Most homeowners pay for roof replacements through one of five funding sources: cash, insurance claim, home-equity loan, contractor financing, or government rebate program.
Most homeowners pay for roof replacements through one of five funding sources: cash, insurance claim, home-equity loan, contractor financing, or government rebate program.
Cash
Best value — no interest cost — but ties up liquidity.
Insurance Claim
Storm-driven replacements (hail, wind, tree impact) are typically covered minus deductible and depreciation. Average out-of-pocket: $2,500-$5,000.
Home Equity Loan / HELOC
Typically 6-9% APR, tax-deductible interest. Good for proactive (non-emergency) replacements.
Contractor Financing
Most major contractors offer 12-24 month 0% APR through programs like Synchrony or GreenSky. Rates after promotional period can hit 21%+ APR — read terms carefully.