Insurance Company Recognizes Solar Power Backup System

Fireman’s Fund, a major national insurance company, has announced that it will give the same policy discount to homes with a solar-powered backup power system as it gives to homes with backup generators. The company’s 2% policy credit for conventional backup power systems will apply to homes using the GridPoint Connect Series from GridPoint, Inc. The GridPoint system uses photovoltaic panels to generate grid-tied electricity while also using batteries to store energy for power outages. Fireman’s Fund customers can also earn a 20% discount on GridPoint systems—similar to discounts offered for conventional fossil-fuel systems. The program is currently available to customers in twelve states. Fireman’s Fund also plans to announce a similar program for homeowners who install leak-detection systems—another product that combines reduced risk for claims with environmental benefits.