The goal of this is to protect consumers from predatory sales representatives in the solar sales industry. This industry has been rampant with massive fraud and many people are being ripped off by being lied to by their sales representatives. This is negatively impacting a very good and profitable business model. Many elderly people are told they are going to get a check from the Federal Government which is not true because the Tax Credit requires that someone file a tax return. The industry is at risk of imploding as a result of this massive fraud.
I propose that a Mandatory License be created similar to the NMLS where Mortgage Officers are required to be nationally licensed and pass credit requirements to be able to offer financing. This will protect consumers and prevent fraud and bad actors in the industry.
Creating a standardized contract model similar to the loan application of the mortgage industry will allow for the current finance industry to more easily underwrite these loans making them safer for lending and provide lower costs and rates to consumers who choose to purchase solar with a loan or a lease.