by tonytran2015 (Melbourne, Australia).
#solar panel, #insurance, #sunlight levies, #solar, #levies, #return on investment,
Gouging Insurance Premiums and possible State levies await Solar Panels.
In the enthusiasm to install Federal Government subsidized Solar Panels, prospectiveowners of these Solar Panels may have forgotten two lessons of history. They are the gouging by Insurers and State Governments.
1. Gouging by Insurers.
Indeed, the Installed Value of the Solar Panels must be included into the Home Content Values of the insured address.
The panels are in exceptionally exposed, easily damaged or stolen positions. Therefore Home Contents Insurers may require a premium worth about 3% of the Installed Value of the Solar Panels. For a $10,000AUD installed system, the premium would be about $300AUD a year.
However, Insurers may not use this easy argument but charge the maximum the market can bear. This has happened with turbo charged small engined cars. The result was…
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