Payments
Payment Timing
M1s: M1’s are paid on Sunrun/Everbright and Mosaic loans. The Scope of Work (SOW) needs to be approved no later than 8am PST every Friday morning for your company to be paid. Distribution to the individual reps may take longer due to your companies payment processes.
When Freedom Forever pulls their data for the following week’s payroll. If it doesn’t have SOW approved but has Smart Home 100% installed and it’s showing fully installed (alarm portion) in Portal, the M1 would trigger, but it would fall within the same timeframe as mentioned above – 8am PST every Friday.
Payment Definitions
SOW Confirmed: Scope of Work is sent to Sales for approval and has been confirmed. Also known as:
Contract Received and Confirmed (CRC).
M0 from the financing.
CR at some companies as "Contract Received".
M1: Milestone 1 - This is a stage that where a partial payment is made. Some companies pay an M1 payment. If the job cancels, this money will be "charged back" and generally taken out of M2 or PTO payments if the person is in good standing with the company.
M2: Milestone 2 - This is another time that the installation company often makes a payment. This happens after financing is approved. The industry is moving towards making the final payment at the time of PTO.
PTO: Permission to Operate (Also known as M3). Interconnection works with the utility to get approval to turn on the system. The monitoring team will verify the system is producing. The industry is moving towards making the time of PTO a third payment. Some may refer to this as M3.
These definitions are part of the solar training classes.
Payment Calculations
This calculator will walk you through how to calculate Net Price Per Watt on a Freedom Forever Deal. Your company will determine your pay based on sales region and Net Price Per Watt.
Net Price Per Watt is the “price per watt” (PPW) of the solar system after all adders have been removed including dealer fees and other costs.
The dealer fee is a method finance companies let home owners buy down the interest rate. If you don't have a dealer fee the interest rate will be higher.