After the financing period is complete, the debt payments stop, but equity and O&M payments continue. To calculate the new, post-financing rate factor, recalculate the LCOE using a reduced by a factor of in place of the , shown in Equation S10. For instance, assuming a debt fraction of 60% ( 0.6), the Lazard reduces by 60% from 9.6% to 3.8%. In this case, the Lazard rate factor reduces from 20 to 12 x10 -6 hr -1 after debt financing is complete.