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Price Changing - New EB Financial Products/Retiring of old Products

Price Changing - New EB Financial Products/Retiring of old Products

Owned by annelouise
Last updated: Nov 07, 2022 by Deanna Collia
2 min read

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?

How to differentiate between the old pricing / retired products and the new pricing / new products:

  • Retired products will have the date of retirement marked next to them like this:

    ProductName - Date

  • Pre-M1 jobs

    • When is old pricing still eligible?

      • If they had a quote with old pricing and had already passed credit - they could use the existing quote/credit on a contract and proceed - until credit expires.

    • Invalid Quote Icon:

      • If a quote is created with the old pricing, and the quote has not yet passed qual and 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:

    • Resigns allowed: How to handle contract signs/re-signs due to pricing updatearchived

      • 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.

  • 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