Buyers should be very careful if making an offer on a property that has solar panels on the roof. My recent buyers of a house with solar panels have had insurance turned down by 6 insurance companies. Even supplied engineers report that roof strong enough and a copy of solar company insurance policy, still no go because " not enough research" on possible effects of panels. Finally got coverage from same company ( RBC) but at premium $1,000 year higher than present owner. Be sure to have your sales rep put a condition , on insurance ,in your offer if offering on such.

Blog Archives