TAX CREDITS AND INCENTIVES

SOLAR TAX CREDITS

The federal government has extended and modified residential energy-efficient property credits that can work in your favor. The bill extends the 30% individual tax credit for residential solar electric expenditures through December 31, 2016. It also eliminates the previous residential solar electric tax credit cap of $2,000!

In addition to solar tax credits your FusionSolar project may also qualify for Cool Metal Roof tax credits, state tax credits and incentives.For information on programs in all 50 states, visit the Database of State Incentives for Renewable Energy (DSIRE) at www.dsireusa.org.

TAX CREDITS ON ENERGY STAR METAL ROOFS

A federal tax credit for 30 percent of cost, up to $1,500 is now available to Custom-Bilt Metal customers who install many of the Titan Cool Metal Roof colors we offer. Signed into law as part of the American Recovery and Reinvestment Act of 2009, this tax credit actually lowers your tax bill dollar for dollar (as opposed to a tax deduction, which merely shaves money off your taxable income). Please consult your tax advisor to confirm your eligibility.

The credit applies to qualifying ENERGY STAR® roof products. Many Titan Cool Roof colors from Custom-Bilt Metals qualify for the credit and more colors will be added soon (Custom-Bilt Metals’ products are shown on pages 43-44 of the ENERGY STAR® Roof Products List).

To qualify for a federal tax credit, a roof must be expected to last 5 years OR have a 2-year warranty. Because all roofs from Custom-Bilt Metals have a lifetime warranty, any color that qualifies meets this criterion. Installation costs are not included and a Manufacturer's Certification Statement is required. For tax purposes, save your receipt and download our Manufacturer's Certification Statement. Use IRS Tax Form 5695 (version 2009). This form should be available in late 2009 or early 2010 at www.irs.gov.

UTILITY REBATES & THE COOL ROOF RATING COUNCIL

Additional rebates and credits may be available from state governments and your local utility providers. Visit www.dsireusa.org to learn about other incentives available in your state.

To collect rebates and incentives from local utilities, homeowners will need to submit a product number. Custom-Bilt Metals’ Titan Cool Roof product numbers can be found in the Cool Roof Rating Council (CRRC) Rated Products Directory. The directory also displays data on the solar reflectivity and thermal emittance of manufacturers’ products. Custom-Bilt Metals is a Class A Member of the CRRC.

TAX CREDITS FOR HOME BUILDERS

Qualifying home builders may be eligible for a $2,000 tax credit for a new energy-efficient home that achieves 50% energy savings for heating and cooling over the 2004 International Energy Conservation Code (IECC) and supplements. At least 1/5 of the energy savings must come from building envelope improvements.

These tax credits apply to new homes located in the United States whose construction is substantially completed after August 8, 2005 and that are acquired from the eligible contractor for use as a residence from January 1, 2006 through December 31, 2009.

To learn more visit www.irs.gov and see IRS Form 8908.