Video: Set up and use Finance Plans
Set up a finance plan
From the admin menu, click manage suppliers.
If the finance company is not yet listed as a supplier, click add supplier
Enter the finance company’s Name and set Company Type to Finance Provider.
In the Admin menu, click Manage Finance Plans, then click Add Item.
Enter the appropriate values for each plan type.
Add a loan / lease / PPA to a quote
On the specific quote, go to the bottom of the the View Quote page
Select the required finance plan, adjust any values if necessary, then click Apply.
Once applied, a unique instance of that finance plan for that customer will be saved.
After applying a plan to a quote, a unique “offer” is created, which can be viewed in the Manage Finance Plans section.
If you have edited a finance plan in the Manage Finance Plans section and which to re-apply it to an existing quote, please select the non-specific finance plan and apply it to the quote.
Finance Types
Loan
A loan should account for the entire cost of the system, and may be split between a deposit and repayments. The deposit + loan amount = system buy price. Loan repayments are considered in the cashflow and Return on Investment calculations.
Lease
Similar to a loan, however the ownership of the system is held by the finance provider until the end of the term. There is an additional option for a buyout price where relevant.
Mortgage
Similar to lease, subject to the conditions of the finance agreement.
Cash + Part Finance
This category is specifically created for the SolarVIC loans, and means that part of the payment of the system is a loan from SolarVIC, and the remainder is a cash payment.
Power Purchase Agreement
2 common variations are:
solar + storage (total production)- the customer has 2 bills, 1 from their regular electricity retailer and 1 from the PPA provider. The consumer pays the PPA provider for the solar and battery energy that they consume.
all consumption - the finance provider is also the electricity retailer. The consumer only gets 1 bill, and they pay a single rate for all of the energy they use.
Annual adjustment = annual increase in the purchase price
Smart Ease (Energy Ease) Integration
See how to set up the Integration here ➡️
Solar Victoria loan settings
In the Admin menu, click on Manage Suppliers, then click Add Supplier
Add Solar Victoria and set Company Type to Finance Provider.
In the Admin menu, click Manage Finance Plans, then click Add Item.
Enter the following values:
Solar Victoria Solar Loan
Solar Victoria Battery Loan
On the specific quote, on the
View Quote page, adjust the Total Loan Amount if required, and click Recalculate Payment then Apply.
Note that the Deposit value should be $0.
