Does home insurance cover solar panels?

Wear and tear is a standard exclusion for home insurance policies, which also applies to solar panels. This means you won't be able to make a claim if your panels degrade over time. Keeping your panels well-maintained is important for getting the best results from your system.

How much does solar panel home insurance cost?

The annual cost of solar panel home insurance ranges from £118 to £152, which seems reasonable compared to the potential risks. Once you decide to install solar panels, inform your home insurer. Solar panels contribute to rebuilding your home's value, so it's important to list them in the insurance coverage.

What is solar panel insurance & how does it work?

Solar panel insurance shields homeowners from financial losses due to damage, theft, or other unforeseen events affecting their solar energy systems. Let's dive into solar panel insurance in the UK and see how it can keep your roof (and your bank account) happy. What is not covered by solar panel insurance?

Do you need commercial solar panel insurance?

Comprehensive commercial solar panel insurance protects the investment if a business owns the panels. When solar panels are leased, the responsibility for insurance typically falls on the panel owner. The next key point revolves around the heightened liability risks associated with commercial solar panel systems.

Should I pay more for my insurance after installing solar panels?

Paying more for your insurance after having the panels fitted is not always a bad thing! It might be that your provider has included the value of the solar panels in the rebuild cost of your home – this is the amount your house is insured for and so how much you’d be paid in the event of damage to your home.

Should I tell my insurance if I have solar panels?

It’s a good idea to let your insurer know if you are making any significant home improvements that may affect the structure such as fitting solar panels. This is mainly because your home may be at greater risk from damage or theft while the work is being completed, particularly if you have scaffolding up.