If your building is suffering from a cracked or deteriorated roof, you may be considering a commercial roof restoration project. There are many benefits to this type of project, including cost, lifespan, and tax advantages. But do you know why restoration is the best option for your building? In this article, we’ll discuss the reasons why you should consider this option and some other advantages of doing so. Read on to learn more!
Tax advantages
Considering the potential tax benefits of commercial roof restoration? While many roof restoration projects can be written off as maintenance expenses, others can qualify as improvements and can be deducted in the year they’re completed. In some cases, the cost of the roof restoration can be written off in full, with the exception of if it’s a total replacement, in which case the cost must be capitalized over 39 years. Thankfully, roof coatings can qualify for these tax benefits.
Tax advantages of commercial roof restoration include the fact that a project involving the replacement of the roof can be financed through the building maintenance budget, meaning the project does not count as an additional expense. Furthermore, a restoration project can make a building more energy efficient, which can help it earn LEED or ENERGY STAR credits. Tax advantages are not limited to the tax benefits, though. Commercial roof restorations can also elevate a building’s safety level and may qualify for a Class A fire rating. Insurance costs may also decrease with this upgrade.
Cost
If you’re looking for an energy-efficient roofing solution without the high cost of a complete new roof, consider a Commercial Roof Restoration project. These projects utilize liquid-applied roofing products over the existing roof, resulting in a seamless new roof membrane. They can even save you up to 30% on your energy bill compared to a traditional replacement. Added UV protection can also lower your costs by $1 to $2 per square foot.
Major repairs involve extensive electrical, plumbing, HVAC, or engineering work. They may also require permits and inspections. If you have a building with no HVAC or cooling system, you may need to hire a professional to repair your roof. Some of these repairs may involve structural failures or a complete renovation of the roof’s structure. Additionally, you may need to address safety hazards related to the roof. These projects can cost up to $7000.
Lifespan
Whether your roof is a commercial or residential structure, the life expectancy varies significantly from one material to the next. In general, a commercial roof should last between 25 and 50 years, though there are some exceptions. For example, some roofs are more prone to water damage than others, as flat roofs are generally more susceptible to moisture. In addition, pitched roofs tend to be more difficult to maintain, which can reduce their life expectancy.
While roof replacement involves the removal of the entire roof, commercial roof restoration requires the underlying roofing system to be intact. Unlike roof replacement, restoration can improve the quality and sustainability of the existing roofing system. Older roofs can lead to structural problems, mold growth, and health issues for tenants. Additionally, moisture can damage the underlying layer, including wiring. A new roof can also improve energy efficiency. It’s a win-win solution for both the building and its tenants.
Reusability
Reusability of commercial roof restoration systems means that they can be applied to a wide variety of substrates and fully encapsulate roof surfaces. This makes it more sustainable than replacement. This type of roof restoration also enables businesses to reduce the amount of waste generated by their existing roof, as millions of tons of roofing materials end up in landfills every year. There are many benefits to commercial roof restoration, including increased energy efficiency, and it may even help businesses earn credits under the ENERGY STAR program.
The most important benefit of a re-roofing project is its reduced disruption. Unlike roof replacement, a restoration job takes only a fraction of the time. Thus, the business owner’s downtime is reduced. Furthermore, the sooner the roof restoration is completed, the more successful it will be in the long run. Listed below are seven tips to make your re-roofing project a less arduous one:
Energy efficiency
A poorly insulated roof can waste up to 50% of the energy a building uses to stay comfortable. Proper insulation improves a building’s energy efficiency and helps keep the HVAC system from running overdrive. Commercial roof restoration can significantly reduce cooling costs and improve building temperature control. It also requires less noise than a full roof replacement. Learn more about the benefits of commercial roof restoration. And contact a local professional to learn more.
There are many benefits to energy efficiency. Not only can it save money, it’s also good for the environment. Millions of tons of roofing waste end up in landfills each year. Energy-efficient roof restoration not only preserves the existing roof, but it can also make a building more energy-efficient and qualify for ENERGY STAR and LEED credits. You can even reduce the amount of water that runs off your roof by installing rainwater tanks.