Get Your Home Solar PV System Protected
Investing in a solar PV system is one of the smartest decisions Malaysian homeowners can make. Not only does it reduce your electricity bills, but it also increases your property value and supports a more sustainable future. However, like any valuable asset, your solar system should be properly protected.
That’s where Solar PV Insurance by MSIG Malaysia comes in — offering comprehensive and flexible protection for residential solar PV system owners across Malaysia.
Why Solar PV Insurance Is Important
Your solar panels are constantly exposed to outdoor elements such as heat, heavy rain, storms, and potential theft risks. While solar PV systems are designed to be durable, unexpected events can still happen. Damage to your system could result in costly repairs and downtime — which means loss of energy savings and even loss of income if you are exporting excess energy.
With dedicated solar PV insurance, you can protect yourself from financial setbacks and maintain peace of mind.
Key Benefits of MSIG Solar PV Insurance
a) Comprehensive Coverage Against Loss or Damage
This policy protects your solar PV system against loss or damage caused by:
Fire
Theft
Accidental external mean*
*Terms & Conditions Apply
If your system is damaged and unable to generate power, the policy helps cushion the financial impact. This includes coverage for potential loss of income or energy savings due to downtime, allowing you to recover faster and resume normal operations without heavy financial strain.
b) Optional Protection for Loss of Savings or Loss of Income
One of the standout features of this insurance plan is its optional add-on coverage. You can choose to protect yourself against loss of savings or income resulting from system downtime due to insured damage.
This is especially valuable for homeowners participating in solar export programmes (such as NEM or Solar ATAP) where excess energy generates bill credits or income. Instead of worrying about lost returns, your insurance helps maintain financial stability.
c) Flexible Plan Options to Suit Your Needs
Every home solar system is different. That’s why MSIG offers five different plans tailored to various residential solar PV setups.
You can:
Select a pre-set plan with standard coverage limits
ORDetermine your own sum insured based on your specific system value and risk exposure
This flexibility ensures you are neither underinsured nor overpaying — giving you adequate protection aligned with your investment.
What Is Not Covered?
As with any insurance policy, certain exclusions apply. The policy does not cover:
Atmospheric conditions (other than lightning storm or tempest)
Wear and tear, deterioration, depreciation
Cleaning, repairing, restoring processes
Mechanical or electrical derangement
War, nuclear risks, radioactive contamination
Strike, riot, civil commotion, martial law, terrorism
Confiscation by authorities
Damage to transmission lines or cables outside the insured premises
Note: This list is non-exhaustive. Please refer to the official Policy Document for the full list of exclusions.
How to Purchase Solar PV Insurance for Your Home
Getting your solar PV system insured is simple:
Step 1: Choose your desired plan
Step 2: Fill in your details
Step 3: Make payment
Step 4: Receive a certificate of confirmation upon successful payment
Step 5: Receive your policy within 7–14 working days
To get started, contact us via:
👉 https://solartech.com.my/contact-us/
Our solar specialists will guide you through the quotation process and help you select the most suitable plan.
Protect Your Solar Investment Today
Your solar PV system is a long-term investment designed to deliver savings for 20 years or more. Don’t leave it exposed to unexpected risks. With a well planned Solar PV for Home Insurance, you can safeguard your system, your savings, and your peace of mind.
For more information on Solar PV for Home Insurance by MSIG, click here.
