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Solar Surety Bonds

Renewable energy is a business disruption strategy – finding the proper bonding is a key component for solar energy companies.

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About Horton’s Solar Energy Practice

Obtaining affordable bonding is a challenge due to the unique aspects of solar projects. Horton has worked hard to educate the surety marketplace on what makes solar projects different than your typical construction project.

Horton’s Construction Practice Group has dedicated its mission to drive down your cost, workload, and risk for contractors. Today, over 700 construction companies partner with Horton to take their insurance and employee benefits programs to a higher level of performance. Comprised of sound risk management, innovative employee benefits solutions, and industry-leading safety, wellness, and risk transfer strategies, agencies have the tools at their fingertips to control their destiny.

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Complex Risk: Solar Projects

Launching a solar project is filled with challenges – finding financing, hedging against production shortfalls, securing contracts with counterparties and finding contractors that can move the project forward.

In addition, a solar project is uniquely different from a typical construction project:

  • Short duration of the project in proportion to the dollar amount
  • High component cost 50-60%+
  • Efficiency guarantees
  • Longer warranty periods

Getting the Job Done

Our Solar Energy team has bonded over 200MW of solar projects across the country, including utility-scale, C&I and federal projects.

Horton currently partners with over 30 solar companies on the Solar Power World Top 500 Contractors list.

The current Amicus Solar Coop members we work with include:

  • Radiance Solar
  • Aegis Renewable Energy
  • Alternative Energy Systems, Inc.
  • CalCom Energy
  • Revision Energy
  • Creative Energies
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Achieve a higher level of performance.

To obtain a bond, we need information regarding financials, a surety application, current WIP, and bank information.

Speak with an expert today about solar surety bonds.

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