Monday 16 October 2017

‘First cash guarantee offered for solar performance’

A Dutch solar manufacturer claims it has become the first to offer a kilowatt hours (kWh) performance guarantee of its energy systems.

Autarco is promising its customers cash compensation at a predetermined price per kWh if the electricity generated by its panels doesn't match up to expectations.

The firm says it is offering the service because it believes its components, software and monitoring solutions significantly reduce the risk of underperformance.

Installers use the firm's software to find the best location for panels and work out how much energy can be generated.

After the installation and registration of the equipment, Autarco monitors performance from a distance to ensure it matches forecasts.

The guarantee is backed by insurer Lloyd’s of London, which said: "We have carried out rigid tests on all technology of Autarco in other to be absolutely certain that all risks are well covered by them.

"It is a unique insurance, which we could not issue until now, since no other market player has been able to do this."