How to Pay for Your Roof Replacement or Repair
Replacing or repairing your roof is one of the most important investments you’ll make in your home — but that doesn’t mean you should have to pay for it all at once.
At Everlast Energy & Roofing, we make it simple to choose the best way to fund your project based on your financial comfort and long-term goals. Most of the families we help prefer a plan that lets them protect their home now while spreading the cost out over time — and that’s exactly what we help you do.
Below are the six most common ways homeowners in Connecticut fund their roofing projects.
Option 1: Pay with Cash
You own your roof outright immediately.
No interest
Often allows for faster project scheduling.
For some, paying in cash brings peace of mind. For others, it’s smarter to keep savings intact and leverage financing instead.
Option 2: Our Financing Options
Sunlight Financial is one of the nation’s top home-improvement lenders. Through our partnership, you can:
Get approved in minutes — right from your phone or tablet.
Choose from low-interest, fixed-rate plans.
Defer payments for 12 months (on qualifying plans).
Terms ranging from 3 - 15 years
Borrow up to $50,000 with no collateral required.
No prepayment penalties— pay it off early anytime.
Homeowners who don’t want to use home equity.
Anyone who prefers predictable monthly payments.
Those who want to take advantage of current promotions like “No Payments for 12 Months.”
FAQs:
Will getting pre-qualified affect my credit?
No — Sunlight only does a soft credit check during pre-approval.
How long does approval take?
Most customers receive instant approval during the appointment.
What happens after I’m approved?
Once you select your loan term, your roof project can start right away.
Can I make a down payment?
Yes- Making down payments will reduce your principal and interest costs
Option 3: Home Equity Line of Credit (HELOC) with Figure Finance
With Figure Finance, you can unlock your home’s equity to fund your roof project — completely online, with approval in minutes and funding in as little as five days.
A HELOC lets you borrow against the value of your home, but Figure has made the process fast, digital, and stress-free.
Fixed-rate HELOC (unlike traditional variable-rate options).
No in-person appraisal for most applicants
Approval in minutes, funding in as little as five days.
Transparent terms and no hidden fees.
Use funds for your roof, solar, or other home projects.
You can consolidate your other debts so that you only have one payment
Homeowners with existing equity in their home.
Those looking for lower rates than personal loans.
Clients comfortable using their home’s value strategically.
FAQs:
How much can I borrow with Figure?
Depending on your credit and equity, loans typically range from $20,000–$400,000.
Is the rate fixed or variable?
Figure’s HELOC offers a fixed rate with predictable monthly payments.
Will I need an appraisal?
Not usually — Figure uses advanced home valuation tools for instant approval.
Option 4: Combo of Cash + Financing
Sometimes the smartest approach is a mix of both.
To keep monthly payments low while reducing total interest.
To use savings strategically without emptying reserves.
To stay flexible — pay part upfront, finance the rest.
You might pay $5,000 upfront and finance the remaining $10,000 — keeping your budget balanced while still getting your roof done right away.
Option 5: Using Homeowners Insurance
In certain situations, your insurance company may cover roof repairs or replacements.
Storm damage (wind, hail, falling debris).
Leaks or structural issues caused by a covered peril.
Roofs that fail due to sudden, accidental events.
FAQs:
Will filing a claim raise my premiums?
Not necessarily. If it’s your first claim or caused by an act of nature, it often won’t.
What would make my claim denied?
Most commonly, wear-and-tear or lack of maintenance.
Can you help with the insurance process?
Yes — we regularly work with insurers and can help document the damage for your claim.
Option 6: Go Solar
If you’re already considering solar, this can be one of the most efficient ways to pay for your roof.
When you go solar with Everlast, you can bundle your roof replacement into your solar project — financing both together for one simple monthly payment.
Solar financing can cover the cost of a new roof.
You’ll generate your own energy while offsetting payments with utility savings.
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Choosing the Right Option
It’s our job to help you find the smartest financial path forward — whether that means paying in full, financing, or using a mix of both.
We’ll walk you through each option, calculate payments, and help you qualify during your free roof assessment.
| Financing Option | Best For | Key Benefits | Typical Funding Speed | Upfront Cost | Common Loan Features |
|---|---|---|---|---|---|
| Cash | Homeowners who want to pay in full and avoid financing | No interest, no paperwork, fastest scheduling | Immediate | 100% paid upfront | No ongoing payments |
| Sunlight Financial | Homeowners who prefer easy, low monthly payments | No money down, instant approval, fixed rates, no payments for 12 months | Same day approval | $0 | Fixed rate, no prepayment penalties |
| Figure Finance HELOC | Homeowners with equity who want flexible access to funds | Fixed-rate HELOC, 100% online, funding in 5 days, no hidden fees | 3–5 business days | None (uses equity) | Fixed rate, use funds as needed |
| Combo of Cash + Financing | Homeowners who want to lower total interest while keeping cash reserves | Pay less interest, smaller loan, flexible payment structure | Same day (for financing portion) | Partial | Split between cash and loan |
| Homeowners Insurance | Homeowners with storm or accidental damage | May cover full or partial cost, minimal out-of-pocket expense | Varies (based on claim) | Usually deductible only | Coverage depends on cause of damage |
| Go Solar | Homeowners planning to install solar | Bundles roof + solar into one project and energy savings offset cost | 1–2 weeks | $0 if financed | Single payment |
