Nearest broker: Searching for a broker nearby…
Nearest broker: , Edmonton, AB Phone: 780.755.0110 5020 Lac St Anne Trail N, Onoway, AB, T0E 1V0 Phone: 780.967.2282 , Edmonton, AB Phone: 825.467.5631 206 Pembina Rd, Sherwood Park, AB, T8H 0L8 Phone: 780-732-8616 10060 Jasper Ave, Edmonton, AB, T5J 3R8 Phone: 780-435-3632 , Calgary, AB Phone: 403-532-4882 322 Avenue C S, Saskatoon, SK, S7M 1N4 Phone: 639-398-4170 5317 50 Ave, Taber, AB, T1G 1V3 Phone: 403-223-2377 110a McLeod Ave, Spruce Grove, AB, T7X 2H8 Phone: 780-571-1144 496 Marquis Rd, Prince Albert, SK, S6V 8B3 Phone: 306-970-8080 335 Hwy Avenue N, Picture Butte, AB, T0K 1V0 Phone: 403-732-6023 2201 Box Springs Blvd NW, Medicine Hat, AB, T1C 0C8 Phone: 403-487-5132 550 Wt Hill Blvd S, Lethbridge, AB, T1J 4Z8 Phone: 403-394-1123 734 13 St N, Lethbridge, AB, T1H 2T1 Phone: 403-328-9114 5 St SE, High River, AB Phone: 403-652-4104 9904 103 St, Fort Saskatchewan, AB, T8L 2C9 Phone: 780-998-0881 201-4271 23 Ave NW, Edmonton, AB, T6L 5Z8 Phone: 780-466-2136 3908 97 St NW, Edmonton, AB, T6E 6N2 Phone: 780-465-6900 8170 50 St NW, Edmonton, AB, T6B 1E6 Phone: 780-469-9378 52 Ave, Drayton Valley, AB Phone: 780-621-1707 1331 Macleod Trail SE, Calgary, AB, T2G 0K3 Phone: 403-278-1050 1331 Macleod Trail SE, Calgary, AB, T2G 1E1 Phone: 403-255-2252 234-7 Westwinds Crescent NE, Calgary, AB, T3J 5H2 Phone: 403-775-2100 , Calgary, AB, T3K 0S8 Phone: 403-719-9995 5114 2 St, Boyle, AB, T0A 0M0 Phone: 780-689-3946 50 Ave, Bonnyville, AB Phone: 780-826-3147 12931 20 Ave, , AB, T0K 0E0 Phone: 403-562-2191 2903 Kingsview Blvd SE, Airdrie, AB, T4A 0C4 Phone: 403-945-8885

Solar Panels: The Effect on Your Insurance

Business Insurance

By Joanne Lemna | May 18, 2017

To encourage the adoption of solar panels the Alberta government recently pledged a $36 million rebate to get an additional 10 000 roofs covered with solar panels over the next three years. This is also expected to create jobs and reduce solar installation costs for both homes and businesses. It will also help reduce Alberta’s greenhouse gas emissions and hopefully be a tipping point for homeowners and businesses to adopt solar panels.

Solar panels installed on home and small businesses are considered to bemicro-generation sites. They receive credits for the energy they provide to the grid with facilities generating under 150 kilowatts credited at retail rates on a monthly basis while systems producing over 150 kilowatts are credited on an hourly basis at a wholesale market price. Smaller micro-generators can also opt to install a meter and be credited at the hourly wholesale market price.

Why do you need insurance for solar panels?

The Insurance Bureau of Canada released abrochurein response to Ontario’s microFIT solar energy program. They point out that insurance coverage is needed to protect your investment from loss or damage from theft fire wind and other causes loss of income if power generation is stopped and liability for any damage or loss to a third party. Their advice is totalk to your broker– and that is an excellent idea if you’re considering installing solar panels.

Solar Panel Insurance

In addition to the warranties that many companies selling solar panels offer your investment can be protected by insurance. Most insurers count solar panels as part of the value of the home or business though some companies also offer separate endorsements to better cover this addition. For example Aviva offers the Green Home Power endorsement. This covers damage and breakdown of your solar panels as well as business interruption if you supply power to the local grid for a low cost.

Contact yourinsurance brokerfor more information about how solar panels can affect your insurance.

Get A Quote From A-WIN

Get the best insurance deals and stay on budget.

Get A Quote

Life Events - It's Time to Reassess Your Insurance

Whether it’s heading off to university or deciding to start your own business,...


Rogers Insurance and CapriCMW merge to become Acera Insurance.

A-WIN Insurance is part of the Rogers Insurance Group.

Click to learn more about how this merger will impact A-WIN Insurance. Our branches will remain independently owned and operated.