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Remember the home energy tax credit? That was extended through the end of 2011. If you need to fix a roof, or need a new roof, now is the time. If you have not had a roof inspection for a while, have it done now. If you need any roof repairs, or if you need a new roof as a result of your roof inspection, get it done while you can take advantage of the home energy tax credit.
You may claim a credit for 10% percent of the total cost of the metal roofing or asphalt shingles, or new energy efficient skylights for your existing primary residence.
There are a few rules and restrictions, however:
- The maximum combined credit is $500 (10% of $5,000 in total cost) for all allowable products purchased between 2006 and 2011.
- The credit is for the price of the product only, not labor.
- Energy tax credits are nonrefundable, which means you can only claim a credit to offset taxes you owe for the year.
- Tax credits may only be claimed once and are limited to the year in which you purchased the item.
If you are in need of a new roof or need a roof inspection, or if you are installing energy efficient skylights, contact SB Roofing.