If your homeowners insurance does provide protection for solar panels, you may want to review your coverage limits. A limit is the maximum amount your policy will pay toward a covered loss. Also, keep in mind that you'll likely need to pay your deductible before any coverage kicks in to help cover a loss. And if your solar panels are leased, the solar panel leasing company owns them, and they must maintain and insure them.

Solar panels can be a big financial investment, and you'll likely want to make sure your policy offers enough coverage to help pay for repairs should the unexpected occur. Your insurance provider can help review your existing coverage so you can decide whether you want to make any adjustments.