Installing solar panels on your home, factory or commercial building is a substantial investment. But what happens if a storm damages your solar modules, a fire affects the inverter or the installation suffers another insured loss? This is where solar insurance can help.
If you are searching for solar insurance online in India, you probably want to know the cost, what a policy covers and how to get a quote. This guide addresses those questions without implying that all solar installations qualify for identical insurance products.
Quick answer: Can I get solar insurance online in India?
Yes. You can request an online quotation for a solar insurance policy. Actual purchase, eligibility, coverage and policy issuance depend on the insurer's product, underwriting and documentation requirements. A quote request is not itself an insurance policy.
Depending on the provider, insurance may be available for residential rooftop systems, PM Surya Ghar plants, commercial and industrial installations, ground-mounted solar projects and bank-financed solar systems.
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1. What is solar insurance?
Solar insurance provides protection against specified insured risks affecting declared solar energy assets. Depending on the policy, the equipment may include photovoltaic modules, inverters, mounting structures, cables and associated electrical systems. It is not a guarantee against every fault, financial loss or generation shortfall.
For example, a solar inverter damaged in an insured fire may be treated differently from an inverter that stops functioning due to an internal electrical defect. Product warranties and insurance are different arrangements, and owners should understand both.
2. How much does solar insurance cost in India in 2026?
There is no single standard solar insurance premium for every 3kW, 5kW or 10kW plant. A premium quoted without reviewing the asset, location and requested coverage should not be treated as a reliable market price.
| Premium factor | Why it matters |
|---|---|
| Plant value | Establishes the property value proposed for insurance |
| Location | Can influence storm, flood and natural catastrophe exposure |
| Installation type | Residential, C&I and ground-mounted risks may differ |
| Equipment | Modules, inverters and electrical assets have different risks |
| Coverage | Additional risks and extensions may affect premium |
| Deductibles | Determine the share of a covered loss retained by the insured |
| Risk details | Installation, maintenance, age and history may be assessed |
Example: Insurance for a 3kW solar plant
Suppose a homeowner installed a 3kW plant costing ₹1,85,000. This is only an illustrative installed value, not a quotation or an assumed current market price. To seek an insurance premium, provide the plant value, address, equipment description and coverage requirements.
If the installation received a government subsidy, do not automatically reduce its insured value by the subsidy amount. Replacement cost and the homeowner's net out-of-pocket expense are different. The insurer's valuation rules and any bank requirement govern the appropriate sum insured.
What about 5kW and 10kW installations?
Capacity alone is insufficient. Two plants with identical power ratings can have different values, exposure to storms, mounting arrangements, deductibles and insured equipment. Request a specific quotation instead of assuming a universal per-kilowatt insurance rate.
3. What can rooftop solar insurance cover?
Coverage varies significantly. Before purchasing, check the wording for relevant events and equipment:
Fire and lightning
Insured fire or lightning can damage panels, inverters, junction boxes and associated cables. The actual policy determines the response, and an internal electrical fault may be treated differently from a covered fire loss.
Storm, cyclone and high-wind damage
Severe wind may damage solar modules or mounting systems. Review insured storm perils, installation conditions and exclusions, especially in exposed locations.
Flood and inundation
Rooftop or ground-level electrical equipment may be vulnerable to water. Confirm whether flood or inundation is covered and whether special terms apply.
Earthquake and natural catastrophes
These may be available in relevant property insurance products. Verify covered events and exclusions rather than assuming every natural calamity is insured.
Theft and burglary
Theft is not automatically covered by every policy. The precise theft, burglary or malicious-damage wording matters.
Inverter and electrical equipment breakdown
Physical-damage insurance is not necessarily machinery-breakdown insurance. Internal electrical failure may require a separate cover or endorsement; ask the insurer specifically.
4. Are rooftop solar panels included in home insurance?
Sometimes. Certain residential property insurance products identify solar panels within insured home-building or related property descriptions. For example, New India Assurance's Bharat Griha Raksha product materials refer to solar panels. But the policy schedule, property declaration, sum insured and relevant covered peril all matter.
Ask whether your panels, inverter, mounting structure and installation value are included. Check whether the resulting policy also satisfies the bank if the asset is financed. Read our solar panel and home insurance guide.
5. Is solar insurance mandatory under PM Surya Ghar?
Not under one blanket rule applying to every installation. A financing bank may require insurance under its particular loan terms.
State Bank of India's published PM Surya Ghar rooftop loan conditions distinguish between lower-value loans, where insurance may not be mandatory, and higher-value loans, where it is mandatory. SBI also states that the financed assets are hypothecated to the bank. Read the SBI loan terms and your sanction letter for the applicable conditions.
