Question

Can I apply an energy credit to 2022 taxes for last years roof?

Forum|Forum|3 years ago
November 16, 2022
1 reply
0 views

I forgot to ask TT if I could get any sort of a credit for my new roof in 2021. So I got this email & decided to ask.

I see their is a energy credit & I might get some help w/ energy credit form 5695.

I haven't gone through the questions since it was installed Dec 14, 2021. Thank you very much for helping me.

The energy credit for certain types of roofs was extended to December 31, 2021. So you should qualify time- wise, if the roof meets the criteria.

This tax credit is for ENERGY STAR certified metal and asphalt roofs with pigmented coatings or cooling granules designed to reduce heat gain. Certified roof products reflect more of the sun's rays, which can lower roof surface temperature by up to 100F, decreasing the amount of heat transferred into your home. The installer of your roof should be able to provide you with this certification.

If the roof qualifies, the credit would be 10% of the cost (NOT including installation) up to $500.

If you have already filed your 2021 tax return, you would need to file an amended 2021 return to receive the credit. You cannot claim it on your 2022 return.