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Our Lowest Payment Ever!
You can now use Calfirst’s PACE program to fund the HDM Capital Prepaid PPA.
Steps to run a deal through this Process are:
Request a Proposal and select “Calfirst/HDM Capital”.
In the Requested Price Per Watt, place the amount you want your Commissions Based on. Do not factor in any prepaid benefits.
Synergy will produce a HDM PPA proposal containing the amount to be financed with Cal First.
Go into your Cal First Login and get your customer’s credit approved. You can also call Cal-First at 855-545-0264, or Faith Murphy with Cal-First @ 530-386-5851. She is our local Rep.
Then ask Synergy’s back office to complete the project details in the Cal-First portal, and we will send out the loan docs.
Synergy will then send the HDM Capital Prepaid agreement to the customer for signature.
Synergy will then send out a Synergy Contract for Signature.
HOW IT ALL WORKS
The Pre-Paid PPA makes it possible for you to finance 80% of the Cash Amount of the project.
The 80% will have financing fee’s added, which is the projects Actual Price. The 25 Year 4.79% APR & 30 Year 4.99% APR have 15% dealer fees.
With 80% of the agreement, HDM Capital Funds the other 20%.
Extending payments out to 25 or 30 Years AND only financing 80% of the project creates a VERY low payment. THEN, you deduct the interest on the loan because it is ran through a PACE program, you see AMAZINGLY low payments.
Proposal Says the system is 7500 watts. You want the project at $4.00/watt. (Saving The Customer $230/month)
You will have a cash price $30,000.
You will Finance 80% of that $30,000 and add 15% in Dealer Fee’s. $24,000 / .85= $28,235 <— Amount to Finance Through Cal First.
The (30 Year) Monthly Payment will be $171.99. Then deduct the interest write-off of $46.72. This is a payment of $125.27.