Abstract: An adjustable overhang panel positioned on the eave of a roof of a building which can be extended to provide shade in the summer or retracted in the winter for increased sun exposure is disclosed. The lateral edges of a rigid panel are slidably positioned within parallel tracks which may be incorporated in extensions of the roof rafters. When extended, the panel is maintained in position by gravity. The panel includes an extended lip portion on the inner edge thereof for securely engaging inner portions of each of the parallel tracks for maintaining the panel in a stable, retracted position. The present invention is applicable to new buildings as well as existing structures by extending the roof rafters as support for the parallel tracks within which the overhang panel is positioned.