Financial Benefits

Key Highlights:

  • A metal roof will offer you significant savings over the long-term due to its longevity and durability.
  • Tax benefits may be available for your metal roof.
  • Save on your home insurance - as much as 30 percent - by installing a metal roof.
  • Increase on the resale value of your home.

 

Financial Benefits

A metal roof is a premium roofing system which adds value to your most important investment – your home. The purchase price of a metal roof, comparable to other roofing systems including asphalt shingles, tile, or shake, will likely be competitive.

However, the long-term value on a metal roof is greater than that of other roofing systems because of its longevity. While your neighbors and friends are replacing their asphalt roofs every 12-20 years, your metal roof has a 40-year warranty with very low maintenance. These reduced costs will save you money.

The Metal Roofing Alliance clearly outlines the financial benefits of metal roofing: "Multiply not only the initial cost of asphalt roofing materials, but also the cost of asphalt roof repairs and re-installation man hours to compare to the typical 'once-a-lifetime' metal roofing installation."

Tax Benefits

Thanks to recently extended federal tax incentives, homeowners may qualify for up to $500 on the installation of an EnergyStar-rated metal roof on their home. (All Weather Tite warranted metal roofing panels are EnergyStar-rated.)

To qualify, you must have installed the roof any time between January 1, 2012 and December 31, 2013. Be sure to ask for a copy of the EnergyStar certification on your roof after it is installed and keep it with your other roofing documentation.

When you file your taxes, you’ll need to fill out IRS Form 5695. For more detailed information about this tax credit, contact your tax professional.

Insurance Benefits

In areas of the country prone to severe weather or wildfires, there may be discounts available on your homeowners insurance based on the installation of a weather-resistant metal roof. Metal roofing is resistant to hail, heavy wind, and wildfires.

To find out if a discount exists in your area, contact your insurance agent. Some areas may offer a discount of up to 30 percent.