Updating the outdated depreciation schedule for nonresidential roof systems is vital to facilitating retrofits of aging and obsolete commercial and multifamily buildings.
The Energy-Efficient Qualified Improvement Property Act (H.R. 2346) would be an excellent component of any infrastructure legislation in 2021 as it would help modernize aging building infrastructure and spur more energy-efficient investment. The E-QUIP Act allows straight-line depreciation during a 10-year period for energy-efficient qualified improvement property, including high-performance nonresidential roof systems.
NRCA urges all members to reach out to their members of Congress to advocate for accelerated depreciation for energy-efficient building improvements including commercial roofs.
For more information and to take action and email your legislators, visit the NRCA Grassroots Advocacy Network at roofingadvocacy.nrca.net.
