Present a comprehensive comparison among two finance choices, in addition to a cash payment alternative, offering your customers detailed insights.

• Finance Down payment
  • For financed projects, the down payment is the upfront amount a customer pays, if any, at the time of contract signing.
  • You can adjust the Down Payment amount on any quote by opening the Finance Options menu for either Financing option.
• Contractor Fees
  • For financed projects, some lenders charge a “Contractor Fee” which is the amount a Contractor must pay the lender in addition to any monthly payments made by the customer.  This amount is typically added to the total project cost to get the “total financed amount”.
  • You can adjust Contractor fees for any financing product in either the Finance Setup or on any quote by opening the Finance Options menu for either Financing option.  Contractor fees can be entered as either a percentage or fixed amount.
• Depreciation
  • You can include either Bonus or MACRS Depreciation (%) on any quote by opening the Finance Options menu for either Cash or Financing options.  The depreciation benefit will be calculated based on the Income tax rate assumed on the Finance Page.
• ITC
  • The Federal Investment Tax Credit (ITC) is a tax credit that reduces the federal income tax liability for a percentage of the cost of a solar system that is installed during the tax year.
  • You can adjust the ITC eligibility and amount (%) on any quote by opening the Finance Options menu for either Cash or Financing options.
• Payback Period
  • The Payback period is usually associated with a cash purchase of a solar project.  The payback period is basically the amount of time that it takes the savings from a solar system to “payback” the initial investment, net of any incentives and tax credits.