August 2022 Partner Update

BPS UPDATES

• Utility Bills at Lead Submission - On average, we see projects installed 6 days faster when an approved utility bill is provided at time of proposal request! This helps eliminate funding kickbacks and change orders as well as potential delays later on in the process. We strongly recommend submitting the utility bill with the lead when possible!

FUNDING UPDATES

• Loan Products - As a result of the Fed's recent rate hikes, loan providers are adjusting dealer fee schedules for most loans to account for the increased cost in consumer borrowing. Also, some low APR products are being removed altogether. For a full list of options and updated dealer fees which go into effect August 15th, click here.

• Sunrun $1,000 Referral - As a reminder, Sunrun offers $1,000 for any referral from existing customers installed by BPS. Referrals can be added when submitting a lead on the proposal request form under the "Referred By" section. Referrers can expect to receive the $1,000 VISA gift card from Sunrun 8-10 weeks after the referral's system is fully installed.

MARKET UPDATES

• Inflation Reduction Act of 2022 - The latest version of the bill restoring the ITC to 30% for ten additional years was passed Sunday in the Senate. The bill will make it to the House this week or next and is subject to change until signed into law. The industry is optimistic and will help further drive clean energy adoption in the US!