Some of the Most Common Roof Financing Options

A new roof can improve the appeal, value, and energy efficiency of your home. It can also increase your protection against harsh outdoor elements. However, roofing can involve significant costs, which you have to prepare for. Fortunately, there are different payment options available that will allow you to pay in installments. 

Read on to learn about some of the most common financing options for roofing replacement. 

Cash

If you can afford it, you can pay your project costs in cash. This is a great option as it can help you avoid spending more on interests. However, this type of financing is not for all homeowners, especially for major home improvement projects. 

Company Financing

Many residential and commercial roofing companies work with financing institutions to help you manage your roofing cost. Each company selects banks that they’re going to work with and the financing terms that they’re going to offer their clients. Companies offering financing options can extend special promotions that are better than banks and other lenders.  They get special rates from banks due to the lending volume and these perks can be passed to their clients. 

Our Flexible Financing Options

At Kingdom Roofing, we work with Ygrene to offer you flexible and simple financing options. Ygrene partners with your city to offer complete financing for energy-saving upgrades to your home. This financing option is applicable for energy-efficient and water-efficient upgrades, renewable energy and in some areas, hurricane-protection improvements. For instance, you may apply for this option if you want to get solar panels or a roofing system installed. 

With Ygrene, you don’t need to worry about upfront costs. The cost of your project can also be spread out in terms of up to 30 years. It can be repaid with your property taxes, meaning your payment tax may be deductible. This can save you up to at least 50 percent over conventional bank and credit card financing options once tax and energy savings are included in.  

In certain cases, when you put your home on the market, the payment may be passed on to the new owner. This means that you only paid what you use. Moreover, approval will not be based on your credit score, employment or financial statements. You also don’t have to pay anything for up to 29 months. 

At Kingdom Roofing, we offer quality residential roof repair and installation services. Don’t hesitate to get in touch with our team for more questions about our flexible payment options. We offer roof repair, installation and more. Call us at (941) 263-8699 or fill out our contact form to get a quote.