Over the twenty years on producing Feed In Tariff payments you will need to make sure that you have protected your investment. This is possible with Canadian Solar offering to replace any panels that produce less than stated.
Please see the details on the Yield Guarantee:
PowerGuard Specialty Insurance Services is a reputable insurance broker offering a broad spectrum of property, liability and specialty insurance services to the most discerning renewable energy clients worldwide.
We, hereby, acknowledge that Canadian Solar Inc. has purchased warranty insurance for
claims against covered PV solar modules produced and registered by Canadian Solar Inc. with a 10-year warranty for material, workmanship, plus a 25-year warranty for power performance.
Actual power output of the module will be no less than 97% of the labelled power output during the first year of operation and subsequent degradation rates of not more than 0.7% annually starting year 2 through the end of year 25, the actual power output will be no less than 80% of the labelled power output for those panels covered by the warranty.
The Warranty Insurance is non-cancellable and survives manufacturer’s bankruptcy, affording customers 3rd party rights to the warranty insurance in the unlikely event of Canadian Solar Inc.’s bankruptcy. The warranty insurance is applicable to Canadian Solar Inc.’s covered PV solar modules with warranty.
Contact us today to out more about how Guaranteed Production can ensure that you get the return on investment that you expect from your solar PV installation.