Whether you’re dealing with residential, commercial or industrial roofing contractors, the discussion about a roofing replacement or installation will eventually go toward the budget. The situation for commercial and industrial buildings, however, is different from residential houses, because homeowners tend to shoulder the cost of a full reroofing.
A roof replacement is not a minor home improvement project. It’s for this reason that it’s important to understand the many financing options you have to get a new roof over your home. Let our experts at Great Lakes Roofing and Siding walk you through a few tips on how to get started financing your brand-new roof.
Check With Your Contractors
Many residential and commercial roofing contractors offer their own in-house finance options to help homeowners get started on a roof replacement. Having your budget go through the same contractor saves you some trouble when consolidating the details of your project. Don’t hesitate to ask your local contractor if they offer this option the next time you have a consultation with them.
Tax Rebates and Credits
Upgrading your roof with energy efficient materials can qualify you for some tax credits and rebates. Check your listing at the Database of State Incentives for Renewable Energy (DSIRE) to take advantage of your state or local area’s incentives. The Department of Energy also lists incentives for homeowners who are looking to improve the efficiency of their homes and their website can give you more information.
The Best Financing Option
Both homeowners and residential roofing contractors agree, however, that the best way to finance a new roof is still with savings. Experts recommend starting a roofing fund years ahead of your estimated replacement. Saving up money for this project frees you from any loans and interests that other options might have, however, it is also understandable that this route does not apply to all homes.
At Great Lakes Roofing and Siding, we are your leading provider of roofing and siding replacement, as well as other exterior remodeling services. Give us a call at (877) 938-9318 or fill out our contact form to schedule a consultation and request a free estimate today.