Atlanta enjoys quite a lot of sunlight, and that might have gotten you thinking about solar panels. If you’re thinking about going green and adding solar panels to your house, you’re probably bracing yourself for the price tag. Those panels are expensive, after all. And since they cost quite a bit, your concern might be how you’re going to protect them. Does home insurance cover solar panels? Will they be protected by your Atlanta home insurance? We’ll explain what you need to know.
Does home insurance cover solar panels?
So, good news –
Rooftop panels are typically considered to be permanent attachments on the house, so your home insurance policy should cover them. You may not need any specific “extra” coverages. The solar panels, if they’re on the roof of the dwelling, may be covered under the “dwelling” section of your home insurance policy.
However, since the solar panels are likely very expensive, it’s important to make sure that they’re fully covered. You may need to raise your limits of home insurance to make sure you have enough coverage to truly cover the solar panels.
At any rate, it’s important to talk to your agent to see what your particular policy says and how it handles solar panels. They can also go over your coverage limits and help you make sure you have enough coverage. Be sure to ask what perils your solar panels are protected against – are there any exclusions or types of damage that wouldn’t be covered?
(And while you’re at it, you can ask about your deductible and how much it would be.)
Another consideration –
It may make a difference if you’re installing ground-mounted panels versus rooftop panels. It’s definitely something to ask about – if you’re getting ground-mounted panels, you may need a separate policy for them or you may need to add a rider to your policy.
Basically, make sure that you have the coverage you need to by talking things over with your agent. It’s important to make sure to protect your investment.
What are the benefits of having solar panels?
There are a few reasons to consider getting solar panels. Though you might be worried about the cost, there are plenty of benefits to go along with them.
- You can save money on your electricity bill
- You can sell electricity back to the power company
- It’s environmentally friendly because solar power is a renewable resource
- You may be able to get a tax credit
Don’t forget to look at your city’s guidelines.
Another thing you need to remember is to check to see what your city says about solar panels – do they have any guidelines? What do you need to know about installing them as a homeowner in your city? Will your HOA object? Be mindful of any restrictions, rules, and so on that could apply to you.
So, there you have it. Your home insurance generally covers rooftop panels because they’re usually considered to be a permanent attachment on your home. Be sure to talk to your agent to make sure you have high enough limits of insurance to fully protect your solar panels. There are lots of reasons to go green – you can really help the environment by taking advantage of the renewable resource of solar energy.
Get started with insurance quotes by filling out our online form, calling us, or messaging us on LiveChat. Our team of insurance experts would be happy to help you get the Atlanta home insurance that’s right for you.