Do GAF Solar Shingles Qualify For A
Tax Credit For Your Austin Home?
Enjoy Energy Production For Your
Home And Some Money
Back In Your Wallet
As a homeowner, you’re likely interested in how you can save money around the house. One slightly newer technology you can embrace for excellent returns is solar shingles in Austin.
While there are many solar options to choose from, one stands out as a leader in the industry – GAF Timberline solar energy shingles. Manufactured by one of the best, these shingles stand strong with a solid warranty and overall dependability.
However, many Austin area homeowners want to know whether their investment in a GAF Timberline solar roofing system is eligible for tax credits. In addition to being eligible for certain credits, you’ll receive many excellent benefits by installing one of these systems.
What Qualifies A Solar Shingle Roof For Tax Credits?
To receive the federal solar tax credits, you must have a solar-powered energy system installed in your home that provides electricity to the house. Solar panels, energy storage devices, and solar water heaters are included.
Solar panels and solar shingles use the same mechanism to produce electricity – the photovoltaic effect. Because of this, solar shingles are also included in the list of eligible systems.
Are GAF Timberline Solar Energy Shingles
Qualified For Tax Credits?
When your GAF Timberline solar roofing system is installed, you’ll receive documentation from the manufacturer that your new roof meets all specifications and requirements to be eligible for tax credits. With this documentation, you can proceed with filing for the credits.
In addition to receiving money back on your installation, you’ll enjoy the benefit of excellent warranties. GAF offers a 50-year leak-free warranty on the entire roof system and a 25-year warranty on power production.
You’ll save money and know that your investment is well protected.
What Are The Incentives For Being
A GAF Energy Customer?
On top of tax incentives, there are several other benefits of installing GAF solar shingles. First, most areas stipulate that solar modifications made to a home cannot be calculated into the total home value when determining property taxes.
Second, several electric service companies offer rebates, making the project more cost-effective.
In Texas, these tax credits and incentives come from the local municipalities and governments. The state has no program for issuing credits or rebates and has not implemented a net-metering plan.
Money Back For Excess Energy Production
While the state does not have a net-metering program, which would allow for statewide buybacks of excess electricity produced by residences, the local electric companies have programs. They offer compensation for all excess electricity generated and sent to the grid.
Often, these companies offer homeowners a credit on their utility bills. Other times, they may have programs in place where they pay the homeowners directly. In either situation, you could save a significant amount of money on your electricity bill based on the electricity your solar shingles produce.
Federal Tax Credits On Solar Shingles
One of the most rewarding aspects of installing solar shingles in the Austin area is the federal solar tax credits. You can receive up to 30% of the cost of your roof installation as a credit back on your taxes.
This money is non-refundable and must be applied to the taxes you owe. However, any balance left over will be carried to the next year. Additionally, you may only claim the credit once.
To apply for the tax credit, you’ll need documentation from your roofing contractor, including all the information about your roof replacement. Then, you’ll use this information to file a form with your taxes. For best results, you should consult with your tax professional to determine if you are eligible.
USA Home Roofing & Exteriors Is Your Local GAF-Certified
Roofer For All Your Solar Shingle Needs
With over 20 years of experience serving the Austin area, we know how to take your vision and make it a reality. During your consultation, we’ll take the time to learn about your needs and wants regarding your new TImberline solar roofing system.
You can count on us to work within your budget and deliver exceptional results, no matter the complexity or size of the project. So, if you’re ready for solar shingles on your Austin home, call USA Home Roofing & Exteriors today at 726-215-6766 to schedule a consultation.
