Insurance for your home and contents
Phone: See: realinsurance.com.au/
www.realinsurance.com.au

The concern of alternative ways to save energy, solar power hasn’t quite gained acceptance as you would think in the past, but as of late, incentives to “go green” to use solar power for one’s house are starting to gain attention from homeowners. Such incentives include home insurance companies offering discounts to install solar panels, federal tax breaks to claim as a deduction for home solar installations, and state tax incentives as well.

This move has doubled the residential solar energy industry in one year. This resulted even in a creation of jobs and has even been popularized in the commercial industry, too.

In some cases, installing solar panels might not work for you and might not be in your best interests to do so. There are some factors you would have to consider when it comes to determining whether installing solar panels would be in your best interests.

For instance, there’s the amount of sunlight that you’re getting in your area. If you live in Alaska, there’s minimum sunlight, that means 6 months of darkness where your solar panels would be useless, but if you lived in Arizona, there’s plenty of sunlight to be had. Also, you have to consider the size of your home, apparently solar panels do not “scale” to the size of your home, thus forcing the homeowner to accessories and purchase a battery storage device which can increase costs, and you wind up spending more than what it’s worth. You also have to consider your power source. If you’re in a remote area that’s powered by an antiquated power plant, then using solar panels might make a difference, however, if you live in a green-driven community powered by wind turbine generators, putting up solar panels would defeat the purpose. Finally, there’s affordability, some people don’t have the funds to pay for it and some home insurance policies might consider this a liability.

But, if all the conditions to install solar panels are indeed in your best interests, then have at it! You might want to check with your home insurance company, because some consider it a liability because you’re more than likely to file a claim for damage done to solar equipment in an area known for thunderstorms. Some insurance companies might see adding solar panels as increasing the value of the house and thus increasing their premiums. However, some home insurance companies might view environmentally friendly homeowners as less of a liability.

home insurance, solar power, solar power insurance, Solar Power Systems

• Lightway Solar Australia Pty Ltd
• SolarGen
• Byron Solar
• SolarWorks211
• New England Solar Power
• Green Energy Trading
• Solar Sailor
• AGL
• Hidden Valley
• Solar Power Australia