Charlotte Roofing: Article About The Economics Of Solar Roofing
More homeowners are considering solar energy because of a blend of economic variables. First, many natural, nonrenewable energy resources are being depleted. Second, homeowners are seeking ways in which to lower their utility bill. Third, federal, state, and many county and local governments offer attractive tax credits, rebates, and incentives to those who use solar energy. Some local utility companies provide incentives and rebates, as well. Speaking with a Charlotte roofing professional may help homeowners to see the financial benefits of solar roofing.
One financial variable that weighs heavily in the decision of whether to install a solar roofing system is where the homeowner lives. This is tied into an important factor that is often not considered: local utility rates. If electricity is expensive locally, then the savings and credit from using solar energy is more significant. With natural, nonrenewable energy resources rapidly diminishing, local utility costs promise to increase. As solar energy technology continues to improve, the costs of solar roofing promises to decrease. This makes solar roofing a reasonable option.
Another economic variable is the cost of installation, which can be daunting. A solar roofing system for a 3,000 square foot home can be anywhere from $25,000 up to $45,000. This front end cost may stop a homeowner from ever embarking upon the project so they never see the savings in reduced monthly bills and the increase in the value of the home.
The professional roofers from Southern Home Services of Charlotte NC would be happy to answer questions about roof repairs or fiber cement siding.
Some financing may be available to offset the cost of installing a solar roofing system.
One way solar roofing pays off is that credits, rebates, and incentives are available for installing it. The federal government gives a tax credit to those who use photovoltaic energy. Many state and local governments offer incentives and rebates for installing solar roofing. Some counties, municipalities, and local utility companies give rebates and incentives as well.
Most homeowners are permitted to sell the unused watts from solar roofing to the local utility company. This is often in the form of a credit. It not unusual for homeowners to see significant credits added to their utility bill, making solar roofing economically worthwhile. In fact, some homeowners can find an overall credit in the utility bill by the end of a year. Through all the fluctuations over the course of a year, solar power pays off.
A roofing expert can give an estimate for how much a solar roofing system may cost. He or she can provide an estimate on how much electricity may be produced and how much may be saved on utility bills by installing a solar roof.