Commercial Loans

LightReach

Qualifications:

  • Homeowner must be on title

    • If a co-signer is needed, co-signer does not need to be on title, but co-signers can ONLY be spouse/domestic partner. Do not submit anyone else as a co applicant. 

  • 650 FICO Credit Requirement (No DTI)

  • Home MUST be an approved type

    • In general, this means single family, fully owned home.

  • Multi Meter

    • LightReach does accept multi meter deals, however there must be a LightReach PPA for EACH METER. System can not be combined, and there is a max of 3 PPAs for one property. 

  • Ground Mounts

    • Ground mounts are allowed, however adders are not, so please ensure your ground mount adders can be subtracted from your EPC payout. 

Equipment:

  • LIGHTREACH REQUIRES SPECIFIC EQUIPMENT 

    • Please only select Jinko 425 Panels (JKM425N-54HL4-B) as these are our standard option. 

    • Inverter must be Tesla, SolarEdge or Enphase.

      • If using Enphase, please ensure you select IQ8PLUS-72-M-US. 

Rates and Escalators:

  • Escalator

    • In RI, MA and CT the following escalators are available:

      • .99%

      • 1.99%

      • 2.99%

    • RI, MA and CT both have different max kWh rates:

      • RI: Max .24 cents

      • MA: Max .30 cents

      • CT: Max .26 cents

        • Please do not sell any RI deal over .24 cents, as LightReach will reject the deal and this will require more customer signatures. 

Deal Process for Customer

  • Contracts

    • In home you will be able to request and sign the HIC required by LightReach. 

    • The lease contract will be sent by you through the LightReach portal.

    • On top of the lease contract, a customer account will be created through the portal. The customer will need to complete the account set up to grant NTP. In this process, the customer will set up their AutoPay and complete any verifications needed. 

  • Site Survey

    • Please take site survey photos in the home. The deal submission form allows you to upload photos into their respective categories. When photos are taken in home, this helps us speed up the process tremendously. 

Terms

  • Every LightReach PPA is a 25 year PPA term. 

Adders

  • Electrical adders are the only adder able to be added to a LightReach PPA. If you know the home will need some type of work (electrical, trenching, etc) please consider signing the deal for a higher price per kWh so the money can be built in and used in the back end if needed. If you have any questions on how this would look or what we can try to build in for adders, please feel free to reach out to our team via your group chat.