Can I claim a deduction for my new roof?
Maybe. A new roof might qualify for the nonbusiness energy property credit. To claim the credit, both of these must apply:
- You made qualifying improvements to your main home.
- The improvements increased your home’s heating and cooling efficiency.
In 2013, the credit is limited to 10% of the purchase price for each eligible item. The items include all of these:
Eligible items are those that:
- Meet or exceed criteria established by the 2000 International Energy Conservation Code
- You installed in your main home in the United States
- You were the original user of
- Are reasonably expected to remain in use for at least five years
The product’s maker will have a certification statement. It shows the eligible building components and their climate zones. You must install each component in the specified climate zone.
You can deduct 10% of the purchase price for each eligible item. However, the credit has a lifetime limit of $500 . No more than $200 of that limit can apply to windows and skylights.
You can't deduct installation costs.
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