On the Financing page in Sales Mode, you can select a financing product — either a custom financing product created by the account admin, or one available through a financing integration — to present to a homeowner. The selected product will then be used to determine post-solar monthly payments, lifetime savings, incentive eligibility, and more.
Table of Contents
- Selecting a Financing Product via the Drop-down Menu
- Editing Financing Settings (if enabled by Admin)
- Changing Financing Products via the Pricing Page
Selecting a financing product via the Drop-down Menu
Select a project, open Sales Mode, and click on the Bank icon to navigate to “Financing."
Next, select Edit financing and then choose your preferred financing type from the first (left) drop-down menu. In this section of the two-part drop-down, you’ll see:
- Integrated Financiers (activated by Admins in Settings > Integrations)
- Aurora custom loans (configured by Admins in Database > Financing Products)
-
Cash Financing
Then use the second (right) drop-down to select a financing product. In this section, you’ll see any products pulled in via a Integrated Financing (this is configured with the financier’s portal, not within Aurora) or Custom financing products created by your account Admin. Note: if ‘Cash financing’ was selected in the first part of the drop-down menu, the second part will automatically populate.
For loan products, you can then select the option to “Add down payment” and enter in a dollar amount for the loan’s down payment.
If you would like to switch to a different financing product or type, simply repeat the steps above and all relevant calculations will run again.
Use the Pricing tab, accessible via the $ icon at the top of the screen as shown below, to select any adders, discounts, and incentives you’d like to include.
Note: Before selecting a financing product, including any adders, discounts, or incentives relevant to the project is a critical prerequisite step for accurately calculating a financing product’s impact on monthly payments and lifetime savings.
Editing Financing Settings for Designs (if enabled by Admin)
Admins (as well as any users with an Advanced Role type for which the Admin has enabled the Edit Financing settings option) can adjust financing settings like project life, discount rate, degradation %, inverter replacement costs, and more at the individual Design level.
From the Financing page in Sales Mode, click the gear icon in the upper-right to open the Advanced Financing Settings tray.
For residential projects, the Advanced financing settings tray includes the following options:
- Project life (years)
- Tax utility bill savings (yes or no)
- Degradation (% per year)
- Inverter replacement cost ($ per watt)
- Inverter life (years)
- Cash flow discount rate (%)
Click Edit in the lower-right to make adjustments to these settings, then click Save in the lower-right to confirm your selections.
For commercial projects, the Advanced financing settings tray includes the following options:
- Project life (years)
- Tax utility bill savings (yes or no)
- Degradation (% per year)
- Inverter replacement cost ($ per watt)
- Inverter life (years)
- Cash flow discount rate (%)
- National deprecation
- Local deprecation
- Fixed O&M cost ($ per kW per year)
- Variable O&M cost ($ per kWh)
- O&M cost inflation (% per year)
- O&M tax deductible (yes or no)
Click Edit in the lower-right to make adjustments to these settings, then click Save in the lower-right to confirm your selections.
Changing Financing Products via the Pricing Page
The Pricing page, accessible via the $ icon shown below, is used to select any adders, discounts, and incentives you’d like to include.
Notably, you can also update your selected Financing product from the Pricing page. Click the pencil icon in the upper-right of the page to open a slide-out menu.
Use the drop-down on this page to select an alternative financing product, and click “Done” in the bottom right to save your changes.