Solar panels lead to insurance headaches for some Canadians [Video]

Adam Szabo was keen on the benefits of replacing his furnace with a heat pump and installing solar panels to help power his new electric heating and his electric car.

“It improves the value of the house, it’s better for the environment and … there’s a financial gain, as well,” said Szabo, who lives in Burlington, Ont., semi-detached house with his wife and nine-year-old daughter.

So it came as a big surprise that his insurance company, CAA, didn’t see things the same way — it nearly cancelled his home insurance over the heat pump installation, and then did cancel it, over the solar panels.

“I was confused, of course,” he said. “I’m like, ‘What do you mean?’ It just doesn’t make sense, right?”

Canadians are buying EVs and installing heat pumps and solar panels in their homes as part of the push to slow climate change and transition to cleaner …