How A Metal Roof Can Save You Money In The Short and Long-Term
When selecting a new roof to place on a building, the owner is faced with an increasing variety of roofing options. Recently, the two most popular roofing options an owner is faced with are an asphalt roof and a metal roof. While asphalt roofing remains the most popular roofing material, metal roofing has increased in demand by about 3% per year over the last three years in the residential retrofit market. This increase in metal roofing demand is certainly a result of the increased knowledge about the benefits of metal roofing. Savvy homeowners are realizing that the larger initial investment for a metal roof, when compared to an asphalt roof, results in both immediate benefits and long-term savings.
Immediately upon the installation of metal roof, many homeowners can reap the benefits. Due to inherent qualities of metal, along with coatings that are often bonded to the roof’s surface, metal roofs can reflect and re-emit nearly 90% of solar radiation. This is starkly different from asphalt shingles, which will absorb solar radiation and transfer heat generated into the interior of the building and your HVAC will in turn have to consume more energy to keep your home at a stable temperature. In a report by the Cool Metal Roofing Coalition and the Oak Ridge National Laboratory, installation of reflective metal roofing can save your home up to 40% in summer cooling energy.
In addition to savings from energy efficiency, you can save money with a metal roof in the short term in many other ways. The 2017 Remodeling Impact Report is an in-depth study that ranks the efficacy of major interior and exterior remodeling projects. According to the National Association of REALTORS, installing a new roof is the top ranked exterior project to appeal to buyers and the top ranked project to add value to a home for resale. In fact, installing a new roof adds enough value to a home that 45% of REALTORS have suggested sellers add new roofing before attempting to sell, with an impressive 32% claiming that a new roof most recently helped clinch a deal for them, resulting in a closed sale. Also, homeowners who retrofit their home with metal roofing are able to recoup an extremely high rate of the roof’s cost, 85.9% according to national averages, with homes in the Eastern states recouping up to 95.5%. Homes with a metal roof see, on average, up to 6% resale value gain over homes roofed with asphalt.
Lastly, homeowners who choose a metal roof often save on their home insurance over other roofing options. In some states, such as Texas, homeowners with a metal roof can save up to 35% on home insurance.
The long-term benefits of a metal roof have been confirmed time and time again. Simply put, a metal roof will last almost three times longer than an asphalt roof. Statistically, asphalt roofs will need to be replaced every 15 to 20 years. Alternatively, many metal roofs consistently last longer than their typical 50-year warranty. Thus, a homeowner who opts for asphalt shingles will spend much more over a 50-year span than if they would have chosen a metal roof. In addition to their longer life span, metal roofs have been proven to require very little maintenance. This provides another advantage over asphalt shingles, which often require maintenance due to broken shingles, algae growth and deteriorating shingles.
Year after year, more and more homeowners are beginning to choose metal roofing. This is attributed to the many benefits in the short-term, as well as the overwhelming savings in the long-term.
To learn more about the benefits of metal roofing, or more information on Principio Metal System’s shingle panel system, please call 970.712.0758 or complete our contact form.