At Wunder, we do our best to make sure that we are only requesting information that we absolutely need at each stage of the process. Our review process is split into multiple steps so that if there is an obvious red flag in your application, we can identify it right away.
Below you will find a list of the information that we require at each stage of the review process. While this list is comprehensive for most projects, Wunder may need to request additional information or documentation to complete the diligence process. Documents can be provided by the borrower or by the Wunder Partner.
Initial Review
In order for Wunder to successfully complete an initial review of your project, a Project Submission is generally all that is needed. However, you may get an email requesting clarification before receiving your Preliminary Offer. Login to submit an application. For more information about the submission process see Submitting a Project for Financing
Approval
As you might expect, the approval phase of the process is when most of the documentation is needed. If your project reaches this phase and you do not have some of the requested information, please let us know as soon as possible so that we can determine whether exceptions can be made or if we'll need to wait until those documents are available before proceeding.
Disbursements
Before each disbursement, Wunder requires some additional documentation. There are documents that Wunder requires before the First Disbursement and documents that Wunder requires before the Final Disbursement. There are also documents that Wunder requires at each Milestone Disbursement to demonstrate milestone completion (Equipment Procurement, Mechanical Completion, and Substantial Completion). For example, if the First Disbursement is also the Mechanical Completion Disbursement, we will need all of the documents from the First Disbursement list as well as any additional documentation required at the Mechanical Completion milestone before disbursing funds. If you are not seeking construction financing, you will only receive one disbursement, so we will require everything from the First Disbursement and Final Disbursement List before disbursing funds, as well as a System Inspection that will be commissioned by Wunder. For more information on our disbursement process, please review our Disbursement Milestones and Disbursement Schedule articles. Let us know if you have any questions or concerns about our data requirements.
Approval Data Requirements |
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Project Cash Flow Model |
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Site Utility Data |
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Offtaker Financial History |
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Engineering Designs |
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Panel & Inverter Info |
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System Production Estimate |
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Offtake Agreement |
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Site Control Contract |
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Incentive Documentation |
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Borrower Manager’s Cash Position |
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Borrower Manager’s Articles of Incorporation |
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Borrower Manager’s Operating Agreement |
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Community Solar Subscriber Agreement (s) |
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Community Solar Subscription Management Agreement |
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Partner Application |
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Construction Contract |
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Borrower Articles of Incorporation |
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Borrower Operating Agreement |
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Assignment Agreement |
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First Disbursement Data Requirements |
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Interconnection Agreement |
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O&M Agreement |
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Substantiation of Roof Suitability for Solar |
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Inspection of Previous System |
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Borrower SS4 |
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Borrower Bank Account Connection |
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Photo of Borrower Financial Point of Contact’s Driver’s License |
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Beneficiary Bank Account and Routing Numbers |
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Liability Insurance |
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Property Insurance |
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Equipment Procurement Disbursement Data Requirements |
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Invoices |
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Stamped Engineering Design Plans |
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Mechanical Completion Disbursement Data Requirements |
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Permits |
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Photos of System |
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Invoices |
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Substantial Completion Disbursement Data Requirements |
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System Inspection |
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Green Tags |
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Invoices |
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Final Disbursement Data Requirements |
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As-Built Engineering Design Plans |
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Invoices |
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Interconnection Agreement |
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Proof of Interconnection |
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Memorandum of Lease |
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Collection Account Beneficiaries' SS4 or W9 |
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Collection Account Beneficiaries' Bank Account and Routing Numbers |
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Substantiation of 100% Subscription |
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Access to Ongoing Subscriber Base (Community Solar Projects Only) |
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Relevant Documentation Related to Waterfall Configuration |
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Please note that we may need to request additional information that is not included in this list
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