Could a Metal Roof Save You Money on Two Monthly Bills?

With living costs rising, many homeowners are looking for practical ways to cut expenses. Some home improvements can trim more than one monthly bill, and while they may cost more at the start, the long-term savings can be significant.

This is not about adding solar panels, though that can help too. One of the more overlooked ways to save is by switching to a metal roof.

What a Metal Roof Costs and What It Can Save

A metal roof is not a budget upgrade. HomeHero Roofing says the average price for a 2,000-square-foot home is $36,512, which is much higher than asphalt shingles. The higher cost comes from more labor and more expensive materials.

Still, it may be a smart choice for homeowners planning to stay put for years. U.S. News says metal roofs can last 40 to 70 years, compared with 15 to 30 years for asphalt roofs.

HFS Financial notes that a metal roof can raise a home’s resale value by as much as 10%. If you sell later, the Journal of Light Construction says you may recover 50% or more of the installation cost.

Cooler Interiors Can Mean Lower Electric Bills

One of the biggest savings may come from reduced electricity use.

“Metal roofs can reflect more of the heat, or radiant energy, from the sun, and they cool down faster at night, so they can help keep your home’s interior cooler in the summer,” said Andre Kazimierski, co-owner and president at HomeHero Roofing. “That means a lower AC bill and a more comfortable home.”

The Metal Roofing Alliance estimates energy savings of 10% to 40%. If your electric bill is $150 a month with asphalt shingles, a metal roof could lower it to between $90 and $135.

Potentially Lower Insurance Costs

Insurance may be the other monthly bill that goes down, since insurers often see metal roofs as lower risk.

“Metal roofs are generally considered to be more weather-resistant than most other roof types,” Kazimierski said.

“They are less likely to be blown off due to high winds, and they are fireproof. Because of that, they protect your home better from extreme weather, and as a result of that they can often lower your home insurance costs.”

A More Affordable Alternative That Can Also Cut Two Bills

If replacing the roof is not in the budget, or if you want a less expensive improvement, a pressure reducing valve may be worth considering. This often overlooked upgrade can also affect two monthly bills.

“Most homes are experiencing water pressure at 80 to 150 PSI, but fixtures and appliances are built to work best at 50 to 60 PSI,” said Jon Graham, CEO of Element Plumbing, Heating & Air.

“This means that you have excess water coming out of each and every faucet, toilet fill valve, washing machine inlet and dishwasher inlet all at once, and your water bill will reflect this.”

Graham says installing a pressure reducing valve typically costs between $300 and $600. After installation, water use may drop by 18% or more.

That can mean a smaller water bill, and because less hot water is needed, it may also reduce energy costs.

So, Is a Metal Roof Worth It?

For homeowners planning to stay in their homes long term, a metal roof can make sense through lower energy costs, possible insurance savings and added resale value.

Start by getting several quotes, asking your insurer how a metal roof would affect your premium and checking for any utility rebates. If a full roof replacement is still out of reach, a pressure reducing valve can be a more affordable first step.