In the solar loan process, NTP stands for “Notice to Proceed.” This is an important milestone that signals when a project has been fully approved and is ready to move forward with installation.
What NTP Means
NTP is the official approval from the bank authorizing the installer to begin work on the project.
Once NTP is issued, the customer’s loan has been reviewed, all required documents have been submitted, and the bank has confirmed that the project details meet lending criteria.
Installers should not begin installation prior to receiving NTP, as funding is not guaranteed until this approval is in place.
Why NTP is Important
Protects the customer – ensures their financing is secured before work begins.
Protects the installer – guarantees that the project has been reviewed and approved for funding, reducing risk of payment issues.
Ensures compliance – confirms that all necessary documentation and approvals are on file before installation starts.
What Happens After NTP
Once NTP is granted, the installer can schedule and begin installation.
The project then progresses toward milestone funding requests (such as roof funding, installation completion, or final project completion funding).
Installers should continue to upload required documents at each stage to maintain eligibility for fund release.
Summary
Notice to Proceed (NTP) is the lender’s official “green light” for a solar installation project. It confirms that financing is secured, documents are complete, and work can move forward. Installers should always wait for NTP before beginning installation to ensure compliance and guarantee funding.