Key Takeaways
- Delaware homeowners can claim a 30% federal tax credit on energy-efficient shingle roof replacements, capped at $1,200.
- To qualify, roofing materials must be “Energy Star” certified.
- Homeowners must fill out IRS Form 5695 to claim federal tax credits.
- Replacing your roof can improve energy efficiency, reduce utility bills, and increase home value.
- To take advantage of these tax credits and get a proper installation of the shingle roof in Delaware, contact Elevated Remodeling.
How Delaware Homeowners Can Save Money with Shingle Roof Replacement
Replacing your shingle roof can be a huge investment, but it comes with a host of benefits, especially when you take advantage of available tax credits and rebates in Delaware. By understanding how these incentives work, you can save a substantial amount of money while also improving your home’s energy efficiency and value.
But do you need a shingle roof replacement in the first place? Here are 6 signs to look out for:
- Your roof is over 20 years old: Most asphalt shingle roofs last 20-25 years before needing replacement.
- Shingles are cracked, curling, or missing: Cracked, curling, or missing shingles indicate the roof has reached the end of its lifespan and can no longer properly protect your home.
- Shingles are losing granules: Seeing lots of shingle granules in your gutters is a sign the roof is aging and the protective granules are coming off.
- Moss or algae growth is widespread: While some moss is normal, extensive moss growth can indicate moisture issues and damage to the shingles.
- Shingles have been blown off in high winds: If shingles are regularly blowing off, it’s a clear sign the roof is failing and needs replacement.
- The roof is leaking: Leaks, especially from an older roof, are a major red flag that replacement is needed, not just repairs.
At Elevated Remodeling we specialize in high-quality, energy-efficient replacement windows, doors, siding, and roofing solutions. Based in Pennsville Township, New Jersey, our company serves clients in New Jersey, Pennsylvania, Maryland, and Delaware. Get a Quote for Your Project |
Delaware Tax Credits for Shingle Roof Replacement Explained
You can benefit from a tax credit amounting to 30% of the cost of qualified roofing materials, with a maximum credit of $1,200. This initiative encourages the installation of roofing systems that meet Energy Star standards, which help reduce heat absorption and lower energy costs.
Eligibility Criteria
To qualify for the tax credit, you must meet the following criteria:
- Type of Roofing Material: The roofing materials must be Energy Star certified. This includes:
- Metal roofs with a pigmented coating.
- Asphalt roofs featuring cooling granules.
- Primary Residence: The tax credit is applicable only to primary residences, excluding rental properties and new constructions.
- Installation Dates: The roofing work must be completed between January 1, 2023, and December 31, 2032, to qualify for the credit.
- Documentation: You must keep receipts and documentation of the roofing materials purchased for tax purposes.
Step-by-Step Application Process
- Select Qualified Materials: Consult with us to ensure that the roofing materials chosen are Energy Star certified.
- Complete the Installation: Have the new roof installed within the eligibility time frame.
- Gather Documentation: Collect all receipts and invoices related to the roofing materials purchased. This documentation acts as proof for claiming the credit.
- Fill Out IRS Form 5695: Form 5695 is used to claim the Residential Energy Credits. It requires details about the energy-efficient improvements made to your home.
- Include the Credit on Your Tax Return: When filing your annual tax return, include the amount from Form 5695 to reduce your tax liability.
- Consult a Tax Professional: It may be beneficial to consult with a tax professional to verify compliance with all requirements and to maximize potential benefits.
Available Rebates for Shingle Roof Replacement in Delaware
1. DDD Rebate Program
The Downtown Development District (DDD) Rebate Program provides financial incentives for property improvements within designated districts. This program is aimed at encouraging investment in commercial, industrial, residential, and mixed-use buildings.
- Eligibility: You must make a Qualified Real Property Investment (QRPI) within a designated DDD.
- Scope: Replacement or substantial replacement of roofs is eligible, defined as at least 60% of the entire roofing system. Minor repairs do not qualify.
- Rebate Amount: The rebate amount varies based on the project and the DDD guidelines.
