Markets in Motion: Solar Manufacturer Warranties

The alternative energy market has many complicated angles to it, including solar warranties, which are essential to solar manufacturers as well as to the development and funding of solar projects.

According to Mike McMullen, managing principal of PowerGuard Specialty Insurance Services, banks are hesitant to lend against some larger solar projects because of the severe credit crunch and the balance sheet of the solar manufacturer. This has made it difficult for these projects to get the funding they need from banks. PowerGuard developed its unique warranty program to back up the 25-year warranty of the solar manufacturer should the manufacturer become unable to pay. As alternative energy and large solar projects continue to increase, agents need to be aware of these insurance options.

In this edition of Markets in Motion, MyNewMarkets.com Associate Editor Amy O’Connor talks with PowerGuard about their solar warranty product and how agents can get involved in this emerging insurance market.

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User Comments

  1. Alec Cook

    September 1, 2010 at 9:35 pm

    Very informative video. Top notch. Thank you Ms. O’Connor.

  2. Well Done

    September 2, 2010 at 12:37 pm

    I learned something useful. Informative, well-edited video.

  3. Bruce Berger

    January 2, 2011 at 3:06 pm

    I think this is a good video though highly misleading given that PowerGuard has yet to close a deal in the insurance market.

  4. Frank Gurney

    January 3, 2011 at 7:57 am

    Nice video but this guy is all smoke and mirrors. You can never get a straight answer from him and the whole product is questionable.

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