When including photo voltaic panels to Florida properties and companies, Chief Financial Officer Jimmy Patronus warns Sunshine State householders to watch out for hidden catches and issues.
In an announcement, Patronis acknowledged the rise in corporations and personal residents including photo voltaic panels to their roofs to reap the benefits of producing power from Florida’s intense daylight. But Patronis says there may be rising challenges which is now concerned in including panels to buildings.
“Buyer beware when photo voltaic panels to your residence or enterprise. We’ve all seen the dramatic improve in residential photo voltaic panel gross sales throughout Florida, and I imagine there are some critical pink flags that customers must be skeptical of the results of insurance coverage prices, pushy gross sales techniques, and low-cost merchandise imported from China,” Patronis stated in a ready assertion.
The set up of photo voltaic panels has elevated greater than 1,000% within the final 5 years, and Patronis says that opens many customers as much as hidden prices and different snags they don’t seem to be conscious of.
One of the largest catches is that many property insurance coverage corporations don’t cowl photo voltaic panels as a part of their protection. Sometimes the set up of panels compromises the structural integrity of the buildings roof.
“In the Florida market, there are only some insurance coverage corporations that cowl properties with photo voltaic panels, limiting the choices for these households proper off the bat. Reports point out that these house owners at residence may see larger premiums over time, because of the want for particular protection, or for changing a photo voltaic panel as a result of they’re outdoors and extra susceptible to the weather, Patronis stated.
He added that the load of the photo voltaic panels put in might trigger structural harm to the roof and may very well be a complication when a house proprietor sells their residence.
Patronis supplies a listing of suggestions for anybody contemplating photo voltaic panels or who has already put in them:
— Research insurance coverage: Get a number of property insurance coverage quotes to make sure that photo voltaic panels are insurable when put in in your roof and analysis how it will have an effect on your premiums. Will they change it within the occasion of a hurricane or pure catastrophe? Are you liable if the panels come off in a storm and harm somebody’s property? These are the questions you have to be asking.
— Is this a very good product to your roof? Most of the panels are put in on the roofs. Make positive your property can assist set up and put on and tear over time.
— Don’t fall for gross sales pitches: With any buy, be suspicious of door-to-door salesmen who promise massive reductions or free gives. The Better Business Bureau obtained many reviews of photo voltaic panel scams that promise nice offers and free roofs.
— What in case you promote your property? If you financial your photo voltaic panels, you might be on the hook for the complete worth once you promote your property. Read the wonderful print and perceive your obligations when promoting your property or enterprise.
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