Money-Back Power Production Guaranty and Limited Warranty
This Power Production Guaranty and Limited Warranty (“Performance Guarantee”) can be used by solar installers and developers that want to get an advantage on their competition by offering customers a money-back guarantee on the proposed system production. The Performance Guarantee provides that if the solar system does not provide the quoted energy production, the company will pay the customer the average cost per kilowatt hour that the customer’s utility charged them for the previous 12 months for each kWh the system failed to produce. In order to protect the solar installer or developer, this Performance Guarantee contains a comprehensive list of exclusions and disclaimers. Installers and developers can modify the duration of both the limited warranty period and the power production guarantee according to their business needs. Key provisions in this Performance Guarantee include how the money back guarantee is calculated, exclusions and disclaimers, limitations of warranty scope, standard of performance, force majeure, assignments and disputes.
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