Do you need photovoltaic insurance?

The photovoltaic insurance protects against expensive damage. A PV system is a valuable investment that should be insured like a car or house. Although solar systems require little maintenance, components can break down and a weather event such as heavy hail damages even the best system.

Why is insurance important for photovoltaic plant operations?

Insurance is important to several aspects of photovoltaic (PV) plant operations. Insurance is often a prerequisite for financing, operating permits, interconnection agreements, and leases or as part of a power purchase agreement for an on-site PV system. The history of insurance for PV systems is short compared to other types of assets.

What is solar panel insurance?

Solar panel insurance is a policy that protects your solar panel system from a range of occurrences, which can help you keep solar panel costs to a minimum. You’ll usually be covered for everything from natural disasters to theft, though probably not for accidental damage – so keep your roof gymnastics to a minimum.

When should a PV system be insured?

Normally, a PV system is insured immediately after construction, or when purchased. The insurance is then based on the value of the equipment in new condition. With each year of operation, the real value of a PV system decreases. There are numerous insurances for PV systems.

Are solar panels covered by home insurance?

You’ll usually be covered for everything from natural disasters to theft, though probably not for accidental damage – so keep your roof gymnastics to a minimum. The addition of solar panels may increase the cost of your home insurance, but not by much.

What is PV warranty insurance?

The video is not available. Check out in 140 seconds how you will benefit from our PV Warranty Insurance for up to 30 years. Our PV Warranty Insurance is straightforward and effective: manufacturers protect their ability to pay excessive warranty claims on modules for a period of 25 years (up to 30 years for glass-glass modules).