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ROOFING FOR THE SOL
ROOFING FOR THE SOLⓇ
Benefits of Roof + Solar:
Compare Cash, Finance
MONEY
Compare Cash and Finance Options
Payback Schedule Roof + Solar
Cash and Financed
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Roof, Cash
Roof + Solar, cash
Roof + Solar, financed
Roof, financed
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Pay Cash
Asphalt Shingle Roof
Cash
Buying a roof is an expense. You spend an estimated $21k and it turns into a roof. You can see above, on day 1 you are net negative an estimated $21k.
FINANCE A ROOF WITH CASH:
Asphalt Shingle Roof
Finance
Financing a roof is an expense that keeps on taking. With a 10-year, 5% loan on $21k, you will end up paying an extra $10k+ in loan fees, but your house will be warm and dry. You can see above at the end of your roof you are net negative $32,409.
FINANCE A ROOF:
Get a Loan
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Pay Cash
BUY A ROOF + SOLAR WITH CASH:
Asphalt Shingle Roof + Solar
Cash
Buying a roof with solar is an investment. It pays you back for what you spend on it and then keeps paying you once it has paid itself off.
And your house is warm and dry. You can see above that in the life of your roof you are net positive over $32,000.
Asphalt Shingle Roof + Solar
Finance
Financing a roof with solar is also an investment. In this option, when you consider the monthly energy earnings, you will pay less for a roof + solar than you will for a roof alone. You can see above at the end of your roof's life, you are net positive about $18,867.
FINANCE A ROOF + SOLAR:
Get a Loan
Payback Schedule Roof + Solar
Cash
Roof, Cash
Roof + Solar, cash
This is the difference of $ in your pocket after 25 years when you buy a roof vs when you buy a roof with solar. It's about $53,000.
You could buy a Tesla model 3 with that money and breathe easier knowing you'll save another $1,000/ year on gas and maintenance.
Payback Schedule Roof + Solar
Financed
Roof + Solar, financed
Roof, financed
This is the difference of $ in your pocket after 25 years when you finance a roof vs when you finance a roof with solar. It's about $49,000.
With that money you could put a down payment on your vacation home!
When you know the facts, the decision is easy.
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