Homeowner Alert: It's Time to Claim Higher Tax Credits for Replacing a Roof

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There are powerful new federal tax incentives to have an energy-saving replacement roof installed in 2010, according to Clark Briggs, roofing contractor and owner of Kayco Roofing.

There are powerful new federal tax incentives to have an energy-saving replacement roof installed in 2010, according to Clark Briggs, roofing contractor and owner of Kayco Roofing.

"Think of it this way: For every dollar you spend to upgrade, the government gives back 30-cents," says Briggs. "It's a one-time 'super savings', on top of your monthly utility bill reduction from an energy-efficient roof."

Because the tax break is designed to encourage energy-saving upgrades, it applies to existing homes only. The deduction is for the cost of roofing materials, up to $1500. This is three times larger than any past energy tax incentive. The boost for 2010 is part of the government economic stimulus program.

"It's the mother of all refunds!" Briggs enthused. "But you have to do it in 2010. Why not get it done before our Northeast Florida summer sets in?"

He points out consumers have a choice of two different types of roofs that qualify for the tax incentives. Either asphalt shingle, or metal roofs with the ENERGY STAR label earn the tax break. These products reflect back the sun's rays, lowering the temperature of the roof surface. That heat does not pass through to the home, markedly reducing the demand for cooling.

"An ENERGY STAR roof can pay for itself in ten years in utility savings alone," said Briggs, citing US Department of Energy calculations. "When your 2010 tax credit knocks off a chunk of cost, the roof pays for itself even sooner." New roofs have an average life of 25-30 years.

"If you want to super-size your energy savings, have us add improved insulation on the inside of your replacement roof," advises Briggs.

Briggs recommends consumers contact a reputable roofing contractor for advice on qualified roofing. He also reminds homeowners to watch out for fly-by-night roofers, who may say they're installing a qualified roof, but don't; or install it improperly, negating any energy savings.

Contractors hope to spread the word about the significant incentives for a roofing upgrade because, Briggs says, "It would be a shame to see this money go to waste".

For media inquiries, contact Clark Briggs at 904-742-6790.

http://www.kaycoroofing.com/

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