Green Roofs Financial

Read on for a quick overview of programs.

Green roofs financial.

Green roofing can extend the lifespan of a roof by over 200 by covering the waterproofing membrane with growing medium and vegetation this shields the membrane from ultra violet radiation and physical damage. Often there is a financial benefit too particularly with green roof systems. Roof repair or replacement is a costly endeavor. New york city for instance recently passed a law that provides a one year tax abatement of 4 50 per square foot for buildings that install a green roof on at least half of their rooftop space.

Provided that other cities follow suit you might be seeing more and more roof gardens. However you don t have to feel overwhelmed or alone. As a national pace financing leader ygrene brings clean energy and sustainable home improvement projects to life. Green roofs for healthy cities is working with local partners in a number of cities to develop cost effective direct and indirect financial support for green roof and wall implementation that meets local regional needs.

With the initial cost of installing a green roof in mind there are many financial benefits that accompany green roofing. Green roofs typically cost two to three times more than a non green roof. The incentives from each technology can be applied to the entire system to dramatically reduce a customer s initial investment. Green roofs improve the insulation qualities of a roof which reduces heat flow and cooling loads that can greatly decrease building energy costs.

Find out whether you can qualify today. Several communities in germany encourage green roofs by providing grants loans or other support. For one as with many other green strategies new rebates and tax deductions are cropping up that can help ease the financial burden. New york city for example has a pilot program encouraging the installation of green roofs by offering tax abatements.

Often the financial aspects of installing a new roof or repairing your existing roof are so overwhelming that a healthy roof may seem like an impossible goal. Although green roofs are not simple or cheap many cities recognize that long term benefits outweigh the initial cost concerns. There are numerous financial incentives in nyc and other cities that encourage the construction of green roofs and solar systems. Besides available federal and local tax incentives or grants green roofs offer substantial energy savings that can reduce costs elsewhere.