Financing products are templates that account admins create to model the financial options your team presents to homeowners — loans, leases, power purchase agreements (PPAs), and cash. Once configured, financing products appear in Sales Mode so reps can present accurate payment structures without manually entering rates each time.
In this article, we'll cover:
Types of financing products
Aurora supports five financing product types:
- Loan — the homeowner borrows the full or partial system cost and repays it with interest over time. Aurora supports eight loan structures: Solar-Style, Mortgage-Style, Bullet, Interest Only, No Payment, Mortgage-Style w/ Incentive Paydown, Graduated Payment (escalating), and Payment Factor. You can also optionally configure a price adjustment (flat fee, percentage, or per-watt amount) on a loan product. See Loan Modeling Overview for details.
- Lease — the homeowner pays a fixed monthly amount to use the solar system, which is owned by a third party. Payments stay constant (subject to an optional escalation rate).
- PPA (Power Purchase Agreement) — the homeowner pays a per-kilowatt-hour rate for the electricity the system produces. Payments change month-to-month based on actual system performance and degradation.
- Levelized PPA — like a standard PPA, but Aurora calculates a flat monthly equivalent so payments stay the same month-to-month, regardless of actual system output variation.
- Cash — the homeowner pays the full system cost upfront. You can optionally configure a price adjustment (flat fee, percentage, or per-watt amount) when cash is selected. See How to Customize Cash Financing Products.
How to access financing products
- Go to Database in the left navigation menu.
- Select Quoting > Financing.
- Financing products are listed by name and product type. Use the toggle to the left of each product to make it available or unavailable to your team to use in Sales Mode. To see only active products, click Enabled.
How to create a financing product
- Click + New > Add financing product in the upper-right corner.
- Enter a Name, choose a Financing type, and select a Project type (Residential or Commercial).
- Click Add.
- Aurora takes you to the product configuration page. The fields available depend on the financing type you selected. See the related articles below for step-by-step instructions for each type.
📘 A loan financing product can hold more than one loan — this is how Aurora models split-loan structures. See Loan Modeling Overview for how these combine in Sales Mode and which settings live on the product vs. on each loan.
Related articles
- Loan Modeling Overview
- Solar-Style Loans
- Loans: Mortgage-Style
- Loans: Interest Only
- Loans: No Payment (Deferred)
- Loans: Mortgage-Style w/ Incentive Paydown
- Loans: Single Payment (Bullet)
- Loans: Graduated Payment (Escalating)
- Loan Dealer Fee
- Custom Leases & PPAs
- How to Customize Cash Financing Products