4 Reasons Why You Need to Invest in Quality Solar Roofing
Is Solar Roofing Worth it? 4 Reasons to Invest in a Solar Roofing System
Quality solar roofing is a significant investment for any homeowner or entrepreneur. One might think that it is more of a luxury than a necessity. However, the cost of solar roofing installation has dropped by as much as 70% over the past decade making this energy-saving solution a worthy consideration in homes and commercial buildings.
Granted, solar roofing is still a huge financial investment. But when you view it in the long-term, a one-time purchase is significantly more cost-efficient compared to paying your electricity bills per month. Retail electricity prices have risen over the last decade and the current projection is a 3.6% increase between 2018 and 2019. With the rising prices of natural gas and other fossil fuels, this electricity price hike will not stop any time soon.
So is quality solar roofing a worthy investment? Here are four reasons why you should consider a solar roofing installation for your home or commercial building.
1. Lower energy bills
One of the best reasons to consider a solar roofing investment is that you can reduce and even eliminate your electric bill. If your solar roofing can produce the entirety of the energy needed by your home or commercial building, your energy bills will be virtually nonexistent. In fact, if you actually store an excess of solar energy, it goes back to the grid and you will receive credit from the utility company.
You may think that your monthly electric bill now is affordable, but when you multiply it over time and consider the rising electricity rates, it builds up. A $100 monthly electric bill is $1200 per year and over $12000 in just a decade without factoring rate hikes and adjustments. Having solar roofing installed is a step toward making your property self-sufficient, reducing your contribution to the electricity demand and insulating you from the effects of price hikes and electricity shortages.
2. Return on investment
Not all investments can boast an ROI like that of solar roofing installation. You will need to pay an upfront cost to install the panels and that’s it. The beauty of this type of system is that it uses a free and renewable energy—sunlight. Your solar roof will start paying for itself right after installation. And since electricity prices always go up, you progressively get more value out of your investment as time passes.
3. Government incentives
Using solar energy is beneficial to the environment. The government provides several benefits to residential and commercial property owners as well as contractors and other construction business owners for the continued expansion and adoption of solar energy. These come in the form of tax breaks and financial incentives. The federal government provides a solar tax credit equal to 30% of the cost of the solar roofing installation minus cash rebates.
In addition to the solar benefits provided by the federal government, like property codes and lien laws, incentives vary per state. In Florida, the FL Net Metering program allows property owners to sell any excess energy they harnessed back to the grid. Rooftop solar systems are also exempted from sales tax in the sunshine state.
4. Good for the environment
Arguably the most important reason why solar roofing is worth the investment is its eco-friendliness. Indeed, having almost non-existent electricity bills every month is a good incentive to have solar roofing installed. But beyond the financial benefits, being able to help save the environment and fight climate change even just a little is still a huge win for our planet.
While electricity is invaluable to modern human life, the conventional means to generate it has a negative impact on the environment. According to the U.S. Environmental Protection Agency, electricity production generates the second-largest share of greenhouse gas emissions at 27.5% in 2017. Solar roofing systems use the clean and renewable energy of the sun to produce electricity. By investing in solar roofing, you can reduce the carbon footprint of your property and contribute to a clean and green future.
Quality solar roofing installation requires a significant monetary investment on your part. But when you think about the value it provides not only to your energy savings but also to the environment, it is well worth it.
About the Author:
Chris Woodard is the Co-Founder of Handle.com, where they build software that helps contractors, subcontractors, and material suppliers secure their lien rights and get paid faster by automating the collection process for unpaid construction invoices.