Underwriting 9 - FAQ Affidavits

Underwriting 9 - FAQ Affidavits

HDM Underwriting - FAQ and Affidavits


View the video or read the article below:



Topics Covered:
  1. No Building Permit Required
  2. No PTO Required
  3. Add-On/Expansion
  4. New Construction
  5. Large Storage
  6. Off-Grid


Guidelines

AHJ Says: No Building Permit Required

To satisfy the Signed Final Inspection Card requirement in M1…

−Upload a signed affidavit stating that no permit is required for this address.

Here’s the process:

  1. In M1 click: Request Affidavit
  2. Enter a comment explaining why, and hit Submit
  3. HDM will request proof that no permit is needed
  4. Forward HDM the email from the AHJ stating that no permit is required* (more details next slide)
  5. HDM will send you a Final Permit Affidavit for you to sign and upload

With your affidavit request, include the following:

  1. A screenshot of this page showing the address and the city or county. https://ahjregistry.myorangebutton.com/#/ahj-search.
  2. Email confirmation or webpage from the city/county confirming the no-permit area



All non-permitted jobs:

  1. A Utility Bill is required
  2. No placeholder is accepted


Utility Says: No PTO Required for Storage

To satisfy the NEM (interconnection agreement) requirement in NTP:

−Upload the building permit to NTP

OR

−Upload email from the AHJ stating that no permit is required


To satisfy the PTO requirement:

−Upload a signed PTO affidavit stating that no PTO is required for storage at this address.


Here’s the PTO affidavit process:
  1. In M1 click: Request Affidavit
  2. Enter a comment explaining why, and hit Submit
  3. HDM will request proof that no PTO is required
  4. Forward HDM the email from the utility stating that no PTO is required
  5. HDM will send you a PTO Affidavit for you to sign and upload


Add-on / Expansion

All Add-on systems REQUIRE:

  1. Building Permit (no permit affidavit allowed)
  2. Upload Final Inspection
  3. Dedicated/New Inverter

If old inverter: customer signs monitoring complication waiver



System Replacement

All Replacement systems REQUIRE:

  1. Pictures of original system (that's being removed)
  2. New Building Permit to be submitted at NTP (no permit affidavit allowed)
  3. No Off-grid replacements are accepted
  4. No replacement systems are allowed on systems that are less than six year sold.

No Utility Bill or Interconnection Agreement (NEM)

If you are unable to obtain a Utility Bill or an NEM/Interconnection Agreement from your customer:

  1. Upload the issued Building Permit

This may be necessary for new construction




No Splitting Large Storage Projects

Requirement:

Large storage deals can’t be split into 2 smaller systems.

The entire system needs to be on a single agreement.



Off-Grid Deals

Off-grid deals have no utility interaction

  1. No PTO Requirement (no grid no PTO)
  1. Requirement: Upload a final building inspection
  2. Requirement: No permit affidavit allowed (must be a  permitted project)

Note:  These deals are exceptional and low volume. These take longer to fund since not all investors are willing to accept them.



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