Installing solar panels? Keep them and your home protected with Project Solar's trusted insurance partner.
If you're considering adding solar panels to your home, you might be wondering how that decision affects your homeowner’s insurance. Will your current policy cover the panels? Will your premiums go up? And what should you look for in an insurance provider when going solar? Here’s what you need to know:
- Does Homeowners Insurance Cover Solar Panels?
- Do Solar Panels Affect Homeowners Insurance Rates?
- Florida Homeowners Insurance and Solar Panels
- Protect Your Home & Solar Investment with a Trusted Insurance Partner
Does Homeowners Insurance Cover Solar Panels?
Most homeowners insurance policies do cover solar panels installed on your property, but it's important to confirm the details with your insurance provider. Coverage typically applies to common risks like theft, fire, and storm damage—but may exclude damage caused by improper installation or lack of maintenance.
That’s why it's essential to choose a qualified installer. Project Solar can help by connecting you with a vetted install partner to ensure the system is installed correctly and up to code.
Do Solar Panels Affect Homeowners Insurance Rates?
Installing solar panels usually has a minimal effect on your insurance premiums. In some cases, insurers may slightly increase your rates due to the added value to your home. However, certain insurance providers may actually offer discounts for solar-equipped homes, viewing them as more resilient and energy-efficient.
Florida Homeowners Insurance and Solar Panels
When it comes to homeowners insurance in Florida, keep in mind that hurricanes can be a concern. Luckily, under the Renewable Energy Source Device Coverage statute, Florida homeowners insurance providers must offer coverage for solar panels. However, the specific terms and conditions of coverage might differ among insurance providers. It's important to review your policy and ask your provider any questions you may have about solar panel coverage.
Protect Your Home & Solar Investment with a Trusted Insurance Partner
To simplify and streamline this process, Project Solar has teamed up with Comparion Insurance Agency, a trusted company offering customized insurance solutions for consumers.
When it comes to insurance options, personalized solutions and flexibility are key.
Comparion Agents have access to offerings from a variety of providers to ensure your new system is properly protected. Plus, they live and work right in your local community, so they understand your coverage needs and are committed to personalized insurance advice.
Comparion offers specific policies designed with solar panel coverage in mind. If you’re going solar with Project Solar, Comparion can help ensure your new system is properly protected under your homeowners insurance—so you can move forward with confidence.
To learn more about your options with Project Solar and Comparion, contact our team.