The new roof revolution in California and the financing that is feeding It

An inside look at the trend of homeowners in California who are using new financing options to replace their roofs


Imagine if you could finally replace that old leaky roof like you've always wanted to do but have been putting off for lack of funds. It turns out that most California homeowners are not putting it off, and neither should you.

The upswing in new roofs

If you think the recent roof revolution is just a figment of your imagination, think again. There has been a sharp upswing in roof replacements in California, and experts expect those numbers to keep climbing.

Feeding the roof revolution

Where exactly are all these homeowners getting the funds to replace their roofs? The California roof revolution is being fed in large part by a surge of new as well as known financing options.


Find out if you are eligible for PACE roof financing

5,428 have already checked and 78% were eligible

Options Californians are using to replace their roof

Home improvement loans from banks or credit unions

Although this option has been around for a while, competition among banks has recently led to better terms and lower interest rates. This has become one of the best ways to finance your project if you are looking for an option way that's quick, easy and secure.

Personal Loans

These are new unsecured loans that you can get approved fairly quickly. Once approved, you will receive the money almost immediately. The interest rates are mostly fixed, but some offer variable rates. Personal loans usually span between 1 and 7 years. The two main things you need to know are how much you want to borrow and more importantly, how much you can afford to pay back each month.

Home Equity

These are home improvement loans that allow you to borrow up to a certain percentage of your home's value minus what you owe on your mortgage. This option is easy to qualify for and requires no money down. It’s best suited for borrowing larger sums with relatively low interest rates, and for longer terms, which makes it the most ideal option for a major project.

Contractor Packages

Many contractors offer financing packages to customers who may be unable to pay the full cost of a project upfront. This method is convenient as you can pay over a specified period of up to 12 years, and many contractors will also offer an interest-free option.

Roof constructors building a roof with orange shinglesfamily time in a living room tent Roofing constructor building a roof with red shingles

PACE Government supported program

The Property Assessed Clean Energy, or PACE as it is known, is a government-supported loan program for financing energy efficiency and improvements on private property.

PACE offers the following advantages

  • Prequalified in under 30 minutes
  • 100% financing
  • 0 money down
  • No payments for up to 1 year
  • Up to 25 years to pay back
  • Loan based on your home’s equity
  • Repay with your property taxes
  • No minimum FICO required

This is a great option that offers homeowners a way to finance their project even with a low credit score and with the ability to pay it back through their property tax.

Tax Exemptions

Many home improvements qualify for federal, state and local tax exemptions.

  • Energy efficiency and generation
  • Medically required improvements
  • Renovations funded by home improvement loans
  • Capital investments
  • Capital gains
  • Local property exemptions

The Clear Upside

ROI - A new roof will automatically increase your home's value. The estimated return on investment for a new roof is 85% or more, which is one of the highest 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.

return on investment

Master Suite Addition

40%

New Roof

85%

Sunroom Addition

48%

Backyard Patio

47%

Window Replacement

77%

Bathroom Addition

59%

The new experts

One of the most surprising trends in California is that homeowners are finding the ideal financing option by asking an expert - no not their buddies at work. It turns out that roof professionals are also home financing experts who are well versed in all the different options and are in the best position to guide you through them in an unbiased way.