- Each kWh Guarantee is issued by an independent foundation; the “kWh guarantee Fund”.
- The Fund then holds an insurance policy from a syndicate of Lloyd’s of London that covers every kWh guaranteed and an additional cash reserve.
- The independent directors of the kWh Guarantee Fund ensure that the total risk of all outstanding kWh guarantees is sufficiently covered.
- If Autarco’s operating entities were to go bankrupt, the Fund, underlying insurance and your kWh Guarantee would be unaffected.
You can think of it like a marathon runner.
- A module component guarantee promises the runner will run at certain speeds for the race if he is running on a treadmill in controlled laboratory conditions.
- The Autarco kWh guarantee promises the runner will finish the exact race you want him to run, in a certain period of time, regardless of the weather.
A module performance guarantee promises the solar modules will performance at a % of their laboratory tested output after certain periods of time if you test them under the same laboratory conditions.
The Autarco kWh guarantee promises a minimum value of solar energy produced (kWh) over a fixed time period. The value of kWh guaranteed is tailored to your exact system details and is measured using standard solar monitoring.
When at the end of a five year warranty term an Autarco PV system has not generated the guaranteed yields, a claim for refund can be filed. This should be done by the beneficiary of the kWh guarantee. This is mostly, but not necessarily, the owner of the PV system. To file a claim, please go to www.kwhguarantee.com.