A common question regarding these panels is whether your existing insurance policy covers them.

Will my homeowners insurance cover solar panels. The good news is that a lot of the time they are covered as standard by home insurance policies. Preventing Solar Panel Claims Ideally your solar panels will enjoy their full lifespan usually 25 to 30 years and effectively eliminate your energy bill. Yes most insurers cover solar panels as long as the cause of damage is covered by your policy.

Putting solar panels on your home is a significant decision but one that will reduce your energy bills for years to come. This means there will be no change in your policy and your premiums wont go up. Because a solar panel system is either bolted to your roof or mounted in your backyard on a fixed structure it is typically considered to be part of your premises and therefore covered by your homeowners policy.

But if your solar panels are destroyed or damaged as the result of a flood hurricane or earthquake you will usually not be covered. Yes most home insurance policies do cover rooftop solar panels. Depending on whether you lease or buy your solar panels can make a difference in your insurance policy.

If youve added solar panels or are thinking of doing so give your provider a call. By installing solar panels you are enabling your house to produce its own electricity. Solar panels that arent attached to your home such as ground-mounted panels may be covered by your homeowners insurance policy under other structures coverage.

If you find out that your insurance company doesnt cover solar panels it may be time to shop around for a new policy. However since solar is worth thousands or even tens of thousands of dollars and can add around 10000 to 30000 of value to your home we might recommend raising your coverage limit to cover the cost of your home with the solar panel system. Solar panel insurance coverage is included in most homeowners insurance policies which means no separate solar panel insurance is needed.

Your insurance premium will likely increase. In addition these panels will increase your property value helping you to maximize your profits when the time comes to sell. This means most homeowners policies will provide coverage and that you will not need a separate solar panel insurance policy.