August 1, 2017

Solar Panels and Insurance

With carbon dioxide levels at their highest in 650,000 years, important measures should be taken to reduce our carbon footprint and conserve energy. As a homeowner, installing solar panels for your home can reduce your carbon footprint. You can save on your electric bill, increase your home value and even generate passive income, depending on your state’s incentive programs. However, what does installing solar panels mean for your insurance?

At Providence Mutual, we support proactive policyholders who reduce their carbon footprint and generate clean, renewable energy. If you have recently purchased, leased or installed solar panels, take some time to review your coverage limits with your agent.

Finally, keep in mind that towns and homeowners associations may have restrictions and limits regarding solar energy systems. Contact your town or association to determine the permits, if any, you should obtain associated with solar energy installation.

The description herein is a summary only, and does not include all terms, conditions and exclusions of the coverage described. Please refer to the actual policy for complete details of coverage and exclusions. Not all insurance coverage or products available in all states and issuance of coverage is subject to underwriting.