Best Ways to Pay for a New Roof

May 19, 2023by Joe0

There are many worthwhile investments a homeowner can make in their property, but none of them offer the function, design impact, and protection of a new roofing system.

From preventing leaks to providing protection against all kinds of weather to capping off your exterior design in the cleanest way to adding compatibility for solar panel installation, now could be a perfect time to fix your roof, or have it replaced entirely.

It’s also important to recognize that unless you’re a qualified roofer with all the equipment ready to go – DIY is never an option here.

In this post, we’ll discuss all of the ways you can pay for your new roof:


Of course, paying outright in cash can be a quick, easy, and reliable option. In some cases, you may be able to negotiate a small discount for paying your invoice immediately or even before work begins, granting you peace of mind as the construction takes place. With a bill of sale, you will retain a perfect record of your payment, protecting both parties. Of course, not everyone may have the exact cash on hand for such a purchase, so only opt for this if it’s convenient.

Home Equity & Credit

If you have good equity, you may be able to establish a loan or line of credit to finance your new roof under favorable terms. This can help borrow against the value of your home, which ultimately ends up supporting itself as a new roof can increase the value of your home when you come to sell. In some cases, this can offer better rates than the conventional methods of financing, but you will need good equity to leverage that.

RPS Metal Roofing & Siding Inc Financing Options

At RPS, we’re proud to offer our clients affordable financing options to help the cost of a brand-new installation seem a little more achievable. With our excellent 9.99% APR 5-year loan you can stretch out the cost while gaining the roof you need now.

In addition, we also have a 12-month same-as-cash option, which offers no interest for 12 months, with all interest waived if you pay within that time. Our loans are designed with transparency, affordability, easy onboarding, and long-term planning in mind. Moreover, you will never need to pay longer than your roof will last, ensuring that the standard of our work serves as the substance behind your financing choice.

Insurance Claims Following Damage

While “wear and tear” policies offered by housing insurance firms have become much more strict in their criteria, you may be able to get help from your homeowner’s insurance company depending on the policy you’re covered by. 

However, in some cases, you may be applicable. For instance, if your house is damaged by trees or local power lines, you may be able to claim that against your policy and fund most of the cost of a brand-new roof, especially if your home has been rendered uninhabitable. 

The worst they can do is deny your claim, so it’s always worth seeing what your options are.

Government Assistance & Eligibility

You may be surprised just how many programs are out there regarding property improvement for families. The FHA Title I Property Improvement Loan, run by the Department of Housing and Development, may help you “improve the basic livability of the property.”

In some cases, low-income assistance and proactive insulation development programs can help you cut some of the cost of a full replacement or partial repair. It’s always worth checking to see what you’re entitled to via your local housing authority  – you may be surprised about what’s on offer.

Never “Cheap Out”

A great roof is like a great pair of boots, if you invest in quality now, you’ll need far fewer replacements over time.

Never cheap out with the most inexpensive quote unless the service has great reviews, as often, you get what you pay for with good roofing. Moreover, more expense now means saved money in repairs and upkeep over time, which can be the wiser financial decision.

If you’d like to see best-in-class, affordable quality, please contact RPS today via our contact form. One of our friendly team will reach out to you at your earliest convenience.


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RPS Metal Roofing & Siding, Inc is a manufacturer and distributor of metal roofs. Located in Welaka, Florida, our company has state-of-the-art manufacturing equipment resulting in fine quality metal roofs for commercial, residential and agricultural use.

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