2. Utility Provider Rebates
Delaware’s major utility providers give various incentives to encourage energy-efficient upgrades, including roof replacements that increase energy efficiency.
- Eligibility: You must be a customer of participating utility providers, such as Delmarva Power, DEMEC, or Delaware Electric Cooperative.
- Incentives: These may include rebates for energy-efficient upgrades or programs that promote solar panel installations, which can be integrated with roof replacements.
Benefits of Replacing Your Shingle Roof
- Increased Property Value: A new roof increases the overall value of your home by making it more attractive to potential buyers.
- Higher Energy Efficiency: Modern roofing materials are designed to reflect heat and improve insulation, which can lead to lower energy bills.
- Better Protection Against Weather: A new roof provides superior protection from the elements and reduces the risk of leaks and water damage.
- Healthier Living Environment: Replacing an old roof can help you prevent mold and mildew growth for better indoor air quality.
- Increased Safety: A new roof strengthens the structural integrity of your home and reduces the risk of collapse or damage from severe weather.
- Reduced Future Repair Costs: Investing in a new roof minimizes the likelihood of frequent repairs and saves money in the long run.
- Warranty Coverage: New roofs typically come with warranties if you choose a trusted home remodeling contractor like us.
Choose Elevated Remodeling for Delaware Shingle Roof Replacement
At Elevated Remodeling, we specialize in transforming homes through top-notch craftsmanship and exceptional service. Our mission is to provide a service based on trust, integrity, and accountability. We offer a variety of home improvement services, including shingle roof replacement, to enhance the comfort, energy efficiency, and curb appeal of your home.
Why Elevated Remodeling Stands Out
- High-Quality Materials: We provide advanced roofing solutions, including Timberline HDZ® shingles, which provide superior protection and aesthetic appeal.
- Comprehensive Warranties: We have warranties on our products, such as the 25-Year StainGuard Plus™ Algae Protection Limited Warranty and the WindProven™ Limited Wind Warranty, for long-term reliability.
- Innovative Technology: Our use of LayerLock™ technology increases installation accuracy and results in a more durable roof. The StrikeZone™ nailing area ensures up to 99.9% nailing accuracy.
- Increased Algae Protection: Our shingles have advanced algae protection technology, giving a longer warranty against discoloration caused by blue-green algae.
- Wind Resistance: The roofing systems are designed to withstand high winds, with DuraGrip Adhesive providing additional protection against wind-driven rain.
- Aesthetic Appeal: Timberline UHDZ® shingles are designed with a patent-pending Dual Shadow Line to boost your roof’s appearance from all angles.
- Commitment to Customer Satisfaction: We emphasize trust, integrity, and accountability so you get a positive experience throughout the remodeling process.
Are you ready to replace your roof? Then don’t hesitate to contact us by calling (800) 672-8519 or clicking the “request a quote” button on the top right corner. We will provide you with a free consultation and a custom quote so you can make the best decision.
Frequently Asked Questions (FAQ)
What roofing materials qualify for tax credits?
Only “Energy Star” certified roofing materials qualify for federal tax credits. These materials are designed to improve energy efficiency by reducing heat gain.
What is the average lifespan of a shingle roof?
Typically, asphalt shingle roofs last between 20 to 30 years, depending on factors such as the quality of installation, maintenance, and local weather conditions. Regular inspections and maintenance can help extend the lifespan of your roof.
How can I maintain my shingle roof?
Regular maintenance includes cleaning gutters, removing debris, checking for algae growth, and inspecting for damaged or missing shingles. It’s also advisable to schedule professional inspections to catch any potential issues early.
What are the benefits of asphalt shingles?
Asphalt shingles are popular due to their affordability, ease of installation, and variety of styles. They provide good protection against weather elements, are resistant to algae growth, and have sound insulation to make them a practical choice for many homeowners.
What warranties does Elevated Remodeling provide for roofing replacement?
We provide comprehensive warranties on our roofing systems, including a 25-Year StainGuard Plus™ Algae Protection Limited Warranty and a WindProven™ Limited Wind Warranty.