First Solar photovoltaic payment bonds.
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Developers, utilities and power producers buying First Solar photovoltaic modules typically must post payment security, and this surety bond guarantees the buyer pays what its module supply agreement or purchase order says it owes. Your contract sets the amount, so a surety specialist quotes it, usually within one business day.
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Built around your module supply contract.
First Solar sets the form and size of payment security in each buyer’s supply agreement. Here is how the bond gets from contract clause to delivered:
Send us the contract terms
Apply online with your company details, the bond amount your First Solar supply agreement or purchase order requires, and the obligee name and address. Attach the payment-security clause and any required bond form First Solar has given you.
A surety specialist underwrites it
A specialist reviews the supply contract, the size and timing of your payment obligations, and your company’s financials, then returns a quote. The application includes a soft-pull credit consent that never affects your score. Large obligations can require collateral, and we tell you before you commit.
Execute & deliver to First Solar
Once you bind, we issue the executed payment bond on the form your contract requires, with the power of attorney attached, ready to deliver to First Solar, Inc. under your supply agreement.
What it is and who needs it.
What the First Solar payment bond actually guarantees
First Solar, Inc., a Delaware corporation headquartered in Arizona, sells thin-film photovoltaic modules to utility-scale and commercial solar projects. Module purchases are large, and they are often contracted well ahead of delivery. To manage that credit exposure, First Solar states in its SEC filings that it typically requires payment security from its customers, including advance payments, parent guarantees, letters of credit, bank guarantees, or surety bonds.
This bond is the surety-bond version of that security. It is a three-party arrangement: your company as principal, the surety, and First Solar, Inc. as obligee. If you fail to pay First Solar what your module supply agreement or purchase order requires — the purchase price on the agreed payment terms, a down payment, or other amounts the contract makes due on default — First Solar can claim on the bond up to its penal sum. For many buyers, a bond is attractive because it does not tie up cash or bank credit lines the way an advance payment or letter of credit does.
Note what it is not. It is not a construction payment bond protecting subcontractors and suppliers on a solar project, and it is not a government filing: no statute requires it, and nothing is filed with an agency. Whether a surety bond is acceptable at all, and on what form, is decided by your supply contract. It is not insurance for your company — if the surety pays First Solar, your company repays the surety.
You need this bond if you’re
One application, one underwriting review.
Submit your company details, the amount your supply contract requires, and the obligee information, then send the contract clause and any required bond form. The application is part of our carrier’s solar bond program, so answer the project questions that apply to you. A surety specialist reviews everything together and returns a quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Federal bonds.
Secure your First Solar order.
Send us your supply contract’s payment-security terms, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until issued.