A Bradesco Seguros registered a 173% increase at the insurance billing for system equipment solar energy in Brazil in 2022.
According to the company, only between the months of January and September this year were R$ 4.1 million accumulated. In 2021, the balance was R$ 1.5 million throughout the twelve months of the year.
The growth of this type of insurance has direct relationship with the expansion of the photovoltaic sector in the country, especially in the distributed micro and mini generation segment.
According to official data from ANEEL (National Electric Energy Agency), the own solar energy generation sum this year more than 6.25 GW of installed power, one growth of 36.2% compared to the full year 2021, with 4.58 GW.
How does solar energy insurance work?
The risks of damage to solar energy systems are related to the installation and execution of projects, as well as natural damage caused by windstorms, rain, fire, lightning, among others.
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Because of this, in recent years, several insurance companies have started to offer different types of coverage for the technology, which can be contracted both by the owner of the property who has the system and by the businessman who sells and/or install photovoltaic panels.
The subject has already been explored in more depth by Solar Channel, with a complete webinar episode on the topic. Check it out below!