Background:
On August 15, EverBright changed it’s pricing. These changes are necessary given recent monetary policy changes, specifically the continued increase of interest rates by the Federal Reserve. You can read more on the topic here.
Change: The change depends on if the partner is on pro pricing or standard pricing plans. Here’s how to check pricing: How do I know which pricing is active on partner account?
Standard Pricing: EverOwn dealer fees increased by 1 percentage point (1%) across the board, except for a 3 percentage point increase for two of our 25-year rates (5.99% and 6.49%).
Pro Pricing: EverOwn dealer fees increased by 1 percentage point (1%) across the board (no change for the 25-year rates).
Note: As of 8/15, most EB approved partners are on Pro Pricing plan, so will see a 1% increase in DF across the board. Only the following are on Standard Pricing and therefore would see an additional increase on the 25-year rates:
Dawn to Dusk Solar Texas
Premo Roofing Company
Pure Energy Solutions Inc. DBA We the People Construction
Solar 360 Building Services, Inc.
Spring Solar
What does support need to look out for?
Pre-M1 jobs
Invalid Quote Icon:
If a quote is created with the old pricing, and the quote does not have a contract, the quote should be invalid and unable to move forward with a contract. Installer would need to requote with the new pricing
Invalid credit icon:
If qualification has not been approved, they would need to use the new pricing; that's available Credit ineligible, new pricing / new EB products
Resigns allowed: How to handle contract signs/re-signs due to pricing update
If a contract is signed with the old pricing, a re-sign is allowed at any time until credit expiration if this re-sign does not change install cost.
This means, that if the installer's intention is to keep the install cost and homeowner payments the same but needs a new contract for an address or name fix.
Resigns with old pricing not allowed:
If a contract is signed with old pricing, a re-sign that includes a change to the installation cost will use new pricing (regardless of the time since the contract is signed)
Old pricing not allowed if submitted for M1 after 30 days:
Deal Processing may reject M1 if they’ve submitted more than 30 days after the contract is signed with old pricing.
If this occurs, they will need to requote and sign a contract using the new pricing
M1 Approved jobs
If a contract is signed with the old pricing, re-signs in any subsequent milestone will use the old pricing regardless of what changes