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Is a New Roof Tax Deductible? [Home Improvement & Your Taxes]

January 18, 2021

The roof of the house with nice window over blue sky.

Is a new roof tax deductible? It depends. A residential roof replacement is not tax deductible, because the federal government considers it to be a home improvement, which is not a tax deductible expense.

However, installing a new roof on a commercial property or rental property is eligible for a tax deduction. And in some cases, you can claim the entirety of those deductions the same year you pay for the roof.

Roof Maxx Tax Deductions for Commercial Roofs

Construction worker wearing safety harness using secondary safety device connecting into 15 mm static rope using as fall restraint shingle on top of the new roof.

If you’re looking for more ways to reduce commercial roofing expenses, Roof Maxx can help.

Most tax-deductible roofing expenses need to be amortized over several years. But the total cost of Roof Maxx treatment for commercial roofing can be deducted in the current year, allowing you to save big and earn a sizable tax credit while you’re at it.

Does a New Roof Count Toward a Tax Credit on a Solar Energy System?

Side close-up shot of a young modern family with a little son getting acquainted with solar panel on a sunny day, green alternative energy concept

According to the federal government’s Energy Policy Act of 2005, in some circumstances, either a new roof or certain roof repairs may count toward a tax credit on a solar energy system.

For example, if you need to reinforce or replace your roof in order to install solar panels, you can deduct those costs from taxes. You may also be able to get a deduction if you install new shingles that are designed to increase the efficiency of your solar panels.

What Home Improvements Can You Claim on Your Taxes?

Installing a new roof or solar panels are just two home improvements you can claim on your taxes. You can earn further tax deductions if you have a home office or rent out part of your house. You can also increase your tax basis, which is the amount you subtract from the sales price of your house, by making other home improvements, including:

  • Adding a room
  • Adding a bathroom
  • Installing decks, fencing, or landscaping
  • Kitchen upgrades
  • Installing a pool
  • Getting a new central AC
  • Installing a home security system

Can You Deduct Energy Efficient Appliances on Taxes?

Smart home system on phone app. Temperature, energy efficiency, security control.

Did you recently buy an energy-efficient washing machine or dishwasher? Unfortunately, you cannot deduct these appliances from your taxes. However, you can get a tax credit for installing energy-efficient systems, such as solar panels, which power your appliances. This deduction is 10% of the total cost of improvements, worth up to $500.

Learn More About Roof Maxx Tax Deductions

Contact Roof Maxx for more details about commercial roofing and apartment rental property tax deductions. We can also help you enjoy greater savings by extending the life of your asphalt shingles with our all-natural roof treatment. Get in touch today to learn more.

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