We examine the combined effect of aerosols and sea surface temperature (SST) on clouds under equilibrium conditions in cloud-resolving radiative–convective equilibrium simulations. We demonstrate that the aerosol–cloud interaction's effect on top-of-atmosphere energy gain strongly depends on the underlying SST, while the shortwave part of the spectrum is significantly more sensitive to SST. Furthermore, increasing aerosols influences upper-troposphere stability and thus anvil cloud fraction.