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Production degradation rates are configured by financial product, meaning that the same degradation rates applies to all solar energy systems within a financial product. organization. Some of our integrated PPAs and leases have a specified degradation rate that superceeds the organization's degradation. The default degradation rate is set to 0.7% per year and functions as follows:
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Production degradation rates are configured by financial product and organization, and sometimes by financing product. If a financier has elected to configure a specific degradation rate for their product, that rate will supersede the degradation rate set by the organization. Financing product degradation rates may vary from one financial product to the next, depending on the financier's designationconfiguration. For example, the default degradation rate for cash purchase quotes is set to 0.7% per year but a financier may have set it to a different value for their solar financing product. This only impacts our integrated financing products. All other products will use the organization's degradation rate.
To configure the production degradation rate for cash purchase quotes at your company, please contact Sighten support at support@sighten.io and submit a request. To configure the production degradation rate for other integrated solar financing products, please contact the financier's representative and submit a request.
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