Often a local or county government and/or the owner (the lessor) of a piece of land or rooftop leasing space for a solar project will require a decommissioning bond. This bond guarantees that at the cessation of the energy producing activities or, at the end of the energy output life of a project, an annual bond or multi-year prepaid bond is in place to disassemble the energy project and restore the property to its original condition in the event that the developer/IPP does not do so as agreed either by state law, local ordinance, or as outlined in the original agreement with the lessor. Often obtaining a permit to proceed with construction and/or the placement of a meter requires a decommissioning bond be in place.
In some cases, an interconnection bond may be required amongst contractual parties. Unique Surety can provide that bond to the eligible party.
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