Assurant: A New Approach to Commercial Solar Protection
Post on 12-Jun-2015
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A New Approach to Commercial Solar Protection
By all accounts, solar energy projects are increasing worldwide.
1 KW
1990 2000 2010
Cost per kWh
100 KW 2 MW 3 MW 10 MW
Residential Range
Commercial Range
Utility Range
Grid Parity
Cost of Electricity from Solar Power
Conventional Electricity Cost
The fastest growing segment, commercial solar projects, grew 127% in 2011, surpassing both residential and utility scale segments.
1 KW
1990 2000 2010
Cost per kWh
100 KW 2 MW 3 MW 10 MW
Residential Range
Commercial Range
Utility Range
Grid Parity
Cost of Electricity from Solar Power
Conventional Electricity Cost
1 KW
1990 2000 2010
Cost per kWh
100 KW 2 MW 3 MW 10 MW
Residential Range
Commercial Range
Utility Range
Grid Parity
Cost of Electricity from Solar Power
Conventional Electricity Cost
Unfortunately for developers, midrange projects often fall outside of what most providers cover, exposing commercial projects to artificially high minimum premiums.
1 KW
1990 2000 2010
Cost per kWh
100 KW 2 MW 3 MW 10 MW
Residential Range
Commercial Range
Utility Range
Grid Parity
Cost of Electricity from Solar Power
Conventional Electricity Cost
Now Future
Also, the evolving economics of solar technology point to a decrease in the number of manufacturers – subjecting projects to potential warranty complications in the future.
This uncertainty:
∙ Makes lenders wary
∙ Slows financing
∙ Drives up costs
1 KW
1990 2000 2010
Cost per kWh
100 KW 2 MW 3 MW 10 MW
Residential Range
Commercial Range
Utility Range
Grid Parity
Cost of Electricity from Solar Power
Conventional Electricity Cost
Which is where we come in…
LIABILITY
PROPERTY
WARRANTY MANAGEMENT*
For the first time in the industry, Assurant is offering Solar Project Insurance.
DevelopMentInStAllAtIon
opeRAtIon
phase-specific coverage that allows commercial solar developers to quickly and easily qualify, launch and protect more projects.
*project Warranty Management is provided through an extended service contract and is not insurance.
1 KW
1990 2000 2010
Cost per kWh
100 KW 2 MW 3 MW 10 MW
Residential Range
Commercial Range
Utility Range
Grid Parity
Cost of Electricity from Solar Power
Conventional Electricity Cost
This level of protection:
∙ ensures complete coverage for all project components
∙ puts investors at ease
∙ Improves cash flow
∙ provides the right amount of insurance for midsize projects
Head to assurantsolar.com, today.
Find out how we can help you launch and protect more commercial solar projects.
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