Burzin Umrigar

SVP – Head Construction Insurance & Renewable Energy

Howden India


Punit Mehta


Pixon Green Energy


Col Sudhanshu Kamboj

VP Project Development

Radiance Renewables


Vineet Mittal

Director & Co-Founder

Navitas Solar


Priya Sanjay

Managing Director

Mercom India


Solar PV Performance Warranty: Building Market Confidence

Wednesday, March 1, 2023, 03:00 PM IST

The viability of a solar photovoltaic (PV) project depends largely on the quality and performance of solar modules. The PV systems need to operate safely, reliably, and profitably under various climatic conditions for the lifetime of the project (25-30 years).

The return on investment (ROI) of the project depends on the amount of electricity generated every year, and system performance degradation needs to be addressed to enhance the ROI of a project.

The warranty of solar modules is a crucial part of any solar installation. PV module warranties from manufacturers build confidence among project developers and investors owning the assets for 25-30 years. The two most important factors in warranty include performance and the product warranty.

Normally, performance warranties indicate that the solar panels will perform at 80-90% of their capacity for a given period. Product warranty, on the other hand, is based on materials and quality.

Solar industry experts will discuss how PV warranty insurance can significantly reduce financial losses in the event of a warranty claim and how crucial they are while selling or refinancing a project. The webinar will also discuss client expectations from such warranty insurance products.