With the “greenification” of our
culture, if you will, would you expect there to be an increase in
interest in installing solar panels? And based on that supposition,
how much of the world's energy would you guess is being sourced from
solar? While you're at it, why not make a guess at how the cost of
solar panel today compares with what it was a decade ago? Did you
guess that it increased? You're in for a surprise. The reality is
that the cost of solar power today is even less than 20% what it was
ten years ago, and currently only about 1% of the world's energy is
solar. That's pretty incredible, given trends that are moving more
and more towards sustainability and economy. Circumstances like these
make the prospects of delving into solar panel energy very
attractive.

Interestingly, though, the bulk of
insurance claims for solar panels are actually related to theft, so
the type of neighbourhood you live in may have a role to play in the
cost of insuring your panels. That said, there are ways to protect
against theft, and lower the risks (and thus the insurance rates)
associated with it. For example, there are some panels designed with
triggers that are activated when the cutting of wires is attempted,
alerting multiple security personnel instantly of the attempt in
moments via their phones.
It should be clarified, though, that
solar panels don't always mean higher insurance costs. In fact, they
can often lower your home insurance rates. One line of reasoning is
that those concerned with environmental impact have a strong sense of
responsibility generally, and are likely to take good care of their
property.
It's not a decision to take lightly,
but it definitely deserves some consideration...and with government
incentives that encourage consumers to save energy, there may be a
rebate in it for you too.
To summarize, one US company asked CBP for a classification ruling that would set duty rates for the solar panels they were importing. The company proposed using a semiconductor classification, as the rest of the industry was doing. solar panels for homes
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