Solar power has become a vital contributor to energy security for many Australian businesses. With rising electricity costs and increasing pressure to decarbonise operations, commercial solar installations are more than just a sustainability measure—they’re a strategic asset.
In 2023 alone, over 337,000 businesses and households installed rooftop solar systems. For many businesses, these systems now play a central role in managing energy costs and maintaining operational resilience during periods of grid volatility.
But increased self reliance comes with additional risks. Damage to solar panels—whether from storms, fire, or equipment failure—can interrupt generation. The result isn’t just repair or replacement costs, but also the added burden of purchasing additional electricity from the grid at peak market prices.
That’s why modern insurance solutions need to do more than just cover the physical loss. Comprehensive solar cover should also include reimbursement for additional energy costs incurred during downtime. This ensures businesses are not financially penalised while waiting for systems to be restored.
Large-scale projects like the Wandoan South Solar Project in Queensland—expected to generate over 700 GWh annually—highlight just how integral solar has become to Australia’s energy mix. But even smaller commercial systems now represent a meaningful share of a business’s energy supply, and any interruption can quickly impact the bottom line.
As solar assets become embedded in business-critical infrastructure, insurance protection must evolve. Covering generation interruption and its financial impact is no longer optional—it’s essential.
Australasia Underwriting can tailor solar insurance solutions across the majority of commercial systems – up to a capacity of 10 MW.
Get in touch today to find out how we can help ensure your clients are well protected.
