How to set up a LEASE payment option

You are able to set up and customize the terms of any payment option (e.g. Lease) in the Control zone of OpenSolar (Control > Pricing & Payments > Payment Options).

This option allows the customer to enter into a lease agreement for the PV system and pay for the system over a period of time with fixed monthly payments.

To create the payment type, click on  on the top left-hand corner of the list of payment options. You will get the page below:

• Give your payment option a title (Note: This is how the payment option will appear in your proposal).
• Give your payment option a short description.
• In the Payment Type drop down, select Lease (Beta).
• You can toggle Collect Signature at Checkout to collect the customer's signature at checkout. (Note: this will not appear if you have not got Customer-Checkout Enabled)
• Choose a payment frequency from the drop-down menu.
• Then you can set the Term (No. of Months or Fortnights) for the lease agreement, depending upon the payment frequency selected above..
• The interest rate (%) for the lease agreement.
• Enter the amount for the Dealer fee ($) which would be included in the down payment amount or in the regular payments.
• The Down Payment amount can be set by entering a % value of the total price of the system and a Minimum & Maximum ($) value can also be set.
• You can also set the brokerage rate (%) and the annual escalation (%) for the lease payments.
• The payment timing, Beginning or End of the term can be set using the drop down.
• Enter any additional details or notes which would be visible on the proposal along with any disclaimers below the Payment options on the proposal.
• Finally, you can select whether you would like to enable Auto-Apply for this option and fill out the details for this.
• Use the text-editor to enter in the Terms and Conditions which are specific to this payment option and will only be displayed when this option is selected.
• Click the   button to finish creating this payment option.