Emerging PPA developers that supply energy products often pay additional finance charges due to the relatively new medium of solar and wind energy, which negatively affects company financials. Customers, strategic OEMs and finance parties today are often looking for major insurers to assume these guarantees, in order to provide protection that someone will be there to pay for potential energy disruptions .
SolarInsure has developed a strategic relationship with a leading worldwide insurance company to underwrite this business through its Energy Products Performance Guarantee Program. As a provider of Power purchase agreements , performance guarantee insurance can result in millions of dollars in savings in finance cost and increase access to many major finance partners.
Our Solar System Performance insurance coverage protects both project owners and lenders if the system, such as roofttop solar installation or ground mounted solar array, does not provide the energy capacity at the specified level and the predicted power generated and revenues are not met.