If you’re just beginning to get started using solar power or have used it for a while, there are some things you should know before you invest in a new roof.
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Evaluation of your roof’s condition
Conducting a thorough evaluation of the condition of your roof prior to installing solar panels can be an important step. Not only will it stop the possibility of making costly errors but it also helps ensure that your panels stay in position.
The first and foremost consideration will be the condition of your roofing. If it’s over ten year old, the roof may not be up to the pressures that come with installing solar panels. If it’s under 10 years old, then there may be some breathing space.
The best way to find out is to contact a reputable roofing business in your area and requesting an assessment. A roofing expert can tell you if your roofing has any major issues, for example, leaks, dry rot or any other issues that could be compromising the performance of your panels.
Another way to find out is to check Google’s Project Sunroof. This website allows you to input your address, and it will calculate the exposure of your home to sunlight. You can then compare your results with the results of other homes in the area.
Durability of solar panels
Having solar panels on your roof can boost your energy production , and it can save you money. Additionally, it lowers your carbon footprint. But, solar panels will require some attention. There are several ways to prolong the lifespan of your panels.
The first step is to ensure that your roof is ready for solar. If you have clay tiles it is possible change them to a more durable material. You might also look into a metal roof which is significantly stronger over asphalt roof shingles.
Then, ensure that your solar provider is reliable. A reputable solar company will correctly install your panels and look for any issues after a few years.
Thirdly, ensure that your panels are clean. If you have debris in your panel, it blocks sunlight from reaching your cells. It can also lead to chips and scratches.
Fourth, keep an eye on the performance of your solar panel. If it’s not producing enough electricity to cover your bills then it could be time to replace your panels.
Cost of a new roof
The addition of solar panels to your home is an excellent option to lower your electricity costs. Also, it increases the value of your home. If you’re looking to purchase or sell a home using solar power, installing a system will increase your odds of securing a better price.
The cost of installing a new roof before installing solar panels can be wildly different. Based on Remodeling Magazine, a new roof can increase the value of your home by more than $17,000. A new roof that has solar panels can provide even more benefits as it will have a longer duration and greater durability.
The cost of a new roof might not be as high as the price to install a solar system but if you do both projects at the same time you will save money on both projects. You may also be able to receive a discount on the two items through an established roofing company in your area.
It is not unusual homeowners to mix the installation of solar panels along with the replacement of their roof. This allows you to establish a clear plan and to get your work done on a schedule.
Financing solar and a new roof
The addition of solar panels and a new roof to your home can be an excellent method to increase the value of your home. Also, it can provide a crucial protection against the rising cost of electricity. The government continues to offer financial incentives to help homeowners make the most of the benefits of solar power.
The government has announced a 30 percent tax credit for individuals that install solar panel systems. This tax credit is estimated to be about $9,000, which is able to be carried forward to the following year.
One of the most effective methods to finance solar system and get a new roof is through a mortgage on your home equity. A home equity loan is a form of second mortgage which allows you to take out a loan against the worth of your home. If you have a large amount of equity in your home, you might qualify for a loan of up to 85 percent of the value.
Even if you’re not able to accumulate a lot amount of equity on your property, then you could still take advantage of an improvement loan for your home or a mortgage to fund the project. But, you’ll need to be paying higher interest rates.