Homeowners in Arizona are increasingly turning to solar energy solutions to power their homes and businesses. In the sunny environment, the sun’s renewable energy is a pollution-free alternative to electricity. While solar energy systems are still relatively expensive, they are becoming increasingly affordable for the average homeowner. Many homeowners are drawn to solar energy because of the increased energy efficiency of operating their home appliances and systems. Many states now offer “net metering” to make solar energy even more cost effective. This means that when a solar energy system creates more energy than the homeowner needs, the energy is shifted back to the grid in an even swap. The homeowner then only pays for the energy that they actually use from the grid. To encourage the use of renewable energy, the State of Arizona allows residents to claim at 25% tax credit up to $1,
When deciding to install solar energy, homeowners will be required by their local electric utility company to sign an interconnection agreement. These agreements, required by federal law and state public utility commissions, outline the specific terms and conditions required to connect solar energy systems to the utility grid. As part of this agreement, minimum insurance requirements will be defined. While most homeowners policies are appropriate coverage for this circumstance, it is important that homeowners discuss this with their insurance agent.
Serving the Tucson, AZ area, the agents at the Shaner Insurance Group, Inc. are ready to help you with all of your home insurance needs. They can discuss appropriate home insurance coverage and ensure that your coverage meets the utility company’s requirements if you are considering a solar energy solution for your home. Contact them at 520-333-6224.