In each proposal you send out to your customer you are able to display up to 4 key metrics, or what we call Featured Figures. Featured figures can be set in the Proposal Template Settings within Control> Purchase Experience.
In the tables below are a list of all the current featured figures that you can select from. We have categorized them into 4 main types so you can easily scroll through and find the featured figure you are looking for:
- Technical Metrics - technical descriptions and metrics to evaluate the performance of the proposed system.
- Utility Bill & Savings - anything related utility/electricity bills or savings.
- Financial Metrics - metrics to evaluate the financial performance of the proposed system.
- Pricing & Payments - anything related to the pricing and payments of the proposed system.
Technical Metrics
|
Featured Figure |
Description |
|
Annual Electricity Drawn from Grid |
Total kWh of electricity imported from the grid. |
|
Annual Electricity Usage |
Total kWh usage. |
|
Annual Solar Generation (Year 1) |
Total kWh solar generation in the first year of the system’s operation. |
|
Battery Size |
Aggregated kWh storage capacity of all batteries designed for that system. |
|
Capacity Factor (%) |
The ratio between actual kWh generation divided by the maximum possible energy output for that system's nameplate capacity in 1 year. Given by: The capacity factor roughly ranges between 10 - 25% depending on location and system design. |
|
Consumption Offset (%) |
The total kWh generation divided by the annual electricity usage. |
|
Daily Solar Generation (Year 1) |
The average daily solar generation in the first year of the system’s operation. |
|
Energy From Solar (%) |
The total kWh generation divided by the annual electricity usage. |
|
Grid Independence (%) |
Percentage of a project’s annual usage that is covered entirely by solar generation. Given by:
|
|
PV System Size |
Rated kW Capacity of the PV system. |
|
Self Consumption (%) |
Percentage of energy produced by the solar system that is self-consumed, or used directed by the load. |
|
System Lifetime |
The system lifetime of the designed system. |
Utility Bill & Savings
|
Featured Figure |
Description |
|
Annual Energy Cost After Solar |
Total energy cost in the first year after installing solar. This includes the utility bill cost plus any payment amounts from loans, leases, regular payments or PPAs. |
|
First Year Savings |
The savings in energy cost if the customer was to install the system designed in the first year. This is given by the old electricity bill minus the new electricity bill plus any payment amounts. |
|
Utility Savings Per Bill |
Estimated savings per electricity bill received in the first year of installing the system. |
|
Utility Savings (Lifetime) |
The estimated lifetime electricity bill savings. |
|
Utility Savings (Year 1) |
The estimated electricity bill savings in the first year of installing the system. |
|
Utility Bill Year 1 (After Solar) |
The estimated electricity bill in the first year of installing the system. |
|
Utility Bill Year 1 (Before Solar) |
The estimated electricity bill if the system was not installed. |
|
Lifetime Utility Bill (After Solar) |
The estimated total electricity bill paid if the system was installed over its lifetime. |
|
Lifetime Utility Bill (Before Solar) |
The estimated total electricity bill paid if the system was not installed over its lifetime. |
Financial Metrics
|
Featured Figure |
Description |
|
Payback |
Simple payback period. It refers to the time it takes to recover the cost of an investment. |
|
Discount Payback Period |
The time it takes to recover the cost of an investment, taking into account the time value of money as defined by the discount rate. The discount rate can be set in Control > Design & Hardware > Setbacks & Design Settings > Simulation Settings. |
|
Net Present Value |
The value of all future cash flows over the system lifetime.
This is calculated by dividing the years n total cash flow by (1+ discount rate)^n or using the following formula: The discount rate can be set in Control > Design & Hardware > Setbacks & Design Settings > Simulation Settings. |
|
Total Return on Investment |
The ratio of profit or loss over the system's lifetime with the initial investment of purchasing that system is expressed as a percentage. Also known as the rate of return (ROI). This is calculated by dividing the total return by the amount invested and then multiplying the value by 100 |
|
Rate of Return on Investment |
Also known as the internal rate of return, is a discount rate that makes the net present value of all cash flows from a project equal to zero. |
|
Levelized Cost of Energy |
The levelized cost of energy (LCOE) is the average avoided cost per kWh of electricity produced by the system. The formula for levelized cost of Energy or LCOE would be the division of two different sides. At the top we have the Cost(i) divided by 1+ the discount rate to the i power. At the bottom we have the electricity generation to the i power being divide by 1 plus the discount rate to the i power. The solution of the top and bottom formulas are then divided to arrive at the final result. The discount rate can be set in Control > Design & Hardware > Setbacks & Design Settings > Simulation Settings. |
|
Net Savings (Lifetime) |
Lifetime net savings. This value can be negative if cost is greater than savings. |
Pricing & Payments
Each of the pricing and payment featured figures have 3 separate options to show either the tax inclusive or exclusive amount, or the Auto inc/ex tax option. The Auto inc/ex tax option will have the following behaviour:
- If commercial project, show the tax exclusive amount
- If residential project, show the tax inclusive amount
- If there is no tax percentage defined in system pricing, or that the tax amount is 0%, the featured figure text will not specify whether it is tax inclusive or exclusive.
|
Featured Figure |
Description |
|
Total System Price Total System Price (Auto inc/ex tax) Total System Price inc tax Total System Price ex tax |
The total system price is the price to the customer before applying any upfront incentives. |
|
Purchase Price Purchase Price (Auto inc/ex tax) Purchase Price inc tax Purchase Price ex tax |
The purchase price is the principal price the customer has to pay for the system. It is given by: |
|
Payment Amount Payment Amount (Auto inc/ex tax) Payment Amount inc tax Payment Amount ex tax |
It shows the payment amount for each period as defined by loans, leases and regular payments. For cash payments, it is the same as the Purchase Price, or upfront amount the customer has to pay. For PPAs, it shows the $/kWh cost of electricity as agreed upon on the PPA. |
|
Net System Price Net System Price (Auto inc/ex tax) Net System Price inc tax Net System Price ex tax |
The net system price is the cost to the customer after accounting for all incentives. This includes any direct customer incentives received after installing the system. |
|
Net Payment Amount Net Payment Amount (Auto inc/ex tax) Net Payment Amount inc tax Net Payment Amount ex tax |
It shows the payment amount for each period as defined by loans, leases and regular payments. For cash payments, it is the same as the Net System Price, or the cost to the customer after accounting for all incentives. For PPAs, it shows the $/kWh cost of electricity as agreed upon in the PPA. |
|
Net Cost |
It is the same as Net Payment Amount inc tax. The only difference is that the featured figure text for cash payment options is "Net Cost of this solar system" instead of "Net System Price including tax". |
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