If you're paying attention, you will notice that many Californians have been getting new roofs lately. Replacing the roof of your home is crucial and it has many advantages, such as safety, ROI and curb appeal.
The vast majority of homeowners in California have no idea that they too might be eligible for a government supported program that will finance their new roof.
While a small number are taking advantage of the PACE program, it turns out that most homeowners don't even know that it exists, and out of the few that do, an even smaller number know that you can use it to finance a new roof.
Find out if you are eligible for PACE roof financing
5,428 have already checked and 78% were eligible
The Property Assessed Clean Energy program, or PACE as it is known, is a government supported loan program for financing energy efficiency and improvements on private property. PACE programs exist for both residential property, referred to as R-PACE and commercial properties referred to as C-PACE.
One of the most important steps to knowing whether you qualify for PACE is getting an estimate of the cost of replacing your roof. Luckily, most roofing experts today are offering free estimates that will let you know exactly what the new roof will cost, as well as how long it will take to replace it.
The roof over our heads is one of the most underappreciated components of our lives. It’s easy to forget that we’re comfortably insulated from the rain, sun, wind, hail, snow and pests while we remain safe and cozy inside our homes. Homeowners would be wise to invest in their roofs, not only for personal comfort but to elevate their home’s overall value.
There are numerous advantages of a new roof:
ROI - A new roof will automatically increase your home's value. The estimated return on investment for a new roof is 85% or more, one of the highest that home improvement has to offer. That means if you spend around $7,500 on a new roof, you will get almost all of it back when you sell your home.
Master Suite Addition40%
Energy Savings - A big advantage of replacing your roof is the energy and in turn, the money, that you will save. Energy cost savings can be as high as 20%, depending on the climate and electricity rates. There are cool roofs for hot climates and performance roofs for cold climates. If you live in a warm climate area, a cool roof will absorb less heat and can be up to 60° e cooler than conventional materials. An energy efficient roof will also reduce air pollution and greenhouse gas emissions.
Curb Appeal – Yes, looks matter, and sometimes there is no better reason to get a new roof other than the fact that it will make your home look good, really good.
If you haven't replaced your roof in the last 20 years, it's probably best to get an expert to look at it. Most roof experts will give you a free estimate. Thanks to PACE, California homeowners are no longer waiting for it to rain in their living rooms.