Allstate solar energy

Are solar panels covered by insurance?

However, it's important to communicate with your insurance company to check for exclusions or perils that may not be covered. Solar panels generally come with a warranty, and qualified solar panel installers will likely warranty their work. Do solar panels often get damaged?

Do solar panels increase insurance rates?

If you're going to increase the coverage amount due to the added value of the solar panels, you can expect your rates to increase slightly. However, the cost of carrying more insurance coverage is usually minimal compared to the added amount of protection you'll have in the event of a claim.

Are solar panels a good investment in Florida?

With Florida’s sunny climate, solar panels usually reach a higher energy output than in many other regions of the country, which can result in more excess energy production. Our team researched the local solar market to learn more about incentives available in Florida.

Can you save money on solar installation in Florida?

To see if you can save money on solar installation in Florida, the MarketWatch Guides team researched the state’s top solar incentives. Florida offers sales tax and property tax exemptions for solar panel systems. Homeowners can combine both incentives with the 30% federal solar tax credit for additional savings.

How much does a 6 kW solar system cost in Florida?

A 6 kW home solar system has a typical price of $19,860 in Florida, but the net cost drops to $13,902 after applying the 30% federal tax credit. If your solar panels saved you $1,490 per year, you could achieve a payback period of 9.3 years.

Do I need to insure a leased solar energy system?

Many companies offer leasing options that allow users to install a solar power system at little or no up-front cost. The important distinction is that you do not own the system. In most cases, this means that you are not required to insure a leased solar energy system or worry about upkeep.