Protecting Your Renewable Energy Investment in the Garden State

Solar panels are a significant investment for New Jersey homeowners, offering long-term energy savings and environmental benefits. However, extreme weather, equipment malfunctions, and liability risks can threaten your system’s value. Understanding insurance coverage options ensures your solar array remains protected and your peace of mind intact.  

Four key coverage types safeguard solar installations:  

Property Insurance: Covers physical damage from storms, hail, or fallen trees (common in NJ’s nor’easters).  

Liability Coverage: Protects against lawsuits if panels cause injury/property damage.  

Equipment Breakdown Insurance: Addresses inverter or battery failures.  

Loss of Income Protection: Compensates for energy revenue loss during repairs (critical for NJ’s SREC programs).  

NJ-specific tip: Many policies require endorsements for full solar coverage don’t assume standard homeowners insurance suffices.  

Q: Does NJ homeowners insurance automatically cover solar panels?  

A: Rarely. Most carriers require a separate endorsement or rider, especially for ground-mounted systems.  

Q: Are leased panels covered under my policy?

A: Typically no lease agreements often place responsibility on the homeowner. Review contracts carefully.  

Q: How does NJ’s weather impact premiums?  

A: Coastal areas may see higher rates due to hurricane risks, but storm-resistant panel certifications can lower costs.