We all know the importance of protecting our valuable assets with proper insurance coverage. The same rule applies to rooftop solar panels. With an upfront installation cost varying between $25,000 and $35,000, a solar energy system, no doubt, is a pricey undertaking. Even if a small part of the structure gets damaged, you may have to go for a complete replacement. If you happen to live in a hurricane-prone region like Florida where high winds and floods are commonplace, it would be natural for you to be concerned about the safety of your solar investment. But fear not, because you can avail your homeowners’ insurance policies to cover your solar panel structures against any damages, according to the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL). Since all the parts of a solar energy installation, including the arrays installed on the roof, are considered a permanent part of your home, they deserve the protection of insurance coverage. If you are considering the option of embracing solar, first review your home owners’ policy to find whether it provides adequate financial coverage for your solar panels. While going through it, take note of the following points:
Opting for solar energy is a significant step toward a greener future. However, you must also protect your solar panel with the insurance it needs. Contact us when you decide to embrace the solar advantage.