In today’s age, solar energy products have become more and more popular. In relation to risks, the insurance industry offers the following coverage.

Solar Energy Hazards

Solar Energy usage is a growing alternate to traditional modes of energy. Some homeowners build their own solar heating systems to work partially or completely with the sun’s energy. Others buy already manufactured solar systems. There are also those that sell the solar energy excess to the local utility provider they are linked with.

Associated risks involve:

• Breakdown of combustible material adjacent to collectors
• Exposure to natural element damages (i.e. wind, rock, hail)
• Theft of systems composed of copper and glass
• Vandalism of systems composed of copper and glass

Insurance companies do differ in the manner in which they calculate homeowners premiums in regard to solar energy. So discussing your particular situation with an experienced agency that deals with many of the leading carriers is an important determining factor.  

Solar Energy Products, Solar Installer Insurance Policies

Companies that manufacture or install made-to-order solar collectors, do so in order to heat air or water or to produce electricity for homes, swimming pools or commercial buildings.

Regardless of the intended use, solar energy businesses require insurance policies that incorporate commercial general liability, products liability, and/or completed operations liability, bailees insurance coverage.

For more on insurance as it relates to solar energy, speak to a qualified independent agency.

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Summary: Solar energy is a great alternative for both home and business owners. Here's the question: what are the insurance options for residences, businesses as well as installers?