ReneSola and PowerGuard Renew Product Warranty Insurance with Enhanced Coverage [Manufacturing Close – Up]

Proquest LLC

ReneSola, a brand and technology provider of solar photovoltaic ("PV") products, announced that it has successfully renewed its PowerGuard warranty insurance policy through August 2014.

According to a release, the policy began in 2012 and provides immediate coverage for all ReneSola solar panels that covers product quality and performance and includes upgraded policy features and a deductible that is half of what the original policy offered.

"Being able to offer third party insurance coverage to supplement our manufacturer's warranty provides tremendous peace of mind to our customers," said Henry Wang, chief financial officer of ReneSola. "We began offering PowerGuard insurance in mid-2012 for our modules. We're excited to now offer the same coverage for our AC Modules. PowerGuard conducted extensive due diligence on our modules to ensure they're insuring a product that will indeed last as long as the warranty promises, which in the case of ReneSola is 25 years."

"ReneSola has made tremendous strides in the U.S. market over the past year, since bringing its longstanding experience and company operations to this market in May of 2012 and PowerGuard has contributed substantially to ReneSola's domestic success," added Wang.

"We are pleased to have partnered with a high quality Tier 1 module supplier such as ReneSola," said Mike McMullen, managing principal of PowerGuard. "We hope that developers, integrators, and installers in the U.S. PV market will benefit from this policy extension, who should have confidence that they are investing in a quality product when they buy from ReneSola."

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