Tax Credit Frenzy: Metal Roofing Tax Credit [Cont...]
Metal Roofing Steel Prices Rise, Causing Tax Credit Frenzy
Applications for tax credit on metal roofing are expected to rise with recovering steel prices
Arizona, United States – August 13th 2009: The cost of metal roofing is predicted to rise over the course of the next few months, following the recent collapse and subsequent recovery of the steel industry. While this means financial difficulty for some home owners looking to install metal roofing, the US Government is offering them a tax credit of up to $1500 for choosing such an energy efficient material such as Energy Star metal roofing products offered by Absolute Steel.
The federal tax credit comes as an initiative to start consumers installing energy efficient features into their homes. Using metal roofing means that roofing doesn’t need as regular maintenance and replacing, and homes don’t need to use their air conditioning and/or heating systems as much. Metal roofing is also constructed from recycled steel, making it far more energy efficient than the asphalt materials we’ve been using for the past few decades.
“Metal roofing should be something that every US home has installed for the rest of the twenty first century” says Absolute Steel CEO Dean Thomas, “There’s no reason why weak and unreliable asphalt material should be being used over metal roofing especially when it’s not energy efficient”
Following the fall and subsequent rise of global steel prices, industry experts had predicted that the numbers of property owners installing metal roofing would fall. Yet with the revelation of the Federal Government’s Energy Star’s tax credit, those numbers are in fact rising, leaving metal roofing companies such as Absolute Steel with thriving business prospects for 2009 and beyond.
Absolute Steel was established in 1999 and since then it has gone on to develop steel building kits and metal roofing with synthetic underlay, amongst other products which are covered by the Energy Star federal tax credit. Absolute Steel has remained the US’ top manufacturer of metal roofing and steel products despite the fall and current rise of steel prices. It’s this staying power that has given the company such a boost that will continue as the industry recovers.
- Contact Information
- Kevin McNulty
- Absolute Steel LLC.
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