There are several benefits to roofing contractors diversifying into this growing market.
Homeowners who want to live more sustainably don’t just install energy-efficient windows and buy LED lightbulbs. They are looking for renewable energy sources for their homes. Solar roofing is one of them.
Like metal roofing services, now roofing contractors should start considering providing solar roofing installation to their customers as the solar roofing industry has a bright future. With increasing electricity prices, more and more people are considering solar options to meet their needs.
Key Points to Consider
Solar Roofing Growth:
- Solar Market Expansion: Solar marketing is on a remarkable growth trajectory and is projected to reach nearly $1 billion by 2025.
- Home Adoption: By 2030, over 15% of U.S. homes are expected to utilize solar systems for energy production.
- Global Interest: The popularity of solar energy is spreading globally, encompassing various components such as panels, shingles, tiles, racking, inverters, and batteries for storage.
Profitability:
- New Revenue Stream: Embracing solar roofing can create a fresh revenue source for roofing contractors.
- Demonstrating Benefits: Educate customers on the advantages of solar roofing, such as significant annual cost savings and environmentally friendly energy production.
- Longevity and Returns: Solar systems can operate efficiently for up to 25 years, with a potential investment payback period of six to ten years. Net metering can accelerate returns by sending unused solar power to the utility grid, which is reflected in monthly billing as credits.
- Electric Vehicle Charging: Solar-generated energy can lower the cost of charging electric vehicles, presenting additional savings.
Getting Started:
- Seizing Opportunities: Roofing contractors should explore the potential of providing solar roofing installations to generate extra revenue.
- Training Resources: Training opportunities are available from various sources, including companies specializing in solar roofing, and even the Department of Energy offers training opportunities to encourage solar energy.
- Sourcing Components: Solar components can be obtained from local solar system providers, or contractors can choose to maintain their stock for direct customer sales.
In conclusion, the future of solar roofs shines brightly for roofing contractors. With homeowners increasingly inclined towards sustainable living and renewable energy sources, the demand for solar roofing is rising. The prospect of solar energy powering electric vehicle charging further enhances the attractiveness of solar roofing. As the industry grows, roofing contractors can explore training opportunities and collaborate with local solar system providers to kickstart their journey into this promising field.