Guadalupe, AZ (PressExposure) September 01, 2009 -- Arizona, United States â September 2nd 2009: Consumer interest in metal roofing is expected to rise over the coming months due to a Government backed tax credit, industry experts have predicted. This shift is happening after steel prices bottomed out last month and are now recovering. Home owners originally thought the rising prices meant metal roofing construction would be too expensive, but with the tax credit to help finance metal roofing, home owners can go ahead as planned.
The tax credit applies only to Energy Star products in an effort to make the US more environmentally friendly. Energy Star metal roofing is highly energy efficient, which is why a tax credit is given to any home owner who installs it on their property. When experts realized steel prices would soar as the industry recovered, they expected consumers to choose cheaper solutions, such as asphalt, instead of the more reliable and 'green' metal roofing. With the emergence of the tax credit, however, companies such as Absolute Steel (http://www.metalroofingsource.com) will see plenty of business over the coming months.
âBefore metal roofing there were asphalt based products, which needed regular maintenance and replacing every 12 to 20 yearsâ says Absolute Steel CEO Dean Thomas, âWith the help of the tax credit, metal roofing should become the standard for new roofs and asphalt could die out over the next decade or two.â
A US Government initiative to provide a tax credit to home owners installing metal roofing on their property is expected to increase sales for metal roofing companies such as Absolute Steel. The tax credit came at a good time, as Global steel prices are set to rise. As a result, the steel industry and metal roofing companies are predicted to thrive, after prices bottomed in the second quarter of 2009.