Most homeowners insurance policies cover solar panels. But depending on the type of system you have, you may need a separate policy. If you’re adding to the insurance coverage you already have, the location of your panels and your local climate could impact your insurance premiums. Generally, if your solar panel is mounted on your roof, your home insurance covers it under your dwelling coverage. Solar panels that aren’t a permanent fixture of your home are generally prone to more damage, so your insurance company may require you purchase extra coverage.