Is your tax bill stopping you from upgrading your home’s roof? Experts say that such work can actually lower your tax liability significantly, partially offsetting the costs.
Oh, hello! I didn’t hear you come in. You just missed the annual Start Saving Money and Trusted Tax Return Tips convention (I saved you a T-shirt, though). Elevated Remodeling and other home improvement contractors spoke at length, sharing their insights on the tax credit programs that have New Jersey homeowners intrigued. And get this - they mentioned that these credits can offset the cost of major roofing upgrades. Take a seat, I’ll tell you exactly what they had to say…
It’s 2025, which means states are moving to combat carbon emissions on a federal level. The result? Incentives that actively encourage us to invest in new roofing materials.
Certain roofing materials are specifically designed to reduce our energy consumption by providing superior insulation. With a more comfortable, stable interior temperature, we won’t need to run our cooling or heating systems for hours on end - not anymore. What’s more, they said that these benefits aren't just for us - they’re for everyone.
It’s no wonder we were so eager to hear them talk about a tax credit program that’s available right now, right here in New Jersey. Plenty of us were worried about the installation costs, but the experts had some simple advice:
The key to qualifying for these tax credits? Finding eligible roofing materials - in other words, those that meet energy-saving standards. Energy Star-certified products are the ones you need to know about. The experts named certain asphalt shingles (with cooling granules) and metal systems (with pigmented coatings) as examples.
And the financial advantages will continue to resonate going forward, so said the pros. If you’re considering investing in a new roofing system, keep in mind that a reduced tax liability is just one of the incoming benefits. Think about it: lower energy consumption leads to lower long-term energy bills - and a higher overall property value.
Yet, most of us can’t access these advantages alone. This point was discussed in detail. If you want to go ahead, it’s best to seek the help of professional contractors who can identify and install such materials for you.
These companies should be able to help you qualify for tax credit opportunities after replacing your time-worn, damaged, or otherwise inefficient roofing system. Greener roofs are meant to result in more green - in more ways than one. You might have missed the convention… but there’s no reason for you to miss out on expert insights.
