solar roofing

3 Ways A Solar Panel Roof Provides Value to Homeowners

Decades ago, solar panels were created as a means for renewable energy, but very few had access to them.

In more recent years, the option of installing solar panel roofs has become available for the public, and the concept grew popular in no time. 

Many people were on board with the idea of using solar panels to power their homes, but some failed to realize how many benefits actually come with the investment.

More and more residents are stepping away from fossil-fueled electricity and moving towards a more sustainable and affordable energy-reformed era.

The booming residential solar industry is here to stay, and it’s time you get on board.

Reduce or Eliminate Energy Bills

The annual energy costs of households in Ontario vary depending on how much energy is consumed, with the average being about $2,100 per year.

person using calculatorOnce a solar panel roof is installed, the energy generated will reduce or completely eliminate energy costs. The less energy you use from the grid, the lower your energy bills are going to be.

Even though sunny days will produce more solar energy, the panels will continue to pull in energy when the sky is cloudy.

If you draw in more energy than you need, it can either be saved in a solar battery for later or sold back to the national grid in the form of future energy credits.

Plus, with Ottawa having more sunny days each year than a city like Los Angeles, there’s no reason to think that there will be a lack of solar energy.

Earn Tax Credits and Rebates

Many homeowners who invested in solar panel roofs may not have realized that in a few years, their roof will actually be paying them.

Typically, this investment has a payback period of 3-4, and with a lifespan of around 25 years, homeowners will be getting over 20 years of free electricity!

After filing your taxes you’ll receive a federal income tax credit of 25-30 percent of total system costs, meaning you’ll be getting paid back a portion of the money you spend on the solar shingles.

In addition to the tax credit, some cities may provide cash rebates for your solar system, further reducing the cost of your investment.

Increase in Home Value

Having a solar panel roof does in fact increase the value of a home, but the question is, “How much?”blurry house in background with sold sign

The more solar panels on the roof and the more power produced, the higher the value of the home will be. It has been estimated that for every kilowatt of solar energy installed, the value of the home goes up by $6,000.

The percent of value increase also depends on the local demand for solar panel roofs, the amount of kilowatt solar energy installed, and the type of market you’re selling to.

In addition to increasing the value of a home, solar panels also help properties sell faster. Buyers who are looking to reduce electricity bills, save energy and be more environmentally friendly will jump at the opportunity to buy a home with a solar panel roof.

Solar Panel Roof Installation in Ottawa

Thinking of replacing your existing roof with a solar-paneled roof?

With Lg Pro Roofing, replace your current roof with a solar panel roof and power your home for decades with the energy you produce.

Our expert crew has years of unmatched experience that will ensure you get the best possible results.

Contact us today to learn more about our solar roof installation services and get a free, no-obligation quote.

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