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**CONSUMER ALERT** CFO Jimmy Patronis: Beware of the Pitfalls of Solar Panels, Added Insurance Costs


For Immediate Release: Wednesday, May 1, 2024
Contact: Office of Communications,, 850.413.2842


CFO Jimmy Patronis: Beware of the Pitfalls of Solar Panels, Added Insurance Costs

TALLAHASSEE, Fla. – Today, Chief Financial Officer (CFO) Jimmy Patronis warned Floridians on the potential increase in property insurance premiums and other pitfalls when purchasing solar panels and having them installed on the roof of their home or business. Several states have seen a massive increase in residential solar panel installation, growing by 1,106% in the last five years, with many offering incentives for these installations. However, there are potential hazards to these installations, such as compromised roof integrity, an increase in homeowners insurance, and a difficulty in finding property insurance coverage.   

CFO Jimmy Patronis said, “Buyer beware when looking into solar panels for your home or business. We’ve all seen the dramatic increase in residential solar panel sales throughout Florida, and I believe that there are some serious red flags that consumers need to be leery of including impacts to insurance costs, pushy sales tactics, and cheaply made products imported from China. In the Florida market, there are only certain insurance companies that cover homes with solar panels, limiting the options of these households right off the bat. Reports show that these homeowners could also see higher premiums over time, due to a need for specialized coverage, or for the replacement of a solar panel because they are outside and are more vulnerable to the elements. Aside from insurance, the weight of a solar panel could potentially cause structural damage to your roof over time and cause complications when you decide to sell your home. If you already have solar panels, it’s recommended to have a professional roof inspection every few years to ensure that the integrity of your roof is not being impacted. Every Floridian should do their research, informed themselves on all aspects of these product, and be aware of the potential pitfalls of solar panels so you can decide what’s best for your biggest investment – your home.”

Tips to Consider Before Purchasing Solar Panels

  • Do insurance research. Get multiple property insurance quotes to ensure the solar panels are insurable when installed on your roof and research what the impact to your premiums will be. Will they replace them in the event of a hurricane or natural disaster? Will you be liable if the panels come loose in a storm and damage someone’s property? These are the questions you need to ask.
  • Is this product right for your roof? Most panels are installed on roofs. Ensure your home can support the installation and the wear and tear over time.
  • Don’t fall for sales pitches. Just with any purchase, be suspicious of door-to-door salesmen promising big discounts or free offers. The BBB has received numerous reports of solar panel scams promising big deals and free roofs.
  • What if you sell your home? If you are financing your solar panels, you may be on the hook for the full price if you sell your home. Read the fine print and understand your obligations when you sell your home or business.


About CFO Jimmy Patronis  
Chief Financial Officer and State Fire Marshal Jimmy Patronis is a statewide elected official and a member of Florida’s Cabinet who oversees the Department of Financial Services. CFO Patronis works each day to fight insurance fraud, support Florida’s firefighters, and ensure the state’s finances are stable to support economic growth in the state. Follow the activities of the Department on Facebook (FLDFS) and Twitter (@FLDFS).