{"id":20208,"date":"2018-08-18T05:00:46","date_gmt":"2018-08-18T12:00:46","guid":{"rendered":"https:\/\/www.yardi.com\/blog\/?p=20208"},"modified":"2020-12-25T01:15:03","modified_gmt":"2020-12-25T09:15:03","slug":"solar-panel-insurance","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/","title":{"rendered":"CA’s New Solar Panel Law\u00a0"},"content":{"rendered":"

Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule is part of the state\u2019s commitment to cut greenhouse gases. It will go into effect in the next two years.\u00a0<\/span><\/p>\n

Under the new law, developers must either equip individual homes with solar panels or build a shared solar-power system serving a group of homes. The rooftop panels can either be owned or made available for lease on a monthly basis. But are they covered by an insurance policy?\u00a0\"insuring<\/a><\/span><\/p>\n

Insuring the Vision<\/strong><\/p>\n

Here\u2019s what the folks at the Insurance Information Institute have put together:\u00a0<\/span><\/p>\n

Most solar panels are considered a permanent attachment (like a deck) and thus are protected by a homeowner\u2019s policy. However, check with your insurance company to know for sure. Another thing \u00a0to consider is the coverage amount\u2014your insurance policy\u2019s coverage limit is the maximum amount that will be paid toward covering a loss. Ensure you have the adequate coverage limit, because despite the significant contraction in the cost of solar panels, it\u2019s still not negligible.\u00a0\u00a0<\/span><\/p>\n

Your premiums will suffer. Some carriers allow solar energy systems owners to purchase an optional endorsement just for the panels. Others include the coverage in the dwelling coverage (coverage A) if the panels are on the roof of the home or under coverage B if the panels are on the ground or on the roof of a detached structure.\u00a0\u00a0<\/span><\/p>\n

Leasing the solar panels can make a big difference in your policy: if you install a system with a lease or power purchase agreement (PPA), you are not the owner of the system. In this case, the company with whom you have the agreement owns the panels and is responsible for their maintenance. \u00a0You won\u2019t have to worry about your home insurance covering solar panels.\u00a0\u00a0<\/span><\/p>\n

New Challenges for Fire Departments<\/strong><\/p>\n

There are some other risks associated with solar panels of which you should be aware. If a home catches fire, solar panels are a real challenge for firefighters. The photo-voltaic arrays have an increased risk of electrocutions, slips and falls.<\/p>\n

\u201cAs solar-power systems continue to proliferate, the likelihood of firefighters encountering them at a structural fire will similarly increase,\u201d is stated in a study by the Fore Protection Research Foundation in 2013. \u201cThere isn\u2019t really a place to send first responders for hands-on practice with any emergency that has to do with solar panels,\u201d added assistant fire chief David Klee.\u00a0<\/span><\/p>\n

As a result, fire departments are implementing new programs to learn how to handle solar panels.\u00a0\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule is part of the state\u2019s commitment to cut greenhouse gases. It will go into effect in the next two years.\u00a0 Under the new law, developers must either equip individual homes with […]<\/p>\n","protected":false},"author":237,"featured_media":20209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[2155,200,1904,386,1675],"class_list":["post-20208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-insurance","tag-renters-insurance","tag-solar-panels","tag-solar-power","tag-yardi-energy"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CA's New Solar Panel Law\u00a0\" \/>\n<meta property=\"og:description\" content=\"Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Blog\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-18T12:00:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-25T09:15:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"693\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anca Gagiuc\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/\",\"url\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/\",\"name\":\"CA's New Solar Panel Law\u00a0 - Yardi Corporate Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg\",\"datePublished\":\"2018-08-18T12:00:46+00:00\",\"dateModified\":\"2020-12-25T09:15:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"description\":\"Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule\",\"breadcrumb\":{\"@id\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#primaryimage\",\"url\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg\",\"contentUrl\":\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg\",\"width\":1000,\"height\":693,\"caption\":\"insuring solar panels in multifamily housing\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.yardi.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CA’s New Solar Panel Law\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#website\",\"url\":\"https:\/\/www.yardi.com\/blog\/\",\"name\":\"Yardi Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.yardi.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\/\/www.yardi.com\/blog\/author\/anca-gagiuc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yardi Blog","description":"Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"CA's New Solar Panel Law\u00a0","og_description":"Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule","og_url":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/","og_site_name":"Yardi Blog","article_published_time":"2018-08-18T12:00:46+00:00","article_modified_time":"2020-12-25T09:15:03+00:00","og_image":[{"width":1000,"height":693,"url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg","type":"image\/jpeg"}],"author":"Anca Gagiuc","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Anca Gagiuc","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/","url":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/","name":"CA's New Solar Panel Law\u00a0 - Yardi Corporate Blog","isPartOf":{"@id":"https:\/\/www.yardi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#primaryimage"},"image":{"@id":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#primaryimage"},"thumbnailUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg","datePublished":"2018-08-18T12:00:46+00:00","dateModified":"2020-12-25T09:15:03+00:00","author":{"@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"description":"Not long ago, California became the first state to require that all new homes have solar power: single-family and multifamily properties alike. The rule","breadcrumb":{"@id":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#primaryimage","url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg","contentUrl":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg","width":1000,"height":693,"caption":"insuring solar panels in multifamily housing"},{"@type":"BreadcrumbList","@id":"https:\/\/www.yardi.com\/blog\/solar-panel-insurance\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.yardi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"CA’s New Solar Panel Law\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/www.yardi.com\/blog\/#website","url":"https:\/\/www.yardi.com\/blog\/","name":"Yardi Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.yardi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7","name":"Anca Gagiuc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.yardi.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","caption":"Anca Gagiuc"},"description":"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com","url":"https:\/\/www.yardi.com\/blog\/author\/anca-gagiuc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2018\/05\/Yardi-Blog-solar-panel-insurance-MF.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/20208","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/comments?post=20208"}],"version-history":[{"count":5,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/20208\/revisions"}],"predecessor-version":[{"id":20763,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/posts\/20208\/revisions\/20763"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media\/20209"}],"wp:attachment":[{"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/media?parent=20208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/categories?post=20208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yardi.com\/blog\/wp-json\/wp\/v2\/tags?post=20208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}