How to Obtain Solar Power Insurance? Where to Insure Solar Power in 2025? How is the Cost Calculated?

Solar power insurance is a specialized risk management tool designed specifically for solar photovoltaic systems. Its primary purpose is to provide financial compensation for losses caused by natural disasters (such as typhoons or heavy rain), accidental incidents (like fires or theft), and other non-human factors. This insurance not only ensures the safety of the photovoltaic equipment itself but also protects against potential income losses, ensuring that investors can achieve stable returns on their investments.

Why is Solar Power Insurance Necessary?

1. Protection of Significant Investments: Solar systems typically require substantial financial investment, and repair costs can be high if damage or failure occurs. By purchasing solar power insurance, financial risks can be effectively reduced.
2. Improved Project Financing Success Rate: For solar projects seeking external funding, having a comprehensive insurance plan is often seen as a reflection of risk management capabilities, which helps to enhance the confidence of banks and investors.
3. Legal Compliance Requirements: In some regions, governments mandate that all newly constructed or expanded solar power stations must have corresponding insurance as a condition for operation.

What Types of Solar Power Insurance are Available in 2025?

There are several main types of solar power insurance available in 2025:

1. Property Comprehensive Insurance: This provides comprehensive material loss coverage for various facilities within the solar power station (such as solar panels and inverters).
2. Business Interruption Insurance: If a solar power station cannot generate electricity due to the aforementioned reasons, the insurance company will compensate for the resulting loss of business income.
3. Third-Party Liability Insurance: If the operation of the solar power station causes damage to the surrounding environment or other parties, this insurance covers the corresponding legal responsibilities and compensation costs.

Where to Insure Solar Power in 2025?

1. Contact Insurance Companies Directly: You can visit the official websites of major insurance companies or call their customer service hotlines to obtain detailed information about insurance products and complete the application process.
2. Utilize Third-Party Insurance Service Platforms: Many professional online platforms consolidate solar power insurance products from various insurance companies, making it easy for users to compare and purchase.
3. Consult Professional Insurance Brokers: If you are unfamiliar with insurance terms or prefer more personalized service, you can find an experienced insurance broker on relevant platforms to assist you.

How is the Cost of Solar Power Insurance Calculated in 2025?

The specific premium amount depends on several factors, including but not limited to:

1. Installed Capacity: Generally, the larger the installed capacity, the higher the premium.
2. Geographic Location: Solar power stations located in high-risk areas (such as those prone to natural disasters) tend to have higher premiums.
3. Claims History: If your solar power station has had a considerable number of claims in recent years, the premium may increase.

According to market research, for a medium-sized (approximately 1MW) ground-mounted solar power station located in a low-risk area, the annual basic property comprehensive insurance premium is estimated to be between RMB 50,000 to 100,000. However, the exact amount will need to be determined based on specific circumstances.

For example, the latest upgraded version of the Ping An Solar Group Insurance 2025 offers multiple versions with coverage of up to RMB 120,000 + 120,000. It requires a minimum of five people to insure, with eligible ages ranging from 18 to 64 years. The insurance period can be flexible, with options of three months, six months, or one year, and does not require a high-altitude work certificate. This insurance is tailored for the solar energy industry and includes optional coverage for legal expenses.

If you are interested in how to obtain solar power insurance, where to insure solar power in 2025, and how the costs are calculated, and wish to receive a tailored insurance proposal or learn about other products, please click “Consult Now” on this page. Our customer service team will provide you with free consultation services!