What is that one part of your home that gets the most sunlight? Of course, it is the roof. It is particularly why solar panels are installed on the roof. Have you considered the possibility of converting the entire roof into a solar panel?
Not only is it possible, but it is also profitable.
Tesla might make everyone think that solar roofing is their idea, but the concept has been around for a while. Whether you go for Tesla style solar shingles or the regular solar roof, one thing will remain the same – it will cost you more than a conventional roof.
However, when speaking of cost, people often overlook the benefits of a solar panel. These benefits are not apparent right away, but they prove extremely profitable in the long run.
Here are five reasons why solar roofing is more profitable than the conventional kind.
Why Solar Roofing? Is It Worth All The Buzz?
1. Solar Roofing Is Environment-Friendly
There is no second opinion about it. Environment-friendly choices are the need of the hour. The whole world is suffering from the side effects of global warming. And it is all because of the careless choices we have made over the decades. Now it is time to make more conscious decisions, on a much larger scale. Smaller acts won’t add up to a significant effect unless we make a bigger decision. We are talking roof scale big here!
Solar energy is renewable energy. When you power your home with solar, you are not leaving behind any footprint on the atmosphere. There is simply no harmful emission or any adverse effect of solar on human health or the environment. Since it is the only planet we have and the same planet we will inherit, the profits will surely be reaped by generations to come.
Now,by comparison, a conventional roof is a contributing factor in global warming. Scientists are constantly working on ways to reduce the amount of heat created by roofs. Many solutions have been proposed,but nothing is as effective as solar roofing.
2. Solar Roofing Increases the Value of Your Property
Property is an investment. Even if you buy a home you plan to live in, you never know when you will have to sell it. So, it’s important to always think of in terms of resale. Solar energy is now considered a great way to enhance the value of any property. Homebuyers understand the kind of saving they can expect. And we aren’t just talking about one or two panels, we are talking about a whole roof that acts as a solar panel.
According to a recent study in this regard, solar installations can improve your property’s value by around $16000. The difference can be higher in states that offer better tax incentives. A solar roof will make your home appear modern and up to date. It will attract buyers who are more interested in greener choices. Since there is still a dearth of eco-friendly homes, you will have the upper hand in negotiations.
3. Solar Roofing Can Offer Tax Benefits
As the mercury rises beyond historical limits every year, the government is trying to encourage more and more people towards eco-friendly choices. It is why they are constantly offering tax cuts and credits for people who invest in green energy in their homes.
With Solar roofing, you will be eligible for the 30 percent federal tax credit, plus any additional credit applicable in your state. Moving forward, we can only expect improved incentives for solar installation. We might even see better incentives for solar roofing as compared to simple solar panel installations. Some states have an additional 20 to 25 percent credit. This means the cost of roofing will be slashed in half, which will be close to if not lower than the cost of the conventional kind.
A fair estimate is that you can easily recover the cost of solar roof installation within five years. That is just one another reason why overhead cost should be the last thing you should worry about when thinking of solar roofing.
4. Solar Is All About Long Term Savings
Take out the solar installation calculator and get an estimate of solar roof installation. The figure might seem too high as compared to the cost of conventional roofing, but that is just half the story. The easiest way to understand the difference is to think of a conventional roof as an expense, and solar roofing as an investment. Whatever you invest in installation, you are likely to get it back within five years or even less. We can always count on better tax credits and policies.
As mentioned earlier, a solar roof will bring in plenty of tax incentives your way. There are federal and state tax credits. There is a significant increase in your property’s value. Not to mention, solar roofing is better at insulation,and your overall heating and cooling needs will also subside.
What’s more is the lower cost of maintenance. The solar roof doesn’t require hefty yearly maintenance every year. They are sturdy enough to endure the extremities throughout the year.
5. The Bigger Picture
Everything we do has an impact on the economy. Anything that supports the economy is profitable for everyone in the long run. The solar industry has become a strong component of the US economy over the past decade. The job growth rate in the industry has outpaced the economy by a staggering 20 times.
More people investing in solar initiatives and installation will eventually improve the economy and create numerous employment opportunities. The benefits aren’t limited to one household or your neighborhood; the profitability is exponential.
Solar roofing is the future. There is no other way to describe it. There are immense profits hidden in this investment, and these profits will only get bigger. One key consideration to keep mind is your choice of roofing company and installation team.