Protect Your Solar Investment with SolarInsure

Understanding Solar Warranty Protection

if you're considering in making an investment in solar power for your home and you're concerned about what happens to your warranty in the unlikely event that the installation company goes out of business then you're going to want to watch this video here because I'm going to be explaining how you can bring in third party Insurance to protect in the event of a contractor default.

Welcome to Solar Surge

hi everyone Joe ordia here for solar Surge and for the past nine years I've been helping families achieve energy Independence using clean renewable energy. if you're new to the solar surge channel on solar surge we cover most of the products that have to do with solar panels batteries all things having to do with a home Renewable Energy System sometimes even generator backup systems as well so you'll find product reviews product comparisons as well as new product announcements like today's video here.

The Need for Third-Party Protection with Solar Insure

now in today's video we're talking about third-party solar insurance and the reason you might consider a third-party solar insurance is that you know very simply if you choose to invest in having a solar system installed in your home uh generally if you choose a top-tier installer that system installation is going to come with a 25-year warranty that covers your solar panels it covers your inverters or your micro inverters as well as the labor or any any labor that might be required to make repairs or to keep that system healthy over the 25-year life of the system but of course that warranty that guarantee is ultimately coming from the company that does the original installation and so what happens in the unlikely event that the company that does the original install goes out of business and and they're not able to perform their obligations under the warranty well that's a situation where you may want to consider bringing in third party Insurance like our partner solar insure.

Challenges in the Solar Industry

now solar insure was founded specifically to solve this problem and you've you know if you've been following the solar industry for a while you know that there's a lot of young companies that get into solar thinking that well there's a lot of money to be made and there's a lot of growth in solar unfortunately many of these companies don't really understand what they're doing or they may understand solar technology very well but they may not understand how to you know how to profitably run a construction company because at the end of the day when you're talking about solar installation solar installation is at its core a construction business and that means having to manage construction workers construction Crews maintain a fleet of construction vehicles as well as being able to manage the operational processes of pulling permits passing inspections collecting payments so on and so forth and so what we've seen at least in the in the past 10 years or so that I've been in the Solar industry is that many companies particularly younger companies that don't have a construction background and don't have that expertise they may come out of the gate strong and they may even have excellent you know customer reviews if you look at the online reviews but they just don't have the financial strength and longevity of a long-term established construction company and so many of these companies they end up going bankrupt or they just end up getting out of the business and then homeowners that have their system installed end up without anyone to service the warranty.

Solar Insure's Solution and Benefits

and so that's where solar insurer has stepped in with a solution of essentially saying hey we will provide third-party insurance for the solar system and we'll put our installers through a vigorous vetting process to make sure that not only are they technically competent not only do they have good customer reviews but are they financially strong to earn that certification but then in the unlikely event that let's say the original installation company goes out of business we can reach into our pool of other certified contractors and have them do repair so if your original install company is no longer available to provide warranty service solar insure simply goes into their network of qualified providers in your area and will have that company come out to make repairs so for a very very small up charge what the solar insurer gives you is basically that that peace of mind of knowing that even if the original installer goes out of business there are other qualified installers that have to pass a vigorous vetting process that will be available to provide warranty service for you.

Key Features: Transferability and Extended Coverage

now the other thing I should mention about solar insure is that their warranty is fully transferable so if you sell your home let's say you're only your home five or ten years if you sell the home and of course the solar system is usually going to convey with the home uh the home sale then you want to be able to pass on a warranty to your new homeowner as well and so the solar insurer warranty is 100 transferable during the lifetime of the warranty service which by the way is a 30-year warranty term I know most solar tier one companies are offering a 25-year warranty solar insure is a 30-year warranty.

Advanced Monitoring and Cost-Effective Protection

all right and of course on their side they also provide and they they conduct what's called component level monitoring so if you have a solar power system you're probably already familiar with the monitoring app where you can pull up on your smartphone you can look at what your total system performance is in many cases you can even drill down and look at performance down to the per solar panel level of course solar insurer is able to monitor all those things as well so in many cases there may be a problem they may detect the problem before you even notice it but again guys the the idea here is to de-risk the choice of installer at the time of your original installation and provide an extra layer of protection for the homeowner for a slight slight up charge I mean we're talking you know 10 cents a watt or less to provide that third-party coverage so that you know that your system is going to be fully protected for that 30-year term.

Connecting with Solar Surge

now here at solar surge we're proud to offer solar insure in many of our largest markets where we operate like Texas and Florida so if you're already working with one of our system designers here be sure to mention that you're interested in taking a look at solar insurer if you think that this would be a good fit for you uh of course if you're in the process of looking at solar power options for your home if you're in the process of soliciting quotes or maybe you already have a couple quotes and you want to just get a comparison quote to make sure that you're getting a good deal as always feel free to reach out to us on the link below there we'd be happy to set up a short Zoom call with you just just to hear from you as far as what you're looking for and then we can provide a free no obligation price quote estimate for you.

Engage with Solar Surge

of course if you're getting good value from the information that we have on solar search guys please be sure to click on the thumbs up button and also consider subscribing to the channel as well right now we're trying to get at least two to three videos out for you every week on topics that are specifically relevant to those who are evaluating solar power options for your home.

Conclusion

well folks I thank you for taking some time to spend with solar search today as always I'm Joe ordia encouraging you to get prepared and be empowered thanks for watching and we'll see you on the next video.

Technical Specifications: Solar Insure

Frequently Asked Questions

Q1: What problem does third-party solar insurance like Solar Insure address?

A1: Third-party solar insurance addresses the risk of an original solar installation company going out of business, leaving homeowners without anyone to service their system's warranty. Solar Insure provides an extra layer of protection by offering coverage in such an event.

Q2: How long is the warranty term provided by Solar Insure?

A2: Solar Insure provides a 30-year warranty term, which is an extended period compared to the typical 25-year warranties offered by most top-tier solar companies.

Q3: Is a Solar Insure warranty transferable if I sell my home?

A3: Yes, the Solar Insure warranty is 100% transferable during its lifetime. This means if you sell your home, the solar system's warranty can be seamlessly passed on to the new homeowner.