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- Reduces the annual estimated energy production in future years, as displayed in Sighten proposals
- Financial impacts in solver and quoting process - lower production in future years due to degradation will affect financial model accordingly, including:
- Payments over time (e.g., future year's estimates)
- Post-Solar Utility solar utility bill
- Future year's cash flows
- Solar savings, return on investment, and payback calculations
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Production degradation rates are configured by financial product and may vary from one to the next, depending on the Financierfinancier's designation. For example, the default degradation rate for cash purchase quotes is set to 0.7% per year but a Financier financier may have set it to a different value for their solar financing product.
To configure the production degradation rate for your cash purchase quotes, please contact Sighten support at support@sighten.io and submit a request. To configure the production degradation rate for other solar financing products, please contact the Financierfinancier's representative and submit a request.
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Since production degradation rates are configured by financial product, a Financier financier can designate a fixed degradation rate for the lifetime of their financial product. The default value is set to 0.7% per year but can be revised to a different value. Please contact your Sighten Account Manager and/or submit a request to Sighten support.
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