, it takes roughly 11 years to break even on a solar panel investment. For example, if your solar installation cost is $16,000 and the system helps you conserve $2,000 annually on energy bills, then your payback period will be around eight years. For most homeowners in the U.
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Solar panel insurance cost per year fluctuates from $100 to $1,000. Much depends on the insurance company itself, the size of the solar installation, the location of the property where it is located, the required coverage options, and its limitations.
All you have to do to obtain home insurance for solar panels is call your insurance company and let them know you want to add your solar installation to your home insurance policy. You will need to name the amount for which you will insure the solar panels.
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