A guide to solar panels and how they’ll affect your insurance

A guide to solar panels and how they’ll affect your insurance

Thinking about getting solar panels? Our guide will tell you everything you need to know, as well as how they’ll affect your insurance. 

Chris King From the Home team
3
minute read
posted

How much do solar panels cost to fit?

Solar panels are more affordable than ever before. Depending on their size, type and energy efficiency, they cost anywhere between £1,500 and £8,000 to fit. 

How much do solar panels cost to fit?

How long do solar panels last? 

Once installed, solar panels need little maintenance and can last 25 years or more. Keeping the panels clean and out of tree shadows will help. 

Will solar panels affect the value of my home?

Given the high cost of installing solar panels, doing so is only really worth it if you’re planning to stay in your home a long time. 

While some people worry that solar panels will devalue their home, lots of buyers will see the benefits, including: 

  • lower electricity bills  
  • ‘feed-in tariff’ payments
  • solar panels are durable and low maintenance
  • solar panels may raise your home’s Energy Performance Certificate (EPC) value
Will solar panels affect the value of my home?

I’m getting solar panels – do I need to tell my insurance provider?

It’s sensible to contact your insurance provider before you go ahead and install them and ask how solar panels will affect your insurance. 

I’m getting solar panels – do I need to tell my insurance provider?

Will my insurance cover me for solar panels? 

The good news is that many insurance providers will tell you that they are covered and there’s no change required to policy or premium. However there have been cases of people being refused insurance after fitting them, so do check. 

Which insurance policy covers solar panels?

Most solar panels will be covered under your buildings insurance, as they’re part of the fabric of the house. So, it’s wise to make sure the sum insured is enough to replace them if it ever came to it. 

My insurance provider is refusing to insure my solar panels. What should I do?

Don’t panic. Shop around as there are plenty of insurance providers who will cover you.

At Compare the Market you can easily compare the costs of home insurance and save money – 50% of our customers save £81 with us, while 10% could save up to £249*. Why not see if you could save? 

*Based on online independent research by Consumer Intelligence during May 2018, 50% of consumers could save up to £81 and 10% could save up to £249 on their buildings and contents insurance premium.
My insurance provider is refusing to insure my solar panels. What should I do?

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