4 Ways to Finance Your Roofing Project

Finding the ideal roof that will enhance your home’s appeal and durability is important, and so is the financing. While a venturing into a roof replacement project can be costly, there are systems to help you get through the materials and labor payments. Let Earl W. Johnston Roofing, LLC discuss financing models that can help:

1. Credit Card Financing

A no-interest credit card can be a solid option for financing your residential roofing in Hollywood, Florida. As much as possible, avoid using this card for other payments unrelated to the project. We also recommend breaking up the cost into 12 monthly payments. Be careful and organized when using this method.

2. Property Assessed Clean Energy (PACE)

PACE is a Property Assessed Clean Energy program. This innovative property-based financing is based on the equity you have in your home, not personal credit. It was created by national energy finance leaders in partnership with state and local governments to encourage energy efficiency while creating jobs. It’s easy to apply, complete your projects, and repay on your property taxes over the course of up to 25 years.

3. Government Rebates and Loans

You can turn to Federal Housing Administration (FHA) Title I loans to finance your home improvement projects, including your new roofing in Hollywood, FL. You should have a good credit and limited home equity to qualify.

If your roof is energy-efficient, be sure to look into the Database of State Incentives for Renewable Energy (DSIRE). It is an institution that grants local, state, utility, and federal incentives for energy-efficient home projects. You can also check out the Department of Energy for rebates and tax credits.

4. Savings

Finally, drawing from your savings can be an ideal way to pay off a roofing project. If you expect that you will need a replacement in a few years, start leaving a part of your monthly income for the project. This will be a huge help when it’s time to settle your roof bills. Paying a quarter or a third of the total price with your savings will make a significant difference.

As the trusted name in residential and commercial roofing in Ft. Lauderdale, FL, we highly recommend learning about these options in advance. This is so you can better finance your roofing project. You can also turn to us for affordable and quality roofing solutions. Call us at (954) 989-7794 for more information.