If your house is one of the millions of American homes that repair their roofs each year, you may want to consider include solar panels in your plans. In actuality, 2.3 million single-family houses will need roof replacements per year over the next ten years. The United States would have advanced significantly towards its decarbonization objectives if even a small portion of those houses switched to solar electricity at once. You may find all the details you need here.
Let’s begin with the expenses
Depending on the materials used, a new roof may last 20 to 50 years. The price to replace a roof may range from $6,000 to $10,000 depending on the size of the old roof and other criteria. According to the National Renewable Energy Laboratory (NREL), installing a solar panel system on the roof of a residential building typically costs about $19,000. Although the combined cost of these two initiatives may reach $30,000, experts at NREL predict that it may only reach $25,000, saving families an average of $4,000 in the process. You may enhance your savings by 26% of the cost of solar arrays erected in 2021 or 2022 provided you meet the requirements for and qualify for the federal tax credit for solar photovoltaics. The Database of State Incentives for Renewables & Efficiency contains information on further possible savings.
About the Savings
These savings are possible in part because solar panel installation and roofing businesses sometimes collaborate to the advantage of property owners. The business that would be doing the work also offered to give us a 30% reduction on the cost of a new roof if we choose to have both done at the same time while we were gathering quotations for the cost of installing a rooftop solar array on my house. The roofing company was able to cut its pricing since it would not need to invest money in attracting new clients. Choosing the California smart panels is a good option here.
There are other ways that adding solar panels to your new roof might save your expenses. Solar panels typically last 25 to 30 years, which puts them on par with a roof in terms of durability. Instead of having to have the solar panels reinstalled later, repairing your roof and solar panels at the same time may end up saving you money in the long run.
Conclusion
There are many solutions available to you if you’re one of the many people in the US who lack the upfront cash needed to finish the roof repair and solar panel installation on your house. In addition to submitting an application for conventional financing to pay for the purchase of your system, you may lease solar panels from a local business or engage into a power purchase agreement (PPA) with one. These are both wise financial decisions. The solar firm may put their own panels on your roof because of the PPA. The electricity will then be made available to you by your solar energy supplier at a set price, which is often less expensive than the utility’s retail rate. You can be qualified for one of the numerous state programmes that provide aid with roof repair as part of their solar projects if your income is regarded as low to moderate.