When it comes time to replace your roof, you want to get the most for your money, including tax credits. Certain products can help give you money back from the installation, but there are a few limitations. If you want to know whether GAF shingles qualify for these credits, here are a couple of things to know.
Tax Credit Qualifications
If you are considering a roof replacement, you might get a tax credit from certain GAF Energy Star-qualified asphalt shingles. If you had made any of these energy efficiency improvements in 2021, you would be able to claim the credits retroactively.
However, not all roofs qualify for a tax credit, and certain restrictions exist. For example, if you have a metal roof with an Energy Star-certified coating, you can claim only certain elements for credit. In this case, the coating is the only component that will qualify. With GAF shingles, they could be eligible for a tax credit if the materials use cooling granules.
Unfortunately, you cannot deduct the entire cost of a new roof. A new roof is usually considered a home improvement, and those costs are not deductible from your taxes. Many people want to improve their homes, but there are some drawbacks. While the home improvements can increase your property’s value, you might have to pay more in taxes over time.
One way to offset these costs is using qualified materials for a tax credit. Yes, you cannot deduct the labor and other materials, but you can get some breaks on your tax bill. Since 2020, tax credits have been available for non-business energy products installed on a taxpayer’s primary residence. Homeowners can claim a tax credit of up to 10% of the cost of the qualified roofing product.
What Is an Energy Star Rating?
You will see plenty of products with the Energy Star symbol. With that, Energy Star provides you with unbiased, credible, and straightforward information to make better decisions for your products. You can find cost-saving, energy-efficient solutions that will protect the climate and improve the air quality.
According to the Cool Roof Rating Council, Energy Star-qualified shingles will save a homeowner an average of 7% to 15% on their home cooling costs, which can also help extend the product’s life. GAF carries a few products with an Energy Star rating.
GAF Qualifying Products
Some qualified GAF shingles collections include Timberline Cool Series in all colors, including cool barkwood, weathered wood, and antique slate. The shingles in the Timberline HDZ line have the Energy Star label. Whether you choose shingles from the Cool series or another type, these products have undergone a unique process to improve energy efficiency for your home. In turn, they qualify for those tax credits.
Along with the HDZ line of shingles, GAF’s other shingles are also rated for energy efficiency. GAF’s HD shingles use cool roof technology to deflect the sun’s rays, protecting your home from excessive heat. These shingles will give you the energy efficiency you want in high-quality products. Plus, they come with the Energy Star stamp. You can count on these shingles to keep you cool and save money on your home costs.
Within the GAF product line, you will find the Cool Color Series. These shingles make a stunning visual impact on your roof, but they do more than looking good on your home. These shingles use energy-efficient materials to “cool” down your roof, and they are offered in a palette of rich, organic colors and hues. Adding these shingles to your roof can slow the build-up of heat, leaving you with a more energy-efficient home.
Is There a Difference Between the Timberline HD and HDZ Shingles?
The HDZ line of shingles is considered a step above the HD. Keep in mind that both shingles from GAF are high-quality products that will protect your home. In addition to that, they will look great for many years. Plus, these products are covered by the best warranty in the industry.
However, there are a few differences between the HD and HDZ shingles. The HDZ has a 99% nailing accuracy with its StrikeZone nailing area. This nailing area is almost 600% larger than the standard shingle. StrikeZone delivers a 30% faster nail installation over the HD.
If you are looking at price, the top-selling Timberline HD usually costs $31 per bundle. On the other hand, the HDZ shingles range in price from $33 per bundle. Of course, those prices could change depending on your location and the installer.
Aside from the tax credits, these shingles have some of the highest ratings in the industry. The Timberline series has a UL Class A rating and is listed as ANSI/UL 790. What does that mean? These shingles carry one of the highest roofing fire ratings.
The WindProven Limited Warranty is another excellent option for your home. When the Timberline HD shingles are installed with GAF accessories, they will carry a wind warranty with no maximum wind speed limitation.
Work With Master Elite Installers at RGB Construction
Yes, GAF shingles offer tax credits, but they can only be applied to those products with Energy Star-qualified components. If you want to learn more about these tax credits and what products can qualify for your home, reach out to RGB Construction. Our team will discuss all of your options so that you get the most out of your next roof repair or replacement. Schedule a consultation by calling 856-264-9093.