Yes you can!
95% of the time, a homeowner elects to use the 30% Tax Credit to pay for a new roof because the Tax Credit typically results in a very large IRS Refund (check with your tax advisor)
Many times you will solar companies advertising a FREE ROOF when installing panels.
The reality is, however, it is not free because you are using your tax credit to pay for the all or part of the new roof installation costs.
This is also applies if you choose to use the credit for any other home project.
So please dont let a solar company tell you get a free roof!
2 Tax Credit Usage Scenarios
Pay for Roof Upfront then use Tax Credit to reimburse yourself
Pay roofing company out of pocket for roof installation
$9,000
Solar Panel Loan
$30,000
30% Tax Credit added to your refund*
$9,000
Actual cost out of pocket
$0
Take out an additional amount in a loan to cover the cost of the new roof and solar
Pay roofing company out of pocket for roof installation
$0
Solar Panel Loan and Roof installation separate loan
$39,000
30% Tax Credit added to your refund*
$9,000
Actual Cost out of Pocket
$0
Use the Tax refund to pay off the roof loan
$9,000
Understanding the Federal Incentive Solar Tax Credit of 30%?
Can I use my Tax Credit for a New roof or other home project?
How does the NJ TREC Rebate Work?
How much will my electricity bill be reduced?
How much will my Home` Value Increase?
What will my monthly loan or lease payment be?
Types of Equipment, Solar Panels and Battery as it relates to the environment