Why does the bank clause matter?
If the bank finances the plant, it has a financial interest in the hypothecated asset. Where required, the policy should properly identify that interest through an Agreed Bank Clause, financier-interest endorsement or other appropriate hypothecation notation depending on the policy. Merely writing the bank name anywhere on the certificate may not meet its requirements.
Read our PM Surya Ghar bank clause and hypothecation guide.
6. How to get solar insurance online
- Identify the installation. State the plant's capacity, address and residential, industrial or ground-mounted use.
- Determine the insured value. Keep your purchase invoice and component details ready.
- Choose the protection needed. Evaluate fire, storm, flood, theft, breakdown and other relevant risks without assuming they are all standard.
- Disclose any bank financing. Provide lender details and confirm the endorsement required under the sanction letter.
- Request a quotation. Submit the necessary information through the Solar Insurance India quote form.
- Compare policy wording. Evaluate covered perils, exclusions, limits, deductibles, warranty conditions, insurer details, premium and taxes.
- Verify issuance. Coverage starts only under the insurer's accepted policy and commencement terms, not when an enquiry is submitted.
7. Solar insurance vs manufacturer's warranty
| Situation | Manufacturer warranty | Insurance |
|---|---|---|
| Manufacturing defect | May apply under warranty terms | Not automatically an insured event |
| Panel output degradation | May be addressed in performance warranty | Not normally covered solely due to output decline |
| Storm damage | Generally not an ordinary defect claim | May apply if the peril is covered |
| Fire damage | Depends on circumstances | May apply under fire cover |
| Inverter failure | Depends on warranty | Requires breakdown cover check |
| Theft | Generally not covered | Depends on theft/burglary wording |
8. Five mistakes when purchasing solar insurance
- Selecting the lowest premium without examining exclusions and deductibles.
- Declaring panels but leaving out inverters and associated electrical assets.
- Confusing a manufacturer warranty with storm or accidental-damage insurance.
- Not recording the required lender interest for a financed system.
- Assuming internal inverter breakdown is covered automatically.
9. How to make a solar insurance claim
Make the site electrically safe first; avoid handling damaged solar equipment without a qualified technician. Notify the insurer promptly using its prescribed process. Retain the policy schedule, evidence of the incident, photographs, invoice, asset details and applicable technical reports or estimates.
Follow the insurer's instructions before non-emergency repair or disposal of damaged equipment. If the policy contains a lender-interest clause, that may also affect how settlement proceeds are handled.
For grievances, begin with the insurer's grievance process. Eligible unresolved matters can be pursued through official mechanisms, including IRDAI Bima Bharosa and the Insurance Ombudsman where applicable.
10. Who should consider solar insurance?
Homeowners can review protection for a valuable rooftop investment; PM Surya Ghar borrowers should check loan-specific requirements; commercial and industrial consumers can assess risks of larger assets; and EPCs and banks can ensure clients understand warranties, lender clauses and relevant coverage.
Frequently asked questions about solar insurance in India
Can I buy solar insurance online in India?
You can request quotations online, but purchase and issuance depend on the insurer, product, underwriting and documents.
What is the price of solar panel insurance in India?
No one price applies to every installation. Premiums depend on value, location, equipment, risks and deductibles.
How much does insurance cost for a 3kW solar system?
Capacity alone cannot establish a reliable premium. Provide insured value, location and proposed coverage for a quotation.
Does solar insurance cover an inverter?
It may cover declared inverters against specified insured physical damage. Internal electrical breakdown requires specific policy verification.
Is solar insurance compulsory under PM Surya Ghar?
Not universally. A lender may require it based on the loan amount or sanction conditions. Check the specific bank's current terms.
Does home insurance protect solar panels?
Some residential policies may include declared rooftop solar panels. Verify the applicable product and schedule.
Is insurance compulsory for a bank-financed solar plant?
It depends on the loan product. Read the sanction letter and check any required bank-interest endorsement.
Does insurance cover storm damage?
It can when storm is a covered peril and the affected equipment is insured, subject to exclusions and conditions.
What documents may I need?
Commonly requested details include the customer's name, location, system capacity, invoice, equipment list and lender details where relevant.
Which solar insurance policy is best?
The appropriate choice depends on insured risks, value, exclusions, deductibles and the individual installation—not simply the premium.
Protect your solar investment with an informed choice
Before paying for a policy, ask: What equipment is insured, against which events, for what value and under what conditions? A clear answer matters more than a generic assurance that “the solar plant is insured.”
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Explore more guides in our Insights knowledge centre and PM Surya Ghar insurance section.