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jonpagel
Returning Member

Cool roof 2023

Installed a new metal roof in 2023, meets the SRI value and the company seems to think it qualifies for the energy efficiency credit….does it go with insulation or did it change for 2023?  I have read some other threads but has anyone actually figured out if a cool roof meets the requirements for this year?  Thanks

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1 Reply
MarilynG1
Expert Alumni

Cool roof 2023

Per Expert @MonikaK1 

 

"Yes, the credit is still 10% of the cost, up to $500, or it may qualify for 30% up to $1,200,for qualifying improvements. The roofing improvements that qualify may be entered under solar electric costs or solar water heating costs, or as insulation.

 

Installing a metal roof doesn't automatically qualify for the Residential Clean Energy Credit. However, if you invest in certain types of solar roofing equipment like solar roofing tiles and shingles which serve as both a form of solar electric generation and traditional roofing, such investments can qualify for the credit.

 

Roofs (Metal and Asphalt) – A credit of 30% of the cost, up to $500, is available for roofing materials that meet the requirements and have the proper pigmented coatings and cooling granules. This credit does not cover installation costs.

 

See the IRS Instructions for Form 5695 and this TurboTax help article for more information."

 

@jonpagel 

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