Funding Week 1 Quiz
Funding Week 1 Quiz
Test your knowledge about the funding process in the solar industry! This quiz covers key concepts that are essential for understanding financing options and payment structures.
Key topics include:
- M1 and M2 definitions
- Change orders and project management
- Payment caps and dealer fees
What is an M1?
Post Install Payment
Post Sale Payment
Permit Approved Payment
Notice to Proceed Payment
What is an M2?
Post Install Payment
Post Sale Payment
Permit Approved Payment
Notice to Proceed Payment
What is an MPU? ( Select all that apply)
Electrical upgrade
Main Panel Upgrade
Main Price Upgrade
Main Power Upgrade
When do change orders occur?
Before NTP
Before install
After Install
Throughout the project
What is the Solar price per watt cap (PPW)?
10.5
10.25
5.5
5.0
What is the Max Price Per Watt with Dividend for Solar and Adders?
10.5
10.25
10
5.5
Photos are needed to submit M1
True
False
If there are no adders, you need to submit an invoice
True
False
How often do you check for new deals in the M2 bucket?
Every Few Days
Once a week
A few times daily
Once a day
What is the cut off time for submitting same day M2 approvals?
10:30 am
10:00 am
8:00 am
Whenever you feel like it
What is needed to submit an M2 for Dividend when a deal has adders? ( Select all that apply)
Sales Agreement
Site Survey Photos
Invoice
Photos of install
Photos of adders
Photos of yourself
Change order
When do we put a project on hold?
When we are not happy with the deal
When there is an error on the agreement
When something seems off
When the customer isn't happy
What is a dealer fee?
A fee that deals with Fluent
A charge from the bank
What we charge the bank
No clue
What loan companies do we work with currently? ( Select all that apply)
Mosaic
Dividend
SunGage
Greensky
Concert
Goodleap
Sunnova
How do we charge cash customers?
1500/50/50
1500/90/10
1500/85/15
1500/60/40
Is Solar a Scam?
True
False
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