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Setting financial defaults

For standard Easy PV users, you can set up financial defaults in ‘My Account’ > ‘Preferences’ > ‘Financial’. For Pro teams wishing to set team defaults, these can be found in 'Pro Account Settings' > 'Financial'. These defaults can be overridden on a per-project basis. 

Main settings

  • Projection term: The number of years you wish to make financial projections. This should be approximately the expected lifespan of the equipment. 

  • Inflation rate: this is the Inflation rate for your financial projection. (Note: the Bank of England target rate is 2%). 

  • Panel degradation rate: panels gradually reduce in output as they degrade over time. Set the rate at which the output of the panels decreases each year.

  • Discount rate: a discount rate is a means of determining the current value of something (like income or savings from a PV system) that you'll receive in the future. 

  • Default value of self-consumption: you can select MCS, Easy PV or a custom percentage. 

Tariffs 

Easy PV self-consumption supports using variable tariffs but if you use MCS performance calculations or wish to use a flat rate, you can set the defaults here. They can be indexed to inflation, above inflation, fixed or none. 

Automatic pricing calculator

This is where you can tailor the financial settings so you do not have to make significant adjustments on each project. You can set up rules based on look-up tables or a set markup and then set costs for the delivery and installation and optionally scaffolding, roofing, electrical, travel costs and any additional services you provide. 

A full guide on how to set this up can be found here in the automatic pricing guide. 

Manual pricing markup 

If you are not using the pricing calculator, you can set a default markup which is applied to the cost of goods.

Tax settings

Usually business customers will be able to reclaim tax, while domestic customers cannot. Here you can set defaults for the tax rate for material and services and select whether the customer will be able to reclaim the tax. 

Saving rules 

Create savings rules which can be used in the financial task. You can set them to appear on every project or only be applied if a given accessory is present and can add savings based on a percentage of bills, percentage of annual generation, fixed monetary amount or a saving in kWh each year.

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