U.S. Treasury Tackles Inflated Solar Cash Grant Applications - Part II

The guidance provides some "pointers" to owners of solar systems who may have fact patterns that will relegate them to the dreaded "close scrutiny" line. As a preliminary matter, any markup or increase above cost should be supported by an independent appraisal. The appraiser should use a "bottom up" cost approach, starting with the manufacturer's cost and should specifically evaluate the markup and benchmark it against other market comparables for similar solar projects.