No matter if you’re new with solar power or you’ve used it for a time, there are a few points to consider before you make the decision to purchase a new roof.
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Examining the condition of your roof
A thorough assessment of the condition of your roof prior to installing solar panels can be a crucial step. It will not only prevent the possibility of making costly errors but it also helps ensure that your panels remain in the right place.
The most important thing to take into consideration concerns the condition and age of the roof. If it’s over ten years old, it may not be ready for the demands that come with installing solar panels. But, if it’s just under 10 years old, you may have some breathing space.
The best way to determine this is by calling a reputable roofing company in your region and asking for an evaluation. A roofing professional can inform whether your roof is suffering from any serious issues such as dry rot, leaks, or any other issues that could be compromising the effectiveness of your panels.
Another way to figure out is to utilize Google’s Project Sunroof. This site lets you enter your address and it calculates the exposure of your home to sunlight. You can then evaluate your results against the results of other homes in your neighborhood.
Durability of solar panels
Installing solar panels on your roof increases your energy production and can save you money. Additionally, it lowers your carbon footprint. However, solar panels require some attention. There are a variety of ways to extend the life of the panels.
The first step is to ensure that your roof is prepared to receive solar. If you’ve got clay tiles then you’ll be able swap them out with more durable material. It is also possible to think about a metal roof which is significantly stronger as asphalt roofing.
Make sure your solar provider is reputable. A reliable solar provider will install your panels correctly and check for any problems within a couple of years.
Thirdly, make sure your panels are clear. If you have debris on your panels, it blocks sunlight from reaching your cells. It can also lead to chips and scratches.
Fourth, keep an eye on your solar panel’s performance. If the panel isn’t producing enough power to cover your expenses then it could be time to replace your panels.
Cost of a new roof
Adding solar panels to your home is an excellent option to lower your electricity costs. Also, it increases the value of your property. If you’re in the market to purchase or sell a home by installing a solar power system can improve your chances of getting a higher price.
The cost of a new roof prior to installing solar panels can be wildly different. As per Remodeling Magazine, a new roof can boost the resale value of your house by nearly $17,000. A new roof with solar panels can offer greater benefits, as it will have a greater duration and greater durability.
The price of a new roof might not be as high as the price of installing a solar panel but if you tackle both projects simultaneously, you can save money on both projects. It is also possible to get a discount on the two items through an established roofing company in your area.
It is not unusual for homeowners to incorporate installing solar panels along with a roof replacement. This makes it easier to establish a clear plan and to get your work completed on time.
Solar financing and a new roof
Adding solar and a new roof to your home can be an effective method to increase the value of your home. Also, it can be an important hedge against rising electricity prices. It is a fact that the government will continue to offer financial incentives to help homeowners benefit from the power of solar energy.
The government has announced a 30 percent tax credit for people installing solar panels. This credit works out to be about $9,000, which can be carried forward to the following year.
One of the most effective ways to finance your solar and roofing project is to take the house equity loan. The home equity loan can be described as a kind of second mortgage that lets you borrow against the equity of your home. If you own a substantial amount of equity in your home, you may be eligible for a loan as much as 85 percent the value.
Even if you’re not able to accumulate much amount of equity on your property, then you may still take advantage of an improvement loan for your home or a mortgage to fund the project. However, you’ll need pay higher interest rates.