A new roof can be an investment, but it doesn’t have to cause a damper on your years. Options like securing a government rebate can help soften the cost. Whether you are looking to increase curb appeal or just need to repair storm damage, here are some options you can consider to assist with funding your roofing project. 

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2020 Government Rebates for Roofing

Terms and conditions of government rebates or grants may differ depending on the project, time of year, location, and other variables. Modernize recommends checking to see if you’re eligible before applying to maximize your chances of securing the funds you’re budgeting for and consulting with your project contractor. 

Energy Star Rebates 

The program, which is run by the U.S. Environmental Protection Agency and U.S. Department of Energy to promote energy efficiency, offers rebates, and special offers based on a homeowner’s location. Many of those rebates are available for products that contribute to a home’s roof. Find out if you’re eligible for savings by visiting Energy Star’s Rebate Finder

The Residential Energy Efficient Property Credit

As noted by the Internal Revenue Service (IRS), there are a number of incentives offered by the federal government in exchange for making your home energy efficient. 

While traditional roofing materials don’t usually qualify, solar roofing tiles and shingles do. Though the percentage credited recently dropped, in many instances, installations that occur before January of 2021 are eligible. Homeowners should consult with their contractor for more insight on projects that are eligible for tax credits. For more information, visit the IRS’s page on energy incentives

U.S. Department of Agriculture Programs and Grants

Though details on grants and programs available in 2020 are scarce as of publication time, in the past, the USDA has offered funding to help low-income families secure housing as well as for home repairs and preservation. 

Homeowners can contact their local representative or RD State office for more information. 

Weatherization Assistance Program

This program is offered by the U.S. Department of Energy to assist low-income families to increase their home’s energy efficiency and in turn, reduce energy costs. Though the program notes it doesn’t cover a new roof or new siding, it may cover roofing elements that contribute to energy efficiency as well as minor leaks prior to insulation-related work. More information on the program is available through this fact sheet. To apply, contact your state weatherization agency

Housing Improvement Program 

An incentive offered by the U.S. Department of the Interior Indian Affairs, this program offers home repair assistance to eligible low-income American Indian and Alaska Native families. Interested homeowners can apply by filling out BIA Form 6407 with their closest housing office. 

Alternatives to a 2020 Government Rebate for Roofing

Because of its limited availability and competitive nature, not everyone is able to secure government funding. But that doesn’t mean you’re out of options. Alternatives like a small home improvement loan or opting for a 0% APR credit card can help fund that important project. Here are some options. 

Home improvement loan 

A home improvement loan can help homeowners secure the funds necessary to complete a project without accumulating credit card debt. That said, there are still things to consider, including if your financial stability will allow you to secure one and the amount of time it will take for funds to become available. 

A 0% APR credit card

As previously noted by Modernize, this option is beneficial for making big purchases — such as new roofing — without additional interest, so long as you pay off your balance before the introductory rate expires. Multiple banks offer different variations of a 0% APR credit card. Modernize recommends comparing the introductory rate’s length and the interest rate that will follow. 

Local government loans

Depending on where you live, different counties offer subsidized loans geared toward building maintenance. Austin, Texas, for instance, offers a Green Roof Density Bonus — incentivizing energy-efficient roofing. You can see if your county is offering something similar by visiting your local government’s website or calling your county’s office. 

To learn more about local incentives in your area, speak with reliable, local contractors. Use Modernize to compare quotes for your roof replacement project.