Commercial Solutions That Work.
Sovereign Roofing's Design Team will walk with you every step of the way as we bring your ideas to life. Energy efficiency ratings soaring by the year, and technology constantly advancing your best choice to stay away from the thermostat and your high energy bill. No matter your contracting needs, we have the solution. We work directly with our manufactures and your insurance company so you can rest assured your getting the best deal! Don’t forget to ask about our Solar Energy systems designed to work with you. Our accounting team researches all available grants and tax benefits from government to state level. Most of the solutions we offer are at no cost to the consumer.
whether it's fixing a leak or building your dream home we have the right manufacturers and certified installers to finish your project. with the insurance company you can rest assured knowing the job is not done, but with little to no money out of pocket in most cases. We understand time is a precious commodity. We pride ourselves in being on time and accurate.
With so many options to choose, and technology and energy efficiency ratings constantly advancing your best choice is to work with one of our Associates directly. Lowes and Home Depot offer a variety of services. t! All of our Material Suppliers and Commercial accounts get discounts when purchased in the amount we do monthly, We pass that savings right on to you! one of our Consultants will happy to walk you through the buying process.
Lucrative federal income tax credits for certain energy-efficient home improvements were extended recently. The extensions were part of the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act), which became law on December 18, 2015. Here’s what you need to know to cash in on these tax breaks.
In recent years, individuals could claim a tax credit of up to $500 for qualified energy-saving improvements made to a principal residence in the United States. This credit expired at the end of 2014, but the PATH Act extended it for 2015 and 2016.Credit for Energy-Efficient Home Improvements and Equipment
The credit equals 10% of certain qualified expenditures plus 100% of certain other qualified expenditures, subject to a maximum overall credit of $500. There are no income restrictions on taking this credit, and it can be used against the alternative minimum tax (AMT). Expenditures for vacation homes and foreign residences are ineligible, however.
For the following improvements to a U.S. principal residence, the maximum credit equals 10% of qualified expenditures up to the overall $500 credit cap, reduced by any credits claimed in earlier years:
- Insulation systems that reduce heat loss or gain,
- Metal and asphalt roofs with heat-reduction components that meet Energy Star requirements, and
- Exterior windows (including skylights) and doors that meet Energy Star requirements. These expenditures are subject to a separate $200 credit cap.
For the following items of energy-savingequipment installed in a U.S. principal residence, the maximum credit equals 100% of qualified expenditures up to the overall $500 credit cap, again reduced by any credits claimed in earlier years:
Qualified central air conditioners; electric heat pumps; electric heat pump water heaters; water heaters that run on natural gas, propane, or oil; and biomass fuel stoves used for heating or hot water. These items are subject to a separate $300 credit cap.
Qualified furnaces and hot water boilers that run on natural gas, propane, or oil.These items are subject to a separate $150 credit cap.
Qualified main air circulating fans used in natural gas, propane and oil furnaces.These items are subject to a separate $50 credit cap.
This credit will expire again at the end of this year, unless Congress extends it again.
Important note. Because the $500 credit cap is reduced by any credits claimed in earlier years, many people who previously claimed the credit will be ineligible for any further credits in 2015 and 2016.
Credit for Residential Solar Electricity-Generating and Water-Heating Equipment
Individual taxpayers can collect a generous federal income tax credit for expenditures for qualifying solar electricity-generating and water-heating equipment. This credit was scheduled to expire at the end of 2016, but it’s been extended to cover qualifying expenditures made through 2021.
For property placed in service by the end of 2019, the credit equals 30% of qualifying expenditures.
Important note. Because qualifying systems are expensive, this credit can be significant. There are no upper limits on the credit or phaseout rules for people with higher income levels. In addition, the credit is allowed against the AMT. If your credit is so large that you can’t use all of it on your current-year return, you can carry forward any unused credit to future tax years.
This is should be a prospective customer's number one call to action, e.g., requesting a quote or perusing your product catalog.