foam, house wrap, and caulk to seal air leaks.
