Energetic Insurance: A solar financing startup for commercial solar insurance

 

Energetic Insurance was created to solve the counterparty credit risk problem that has stifled growth in the commercial solar industry for decades. Their main offering for solar developers, EneRate Credit Cover®, insures offtaker payment default risk, therefore opening up financing options for unrated or below investment grade organizations interested in going solar. By offering a solid alternative for developers considering an on-site or off-site solar project, Energetic looks to help solar developers expedite their project development and close more deals faster. The company also offers more comprehensive packages that include property and general liability policies, as well as production risk and tax indemnity insurance. This short video does a nice job of explaining the problem and Energetic’s solution.