Federal tax credits for the installation of solar power equipment remain in effect, and there is significant money to be saved.
This guide to the Federal solar investment tax credits gives you what, how, and how much can be saved when you install solar electric panels or BiPV solar tiles aka solar photovoltaics or a solar hot water system on your residence. Saving money at tax time has never been easier – and this is a very good time to consider going solar.
What is the Federal Solar Investment Tax Credit?
Since Congress passed the Energy Policy Act of 2005, the Residential Renewable Energy Tax Credit has allowed homeowners to deduct a percentage of the installed cost of a solar PV system for their home. It was originally set to expire after 2007 but has since been extended several times. The current expiration date is December 31, 2023. Will it be extended again? Probably, but it’s a risk to wait.
If you are looking to replace that old asphalt roof on your home with a metal roof this Spring, Summer or Fall, but still have a few lingering questions or concerns, then here are the top 70 metal roofing facts, myth-busters, FAQ, plus an overview of costs and pros and cons to consider before making your buying decision.
Did you know? A metal roof can be a sensible way to protect your home, especially if you happen to live in an area that experiences a lot of storms, rapid temperature changes, beaming sun that melts asphalt, large hail, or heavy snowfall. — Just ask any homeowner in Florida, Oklahoma, Arizona, Texas, Illinois, Ohio, upstate New York, Northern New Hampshire, Maine, Vermont, and they will readily attest to this! 😉
New Shingle Roof
$7,500 Average price
New Metal Roof
$14,500 Average price
New Flat Roof
$8,225 Average price
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To help you navigate this long list, we broke it down into the following categories:
Metal roofs can be made from a variety of metals and alloys including
— Galvanized G-90 steel (hot-dip zinc galvanized high-end steel), and G-60 steel (a less expensive, thinner-gauge steel, often used in low-end, lower-cost corrugated and ribbed metal panels)
— Galvalume steel (zinc and aluminum coated steel) has a more expensive and longer-lasting coating compared to G-90 galvanized steel.
— stone-coated steel (G-90 galvanized steel), aluminum, copper, zinc, terne (zinc-tin alloy), and stainless steel.
The downside of galvanized steel (G-90, and especially G-60) is that it can corrode, eventually, especially when exposed to moist, salt-spray environment such as when your home is situated near the ocean or near the coastal areas.
Steel is the most frequently used material in both residential and commercial applications, mainly due to its lower cost.
Aluminum is the second most popular material. It is more durable and longer lasting than steel, but only costs a fraction of the price of premium metals, such as copper or zinc.
Aluminum is also one of the best metals to use for roofs located in coastal areas (think those beach homes), where there is a heavy presence of salt spray in the environment.
Copper roofs are the most durable and can last for hundreds of years. However, due to prohibitively high cost, few people choose to install an entire roof made from copper. Instead, home and business-owners choose copper for architectural details/accents on the roof (bay windows, towers, porches, low slope roof sections, Etc.).