Florida’s chief financial officer warns solar panels can worsen insurance costs

TALLAHASSEE, Fla. – Chief Financial Officer Jimmy Patronis warned of potential increased home insurance costs and pitfalls for some surrounding an increase in solar panel installation prevalence.

“I’m concerned policy promoting putting solar on roofs makes homes MORE vulnerable to storms, impacting premiums,” Patronis said on social media. “The Governor and Legislature are doing amazing work calming Florida’s insurance market.”

“We need to scrutinize things that make homes more vulnerable – like solar,” he said.

Patronis also highlighted in a press release some of the “serious red flags” that consumers need to be aware of when purchasing solar panels.