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The Green Roofing Energy Efficiency Tax Act, March 2009

Bipartisan legislation to create "green" jobs and protect the environment!

H.R. 426, Green Roofing Energy Efficiency Tax Act (GREETA) will immediately begin generating new "green-collar" jobs in the U.S. manufacturing and construction industries while also helping to conserve energy and enhance the environment by reducing carbon emissions. This common-sense investment in the emerging "green" building sector will result in more "boots on the roof" within days of enactment to help jump-start our economy.

By accelerating demand for technologically advanced "green" roof systems, GREETA will:
  • Create 40,000 new "green" jobs among roofing manufacturers and contractors

  • Add $1 billion of taxable annual revenue from the roofing industry

  • Reduce carbon emissions by more than 20 million pounds annually

  • Reduce U.S. energy consumption by 13.3 million kilowatt hours annually

  • Save small businesses billions of dollars through a simpler and more equitable system of taxation and lower energy costs
GREETA, introduced by Reps. Bill Pascrell (D-N.J.) and Wally Herger (R-Calif.), is a bipartisan solution to a problem that restricts the movement toward energy-efficient roofing products in the commercial building sector, a major source of carbon emissions. The problem is the Internal Revenue Code, which requires that commercial roofs be depreciated over a 39-year schedule even though a study by Ducker Worldwide, a leading industrial research firm, found that the average life span of a commercial roof is only 17.5 years. This disparity is a major disincentive for building owners to replace older failing roofs with new green roof systems.

GREETA will rectify this problem by allowing building owners to use a realistic 20-year depreciation schedule for roof systems that meet the benchmark ASHRAE 90.1 energy-efficiency standard (set by the American Society of Heating, Refrigerating and Air-Conditioning Engineers Inc.).

GREETA has the support of businesses, associations and organized labor, including the United Union of Roofers, Waterproofers and Allied Workers and the AFL-CIO Building and Construction Trades Department. For more information, please contact NRCA's Duane Musser at (202) 546-7584 or dmusser@nrca.net.

(March 2009)

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