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Commercial Roofing Replacement: Why It’s a Smart Investment for Your Business

Posted on Wednesday, May 29th, 2024 at 12:45 pm    

A commercial roofing replacement is more than a smart investment for your business. It’s a necessity at some point. Whether your roof is aging or has severe weather-related damages throughout the years, replacing it is required for commercial properties as needed. 

You have building safety regulations to adhere to, along with staff and occupants you must properly protect under your roof. However, taking advantage of a roof replacement can generate greater returns on your commercial property. 

Enhanced Energy Efficiency

A roof replacement removes your existing roofing system and installs a new one. Because newly replaced roofs provide better insulation, they can lower your commercial property’s energy costs. 

For example, commercial metal roof panels are highly reflective materials that direct prolonged sunlight and UV exposure away from your property. On average, metal roofs can reduce cooling costs by 10% to 25%, use 25% to 95% recycled content, and are 100% recyclable. 

ENERGY STAR metal roofing tile products can also save you $0.65/ft2 to $1.11/ft2 in lifetime energy costs, depending on heating and cooling loads. Additionally, ENERGY STAR commercial metal roofing systems may qualify your business for federal investment tax credits (ITC). 

Other government-approved “cool roof” systems include clay, concrete, and slate tiles for energy cost savings.

Increased Roofing System Durability 

With a new commercial roofing replacement, your property will have improved durability and resilience against harsh climate conditions. Your business will likely spend less on repair and maintenance costs because it hasn’t been worn down by prior storms and damages compared to older roofing systems. 

That’s not to say older roofs aren’t as durable or cost-effective. With routine care like seasonal cleanup and post-storm maintenance, you can preserve your roof’s lifespan, especially for newly replaced roofs.

Boosted Commercial Property Value & Tax Deductions

Since a commercial roofing replacement can be considered a capital improvement, your business may qualify for tax deductions. The IRS doesn’t guarantee capital expenses, such as non-voluntary roof replacements from sudden severe damages. However, you may benefit from investing in a roof replacement during tax season to improve your property’s structure.

Roof replacements also increase your commercial property’s appraisal value since it’s a valuable asset. Not to mention, your business gains enhanced curb appeal, attracting tenants, staff, occupants, investors, and consumers with a refreshed property design.

Potential Discounted Property Insurance Premiums

Did you know insurance companies may offer you discounted premium rates for a commercial roofing replacement? Depending on your carrier and policy, insurance providers typically reward their policyholders with a 5% to 35% discount for investing in roof replacements because you’re maintaining a safe and secure property. 

However, in most cases, insurance premium discounts are applied if the roof replacement is voluntary. If your prior roofing system was severely damaged or destroyed, it likely won’t qualify. We always recommend speaking with your roofing provider before contacting your insurance company to retrieve sufficient evidence for your roof replacement claim

Compliant Building Codes & Regulations

As a commercial property owner or manager, you know the significance of adhering to building codes, especially for your roof, since it’s a significant investment. While local regulations may differ, a commercial roofing replacement ensures your business meets current safety and environmental standards.  

Depending on where your property is located, general commercial roof replacement codes likely include:

  • Initial and final roof inspections
  • Municipal permits
  • Wind-resistance strength or additional water drainage systems in storm and flood zones
  • Material-specific installation requirements
  • Historic property preservation guidelines

While regular maintenance is also required, a newly replaced roof can last around 25 years, depending on the materials, and with routine care—giving you peace of mind that your commercial property is compliant, doesn’t pay penalty fees, and prevents liability risks.