Upgrading your roof and adding solar panels at the same time can be a smart move, both financially and practically. Here are some key points to consider:
Steps to consider
- Cost Efficiency: Combining roof replacement with solar panel installation can save you money. The average cost of replacing a roof is around $10,000, while installing solar panels can cost about $19,000. Doing both together might reduce the total cost to approximately $25,000, saving you around $4,000.
- Timing and Lifespan: Solar panels typically last 25-30 years, similar to the lifespan of a new roof. By upgrading both simultaneously, you avoid the future hassle and cost of removing and reinstalling solar panels when your roof needs replacement.
- Increased Home Value: Homes with solar panels often sell for a premium. A study found that buyers are willing to pay about $15,000 more for a home with an average-sized solar array.
- Tax Incentives and Rebates: You may be eligible for federal tax credits and other incentives, which can significantly reduce the overall cost of your solar installation.
- Optimal Performance: Ensure your roof is in good condition and suitable for solar panels. South-facing roofs with a slope between 15 and 40 degrees are ideal, but other orientations can work too
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