Updated: Dec 1, 2021
If you’re installing a new roof on your home, it’s an ideal time to go solar. Here are the reasons why:
· Solar panels generally last 25 – 30 years, and depending on the material used, and so can your roof. For example, a properly maintained asphalt shingle roof can last 20 years or more. A concrete, clay or tile roof can last for 25 – 50 years. When you install solar panels on a new roof, it’s unlikely you’ll ever need to remove the solar panels and re-roof during the lifetime of the system. This is important because removing and reinstalling solar panels is costly.
· Since solar panels are more durable than the materials used for roofing, they can protect your roof from the wear and tear of the elements and extend the lifespan of the roof space they cover.
· You’ll reap the benefits of solar power for decades, decreasing or even eliminating your electric bill. There are few expenses after the initial installation, and over time the solar panels pay for themselves.
· Solar panels can increase the value of your home. This is especially true in states with high energy costs, such as Connecticut.
· Federal and state incentives and rebates make installing solar panels more affordable. The federal residential solar energy tax credit can be claimed on federal income taxes for a percentage of the cost of installation. For systems installed in 2020 – 2022, there is a 26% tax credit. For systems installed in 2023, the tax credit is 22%, but the credit will be eliminated in 2024 unless Congress extends it. In addition, there are different financing options available. Some solar loans require no money down and monthly payments may be less than what you’re paying monthly for your electric bill. It’s a win-win!
So, if your roof is at the end of its expected life, it’s well worth considering solar panels when you install a new roof. It’s an investment that will benefit you far into the future.
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