One of the most common questions homeowners ask before installing a solar panel system on their home is, "how it will affect my homeowner's insurance?"

The good news is that in most cases, a rooftop-mounted solar panel system will be covered as part of your existing home insurance policy. But, there are some things to consider.

The first thing you need to do is contact your insurance agent to verify your policy will cover solar panels. Once you’ve done that, ask about the specifics of your policy in regard to solar panel systems to see if there are any exclusions or other limitations you may need to be aware of. Each insurance company is different and although a new system may be covered, it’s important to find out the details so you can make an informed decision.

Do I Need A Separate Policy?

While most insurance policies cover roof-top mounted solar panel systems, there may be some instances where you would need to obtain either a separate insurance policy or an add-on/rider to your existing policy.

The determining factor is where the system is installed. If you have a ground mounted system that is separate from your home, you’ll probably need a separate policy. Or, if your system is mounted on a carport or anywhere else other than your main dwelling, you’ll probably need obtain separate coverage. Your insurance agent can help you determine which is right for you according to the terms of your policy.

Will My Premiums Go Up?

This is the biggest question most homeowners have regarding insurance. In most cases, the answer is no, but that also depends on how much existing coverage you have and whether or not it can absorb the additional liability.

A home solar system is a big investment, and you need to be sure that should you suffer the total loss of your home, there is enough in your policy to cover its replacement. For some homeowners, additional coverage may be necessary and that will raise your premiums slightly. For others, your existing policy may provide more than enough coverage.  

So, the answer to whether or not a solar panel system will raise your home insurance premiums is something you will have to decide for yourself after consulting with your insurance agent.

Solar Panel Durability and The Shine Promise

Of course, the entire reason for insurance is to cover any damage that may occur to your solar panel system. While not indestructible, you can rest assured that Shine only installs the best Tier 1 solar panels that are designed to withstand high winds, water, ice and even hail without damage. Furthermore, we back up our workmanship with the Shine Promise that guarantees if within the first 12 years of your solar installation, you experience maintenance issues due to a faulty installation, we will return and make any necessary repairs, free of charge.

So, whether it’s your home insurance policy or the Shine Promise, we’ve got you covered. Call us today at 844-80-SHINE and let us show you how easy it is to virtually eliminate your electric bill and become energy independent.