The replacement of the roof system can be one of the largest expenditures for a building owner during the life cycle of the building. In fact, given the significant costs associated with roof replacement, many companies delay or shy away from roof solar projects because of this. However, if it’s determined that your roof should be replaced prior to going solar, it’s a smart move to consider moving forward with both projects, as solar can actually reduce the budget impact from roof replacement.
Benefits from evaluating solar when needing to replace your roof:
- The positive cash flow from the solar can reduce the out-of-pocket expenses for the roof. Plus, while the payback period will be longer compared to just doing a solar project, the system will eventually pay for itself.
- Many banks and lenders that are financing solar projects will include roofing costs in the financing terms, hence the possibility to take advantage of more favorable terms that come with solar.
- When you pair solar panels with a new roof, the panels will actually extend the lifetime of the roof area they cover, because solar panels are more durable than most roofing materials.
- By installing a PV system on a brand new roof, you will be saving money in the long term, because it is very unlikely you’ll need to re-roof during the lifetime of the PV system. In other words, a new roof allows you to avoid future costs associated with removing and reinstalling the solar panels.
While roof replacement costs can be high, the savings of going solar will make up for it in the long run, and there’s no better time to evaluate solar if you were planning on re-roofing anyway.
Image sourced from: https://www.renewhomedesigns.com/roof-replacement-and-solar-systems/