Purchasing a photovoltaic system represents savings on your electricity bill at the end of the month. However, it is not always possible to make this acquisition in cash, and it is necessary to search the market for a way to make this investment viable.
A common solution is financing for the purchase of photovoltaic kits. However, so that realizing your dream of having a solar system does not turn into a nightmare, it is essential to take some care so as not to make mistakes. See the main ones.
1) Poor communication with the end customer
Before we explain the impact of the failure, let us demonstrate the meaning of five syllables that together form a word that is extremely relevant in our daily lives: communication. According to the Michaelis dictionary (2021), communication is “an act that involves the transmission and reception of messages between the transmitter and the receiver, through oral, written or gestural language, by means of conventional systems of signs and symbols.”
It is of utmost importance to have excellent communication with the end customer (the person purchasing the product). photovoltaic kit). You need to be aware of several aspects of your purchase, as well as be aware of the credit analysis by the financial institution.
It is very common for refusals or cancellations to occur. financing proposals precisely because the intermediary company did not inform the customer about the contact that the bank will make – as a result, we arrive at the result: a huge inconvenience.
As soon as the financial institution's central office contacts its client, there are confirmations to be carried out, such as: conditions of the proposal and linked company. It is exactly at this step that the entire approval potential declines, precisely because the credit analyst informs the corporate name (or trade name) of the distributor and not the installing company,
However, the negotiation falls into the following scenario: the end customer knows about the intermediary company (installer) that is selling the entire project. However, he has no idea who the distributor of the equipment is. Logically, when he receives contact from the bank, he will be unaware of the purchase.
Once the bank sees that the bank is not aware of the purchase, it is unlikely that the proposal will be reversed in a short period of time. The rule is clear: keep your end customer informed about inquiries into their CPF and contacts that will make them. Financial Institution will carry out so that there are no problems.
2) Outdated data and information
Sometimes it is difficult to collect too much information that financial institutions request, on most occasions intermediary companies (installers) feel uncomfortable asking for documents from the client. However, it is necessary to have updated files in order to avoid errors that could delay the completion of the sale.
After maintaining good communication with the client, simply explain that the requested documents are important and necessary to optimize time and make the process more efficient and secure. Note: in addition to downplaying the importance of the documents, here is a tip about the LGPD (general data protection law). If you are reading this article, you should be aware that you are responsible for the transfer of files and their security.
3) Make last-minute adjustments that impact the financed amount
It is essential that before sending the financing proposal, the entire project (in terms of values and items) is pre-defined. But why?
Your client is constantly changing their CPF/CNPJ and, as a result, their financial profile (score) may change. In other words, there is no way to guarantee approval for a long time, precisely because the risks will never be the same. The score is an indicator of your financial profile and can be consulted by companies and banks. It is a score between 0 and 1000 that indicates the probability of someone being late or not paying a bill.
This score is considered by financial institutions and companies before granting credit – whether through a card, loan or financing. (Source: NUBANK, 2021). It is worth noting that most Financial Institution has rates that vary according to the customer's profile, that is, it is another point to be aware of, as in the event of a possible adjustment, the approved conditions will hardly be the same.
Financing: main barriers, strategies to increase approvals and trends
4) Not understanding the dynamics of the chosen financing
It is not necessary to be an expert, however, each financial institution has its own rules, as well as a hiring process. Knowing the basics (and the most important ones) is a differentiator. For any company, autonomy is a point that must exist in order to boost sales.
If you have at least a brief idea of the steps to be followed, you will save time in the negotiation and be able to instill confidence in the client. Examples: how the proposal is sent, what documents are required, the rules for invoices, payments and other points.
However, always try to avoid the mistakes mentioned above. Seek to establish a good synergy between client and company, as well as excellent communication with everyone involved in the process so that in the event of any modification there are no problems that could harm the commercial relationship between the parties. Don't forget to check out the next ones solar energy industry events to always stay up to date.
Comments (3)
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Congratulations Amanda!!
Excellent content.
Thank you very much for sharing with us.
Excellent guidelines. I'm sure it will help anyone looking to enter the market.
Good morning Amanda, that's exactly it. The client needs to know all this information, as often, in other words, most of the time they can't access it, they need a professional who can help them.