Getting Cool Roof Rebates For Your Building

If your building's roof is in need of replacing, a cool roof system should be a consideration. According to FacilitiesNet, some utility providers offer incentive for installing cool roof systems, and this alone should provide you with some incentive to look into cool roofing.

However, if this hasn't sold you on it, "President Obama promising tighter efficiency standards for buildings and a system to cap carbon dioxide emissions, cool roofs are one way facility executives can ready their organizations," according to FacilitiesNet.

In addition, you'll possibly get rebates from the gas and electric utilities of your building by going with a cool roofing system. The utilities usually pay back  a "certain percentage — usually about $0.20 on the dollar — after installation and documentation."

Here is a list I compiled from FacilitiesNet of other rebate options for both commercial and residential buildings:

 In October of last year, President George W. Bush authorized the Emergency Economic Stabilization Act of 2008. Among the other legislation it contains, this law extends tax credits for use of ENERGY STAR-rated products — much like its predecessor — the Energy Policy Act of 2005 (EPACT).

A tax deduction of up to $1.80 per square foot is available to owners or designers of new or existing commercial buildings that save at least 50 percent of the heating and cooling energy of a building that meets ASHRAE Standard 90.1-2001. Partial deductions of up to $.60 per square foot can be taken for measures that meet the criteria for any one of three building systems: the building envelope, lighting, or heating and cooling systems. These tax deductions are available for systems “placed in service” from January 1, 2006 through December 31, 2013.

Another way facility executives may find some cash is some cities and states also award incentives to facilities that are voluntarily built to the rating systems for green or sustainable building systems — such as Green Globes or the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED)

Many cities, Chicago among them, mandate minimum values. In Chicago’s case, however, the city government also provided grants to further spur cool-roof use. About a year and a half ago, the city announced $185,000 in grant money — equivalent to approximately 55 grants of $6,000.

 Exterior Specialties can help you with all of your roofing installation, roofing maintenance and roofing repair needs. Call us today for a free estimate!

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