{"id":2043,"date":"2023-04-04T11:36:23","date_gmt":"2023-04-04T10:36:23","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/quilter\/?p=2043"},"modified":"2023-04-04T11:36:33","modified_gmt":"2023-04-04T10:36:33","slug":"insuring-your-solar-panels","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/quilter\/2023\/04\/04\/insuring-your-solar-panels\/","title":{"rendered":"Insuring your solar panels?"},"content":{"rendered":"
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More people are installing solar panels to their homes, spurred on by environmental concerns or the prospect of reduced reliance on the National Grid. Putting thousands of pounds on your roof can boost the value of your property, but do solar panels affect your home insurance?<\/strong><\/p>\n<\/div>\n\n

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Come rain or\u2026<\/strong><\/p>\n<\/div>\n\n

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Having emerged in the 1950s, solar technology has come a long way; more than a tenth of the UK electricity supply now comes from solar power in the summer months1<\/sup>. Moreover, contrary to popular opinion, solar panels are not only effective in fair weather: they typically generate between 10% and 25% of their standard power output on non-sunny days.<\/p>\n<\/div>\n\n

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Is solar worth it?<\/strong><\/p>\n<\/div>\n\n

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The initial outlay for installing solar panels is often significant, though many studies point to the longer-term benefits of the investment. With energy bills sky high and forecast to rise further, the average household with solar panels is estimated to save between \u00a3210 and \u00a3514 per year2<\/sup>. Additionally, panels can earn you cash for electricity generated that you don\u2019t use.<\/p>\n<\/div>\n\n

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Home insurance impacts<\/strong><\/p>\n<\/div>\n\n

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Most home insurance policies now include solar panels as standard. Insurers consider solar panels to be part of your house, no different from the roof or walls, which means they are usually fully covered by buildings insurance. Since solar panels are usually included as standard, it shouldn\u2019t cost anything extra to get them insured.<\/p>\n<\/div>\n\n

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Even so, it\u2019s always best to check with your insurer. Indeed, keeping your insurer up to date on any significant changes to your property is good practice anyway as it helps them know exactly what\u2019s included in the structure of your home.<\/p>\n<\/div>\n\n

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1<\/sup>Government Energy Trends Report, September 2022<\/p>\n<\/div>\n\n

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2<\/sup>Energy Saving Trust, 2022<\/p>\n<\/div>\n\n

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It is important to take professional advice before making any decision relating to your personal finances. Information within this article is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

More people are installing solar panels to their homes, spurred on by environmental concerns or the prospect of reduced reliance on the National Grid. Putting thousands of pounds on your roof can boost the value of your property, but do solar panels affect your home insurance? Come rain or\u2026 Having emerged in the 1950s, solar […]<\/p>\n","protected":false},"author":12,"featured_media":2045,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,34],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/2043"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/comments?post=2043"}],"version-history":[{"count":2,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/2043\/revisions"}],"predecessor-version":[{"id":2047,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/posts\/2043\/revisions\/2047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media\/2045"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/media?parent=2043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/categories?post=2043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/tags?post=2043"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/quilter\/wp-json\/wp\/v2\/hd_content_source?post=2043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}