Home Insurance Solar Panels
Most home insurance plans cover panels because a system is considered as part of your dwelling. Here are a few points to consider: Depending on your insurer, certain types of installations might require an add-on or separate policy such as ground-mounted solar.
Follow this outline of some of the qualifications, potential tax breaks and possible financing to decide whether solar panels might be a good fit. After getting estimates from several installers, the McRorys bought a 15-panel rooftop system that went online last June. A month later, their electric bill dropped to $18. Andy had also recently purchased an electric car, meaning he was now using solar to power his home and car. He expects the system to pay for itself in about eight years.
Solar Panels And Homeowners Insurance Many homeowners are making the move to solar energy in their homes. The addition of solar panels offers a wide array of benefits to your home. You may be wondering how solar panels and homeowners insurance influence your decision.
Installing solar panels on your home is a huge job, and different insurers look at it in various ways. In some cases, an insurer will be willing to cover the installation process. If you want additional peace of mind surrounding the installation of your panels, be sure to work with an experienced and licensed solar company.
Once your solar panels are installed, it is important to speak with your insurance agent to help make sure the panels are included in the coverage for your home. Taking the time to protect your investment in solar energy is the final step in creating a brighter future for the environment and a lighter energy bill for your home.
Solar Panel Insurance FAQ 5 questions to ask about home insurance for solar panels. If you are considering purchasing solar panels for your home, you are in good company. In 2018, a new solar project was installed every 100 seconds. Researchers project the number will continue to rise.