☀️ You’ve Invested Big — But Are You Protected?
🔥 True Story: A Costly Lesson
A business owner in Jharkhand installed a rooftop solar system but skipped insurance, thinking, “What could go wrong?”
In 2023, a freak thunderstorm hit Ranchi. A lightning strike damaged 60% of the panels and the inverter. The cost of repairs? ₹1.8 lakhs.
No insurance. No help.
All from a 5-minute decision not to insure.
Why a Separate Insurance Cover Is a Must (Even if You Have a Warranty)
🤔 Think of It Like a Car
- Warranty is like your car’s company guarantee – if something inside fails due to poor manufacturing, they’ll fix it.
- Insurance is what saves you when a tree falls on your car during a storm or someone steals it.
Your solar plant is no different.
🧠 Think of It Like Health Insurance
Just like a mediclaim policy covers your hospital bills for unforeseen illnesses, solar insurance protects your plant from sudden disasters. Even if one mishap occurs in 6–10 years, it can easily justify the entire premium paid over that period.
🔎 Real Risk: Solar Plants Are Exposed 24×7 for 25+ Years 🌦️
Solar plants are not sitting safely inside your home. They face:
- 🔥 Fire & Explosion/Implosion due to electrical short circuits or inverter faults
- 🌩️ Lightning strikes during thunderstorms that can damage inverters, panels, or surge protection systems.
- 🌪️ Cyclones and heavy winds ripping off panels and frames
- 🌊 Storm, Tempest, Flood, Cyclone, Inundation: The natural calamities that can severely damage panels, mounting structures, foundations, and damage the inverters and junction boxes.
- ⚔️ Vandalism, riots, Civil disturbances, or targeted attacks can result in significant losses.
- Landslide, Rockslide: Especially relevant in hilly or mining-prone areas, this risk isn’t under standard warranties.
- 🚰 Bursting/Overflowing of Water Tanks & Pipes: Can cause panel shorting or ground erosion around the plant.
- 💣 Missile Testing Operations: Rare but possible, especially near defense zones. Covered under specific insurance clauses.
- 🥷 Theft of solar panels and cables during unrest
Warranties won’t cover these. But insurance will.
Let’s break it down simply.
⚖️ Warranty vs Insurance – A Simple Table
| Feature | Warranty | Insurance (Tata AIG) |
|---|---|---|
| ✅ Covers | Manufacturing defects | External damages (fire, lightning, theft, etc.) |
| ⚙️ Provided by | Equipment Manufacturer | Insurance Company (Tata AIG) |
| 🕒 Duration | 5–10 years (limited) | Renewable annually |
| 💥 Covers accidents? | ❌ No | ✅ Yes |
| 🌩️ Natural disasters? | ❌ No | ✅ Yes |
| 💰 Theft/Vandalism? | ❌ No | ✅ Yes (conditions apply) |
| 🔧 Cost of replacement? | Partial (and slow) | Full (as per sum insured) |
| 💡 Purpose | Quality assurance | Financial protection from unexpected losses |
💰 What Is the Insurance Amount?
The cost of solar insurance depends on various factors such as plant size, location, mounting type, and overall risk assessment by the insurance provider. However, to give you a general estimate, here’s a rough cost guide based on the purchase value of the solar plant:
Up to ₹5 Lakhs – ₹650/year
₹5 to ₹10 Lakhs – ₹1,100/year
₹10 to ₹50 Lakhs – ₹6,000/year
Above ₹50 Lakhs – Custom quote based on detailed risk profile
These are indicative prices and may vary depending on the insurance company’s assessment. Still, considering the scale of investment and long-term exposure to risk, the premium is nominal and offers valuable peace of mind.
👉 We can help you get an accurate quote. Reach out to us if your plant was installed by our team.
📞 How to Get Solar Insurance – We’re Here to Help
If you’re planning to insure your solar plant, you can directly approach insurance providers. However, if you’ve purchased your system from us, we can make the process easier by facilitating the insurance on your behalf.
🛡️ Backed by Tata AIG – A Trusted Name
Tata Power Solar has partnered with Tata AIG to offer reliable and tailor-made insurance solutions for solar installations. This ensures trusted coverage from a reputed national insurer.
🤝 End-to-End Assistance from Our Team
As authorized dealers of Tata Power Solar, we offer complete support – from documentation to getting a customized quote – whether your plant is newly installed or already operational.
💡 No-Obligation Quote – Always a Good Step
The premium is nominal, and even if you’re just exploring, getting a quote costs nothing but helps you make a fully informed decision.
👉 For a quick quote or consultation, contact us if your solar plant was installed by us. We’re committed to helping you protect your solar investment for the long term.
