Making any significant investment in your Florida home requires careful consideration, including roof replacement. You would have to consider the following before investing in your house long-term
- Affordability: Anyone planning a home investment would want affordable equipment that doesn’t cost an exorbitant price.
- Low maintenance: Equipment that would not need servicing, maintenance bill payment. Being high maintenance could harm your income and time
- Long span: The equipment should take a lot of years before replacement.
If not a new roof with solar power, then what?
Why Should You Replace Your Roof Alongside A Solar Panel?
Having partnered with roofers, solar installation companies now provide a 30% discount on any new roofs in any solar installation you want to do with rooftop replacement. This discount is available because the roofing company wouldn’t charge any customer acquisition cost.
What is more, your house has more value among buyers. In a report by Lawrence Berkeley National Laboratory, homebuyers value houses with solar panels better than houses that don’t. Therefore, solar-powered homes sell faster than traditional homes. Homebuyers can even pay as much as $15000 if the home has an average-sized solar array. When you are looking to sell the house over the long term, having solar installed will fetch you some extra bucks. Also, going solar reduces your monthly expenses. Since the sun powers solar panels, you won’t have to pay electricity bills.
Solar Panel Costs in Florida
Solar panels are sold in watts. Your choice and budget would determine how many watts of solar panel you want to purchase. As of November 2021, the average cost of getting an FL solar panel in South Florida is $2.73/W.
The gross average cost for buying 5 kilowatts of a FL solar panel costs $13,650 and $27,300 for 10 kilowatts. However, with numerous federal, state, and local incentives like Federal Investment Tax Credit ITC, you may end up paying much less.
However, owning a solar array can be unaffordable if you don’t have the income required. Completing both roof and solar array replacements is even costlier. But you have options.
You can seek a loan from a traditional financial institution and own your solar power. However, you may not be in support of a loan. Then, you can sign a power purchase agreement (PPA) with a solar company. This company will install solar arrays into your home and sell the power to you at a rate lower than the retail utility rate. You are even doing the planet earth a good by reducing carbon emission.
The USA Move Towards Decarbonization By Promoting Solar Power
To decarbonize the electricity sector and ensure a greener planet, the USA government has started promoting the use of Solar power. They plan to install at least 70 gigawatts per year for the next decade, of which solar installation in homes will represent 30 gigawatts. Achieving this in the next decade will vastly reduce carbon emissions and drive towards climate change.
You can support the climate change movement and move towards greener earth by purchasing your solar panel now.