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New Member
posted Mar 15, 2021 2:43:35 PM

We had our roof removed and replaced along with sofits and gutters replaced as well. Isn't this considered an Energy-Efficient Improvement?

If so, there are six possible fields to include these costs, none of which involves roofing costs. I'm not sure which field to include those expenses if they are deductible

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1 Replies
Expert Alumni
Mar 15, 2021 3:02:24 PM

Yes, but only if the roofs are metal and asphalt. It is a Residential energy efficient property credit. Form 5695

 

Q. What improvements qualify for the residential energy property credit for homeowners?

A. In 2018, 2019 and 2020, an individual may claim a credit for (1) 10 percent of the cost of qualified energy efficiency improvements and (2) the amount of the residential energy property expenditures paid or incurred by the taxpayer during the taxable year (subject to the overall credit limit of $500).

Qualified energy efficiency improvements include the following qualifying products:

  • Energy-efficient exterior windows, doors and skylights
  • Roofs (metal and asphalt) and roof products
  • Insulation

Residential energy property expenditures include the following qualifying products:

  • Energy-efficient heating and air conditioning systems
  • Water heaters (natural gas, propane or oil)
  • Biomass stoves

Please note that qualifying property must meet the applicable standards in the law.