facebook icon Pink Energy Panels pink energy smart pixel gif

Do Solar Panels Increase Home Insurance?

July 23rd, 2021 | By Roger Kuznia


Installing a solar panel system on your home is an excellent investment for homeowners. Since solar panels can potentially increase your home’s value, you might need to increase your home insurance policy to cover the panels in the event of a casualty loss. Solar panels offer multiple environmental and financial benefits, so adding them to your homeowner’s insurance policy can help you protect your investment. Read this blog to learn how solar panels may affect home insurance.

Should I Insure My Solar Panels?

Every year in the United States, people across the country experience year-round extreme weather conditions, including hurricanes, tornadoes, blizzards, and more. Although solar panels are built to endure all kinds of weather conditions, insuring them can add an extra sense of comfort. Insurance can potentially save you money in the long run should nature wreak havoc and damage your system.

Are Solar Panels Covered By Home Insurance?

Your current insurance policy might already cover solar panels because rooftop solar panels are considered part of your home. If your current policy does not cover them, many insurers will incorporate them into your existing policy for little or no added cost.

However, all insurers are different, so be sure to check your policy or with your insurance agent to determine eligibility and coverage limits. Note that if you choose a ground-mounted solar system, your insurer may decide not to add it to your existing policy because it is not attached to your home.

How Do I Choose An Insurance Policy That Covers My Solar Panels?

If your current policy does not cover your solar panels, then you might want to consider raising the coverage limit on your home. The added value of your solar system combined with the current value of your home could exceed your current coverage limit, especially if your home value has risen significantly in recent months and years. Contact your insurance agent for more information.

The good news is that the solar market is mature enough that insurers know how to handle solar panels, and the panels themselves require little maintenance and typically come with minimum 25-year warranties6. Many insurance companies consider solar panels a safe choice to insure because of their durability.

Ready to Add Solar Power to Your Home?

With Pink Energy’s innovative solar program, qualified homeowners can go solar for $0 up-front cost, potentially save money on their electric bills and generate clean energy for their home. The solar panels installed on your home are American-made and come with a minimum 25-year product warranty6, with many solar panels expected to last well beyond that.

Contact Pink Energy to request a free quote, and one of our solar representatives will help you determine whether your home qualifies for this program.

Editor's Pick

FOR GENERAC PRODUCT ISSUES: 800-396-1281 | solarsupport@generac.com