Follow These Tips to Claim Your Energy Tax Credits

As part of the Consolidated Appropriations Act, homeowners who replace their old roof with reflective roofs or roofing systems that meet ENERGY STAR® requirements are entitled to receive deductions on their annual tax return. Those who qualify for this program will be able to recover 10% of the cost of their roofing project, allowing them to enjoy up to $500 worth of tax credits.

If you have installed ENERGY STAR®-certified metal roofs or asphalt roofs as part of your roof repair in St. Petersburg, FL, then you’re eligible to receive tax incentives. But how exactly do you apply for tax credits?

Get the Right Form

Start by downloading Form 5695 from Alternatively, you can call the IRS at 1-800-829-3676 to order the application form you need. Before filling out the form, make sure that you have read and understood the instructions provided by the IRS. Also, don’t forget to thoroughly check and review the documentation of the home improvement project that you want to claim.

Provide Your Personal Data

Write your name and Social Security number legibly before filling out Part 1 of Form 5695. Keep in mind that the tax credit applies to energy-efficient home improvements made on your principal residence. If the improvements are not installed in your main home, you’re not eligible to receive the non-business energy tax credit.

Complete Part I of the Form

If your residential roofing in Tampa, FL, meets the requirements, you may complete Part I. Write down the computed figure on line 11 to 54 of Form 1040, or on line 49 of Form 1040NR. Proceed to Part II of Form 5695 to calculate your energy-efficient property credit by transferring the numbers you’ve computed earlier to line 27 to 52 of Form 1040, or to line 49 of Form 1040NR.

Send Furnished Form to the IRS

After providing all the necessary information, attach Form 5695 to Form 1040 or Form 1040NR. Send the furnished forms to your local IRS office. Do not include manufacturer documentation in the tax return.

If you want to enjoy tax deductions all year long, you can start by pursuing home improvement projects that can help boost your property’s energy efficiency. To that end, we offer quality roofing products and services to ensure your home or business gets to save money and the environment along the way. Contact us at American Roofing & Sheet Metal at (813) 217-5650.

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