Introducing our flagship financing products: LightReach Energy Plans.
Taking the form of an Equipment Lease ("Lease") or Power Purchase Agreement ("PPA"), LightReach Energy Plans provide the homeowner with a predictable energy savings product with no upfront costs.
The LightReach Energy Plan provides simplicity to the homeowner by providing:
The benefits of discounted power, plus....
Added simplicity through a predictable monthly payment based on average monthly production, and...
Our most robust Protect package, features a 25-year, 90% production guarantee*.
In the LightReach Energy Plan (Lease or PPA), LightReach owns the system, and covers all warranties and maintenance. This means no cost to the homeowner to service the solar system over the life of the agreement.
*90% Production guarantee applicable in all markets with the exception of FL due to state regulatory requirements.
Homeowners receive peace of mind knowing their system is covered from multiple angles:
Energy Rate: Their LightReach Energy Plan is a savings product & is priced at a discount to their current utility energy rates (PPA) or monthly bill (lease)
Protect: Our most robust coverage features 25-year extended warranties on all hardware, 24/7 production & consumption monitoring, and pre-emptive maintenance, at no cost to the homeowner.
Production Guarantee: Included in all* Protect packages, is a 25 Year, 90% production Guarantee.
*90% Production guarantee applicable in all markets with the exception of FL due to state regulatory requirements.
By EPCs, for EPCs: Our milestones are designed with operations personnel in mind, with direct input from EPCs across the country. The platform was built to provide a simple and straightforward experience for sales and operations.
To view specific milestone breakdowns, navigate to the Operations section of this help center or keyword search "milestones".
Supported adders:
MPU/Electrical Upgrades
Storage (available in select markets)
While other adders are not directly supported in LightReach pricing, we do not expressly prohibit other items needed to make the home ready (reroof, tree removal, etc).
To see a full list of markets that LightReach currently supports, check out our Active Utilities* article.
*LightReach's current product suite is centered around the Energy Plan product, which takes the form of a PPA or Lease, but functions ostensibly the same. This means that the value proposition and product details are generally interchangeable. In most markets, the product is a PPA. However, to be compliant with certain state-specific laws and regulatory requirements, the product takes the form of a Lease agreement in some markets.
A | Homeowner purchase options | View "Pre-Pay & Purchase Options" article. |
B | Homeowner pre-payment options: | View "Pre-Pay & Purchase Options" article. |
C | PPA vs Lease difference? | PPA is: (1) price on a discount to the per kWh rate, (2) Homeowner is buying power based on the per kWh rate from the solar system (3) has a production guarantee (4) Annual Solar system production is forecasted out for 25 years and provided as exhibit in the customer agreement (5) Annual escalator is applied to the per kWh rate prior to start of new calendar year
Lease is: (1) priced on a discount to the MONTHLY utility bill, (2) Homeowner is leasing the solar system, (3) production guarantee (in most markets), (4) Annual solar system production is outlined in the lease agreement (5) Annual escalator is applied to the monthly solar lease (not the per kWh rate) |
D | Transfer or Home Sale Process? | View "Pre-Pay & Purchase Options" article. |
E | Co-Applicant | View "Co-Applicants" article. |
F | Welcome call requirements? | Currently, LR does not have any welcome call. However, ID validation is required at point of sale. Additionally, LR reserves the right to contact (or request a recording from the Installer) any new homeowner to validate basic information such as contact, contract understanding, etc. |
G | Credit check soft vs hard check? | All Energy Plans feature a soft credit check. This means that there is no impact to the homeowner's credit score. Additionally, the PPA does not report as debt. Therefore, there is no consequence to simply seeing if a homeowner is qualified. |
H | Is storage permitted? | Yes, storage is permitted on a partner by partner basis in select markets. Reference AVL for approved brands.
In select utilities, storage-specific pricing may be available. Consult our "Storage" article, or contact your LightReach Relationship Manager for more information. |
I | Protect Coverage? | Protect offers LightReach customers peace of mind through extended warranties and proactive performance monitoring. Benefits include:
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J | What is the Max System Price? | The max EPC payment is $150,000, and deals sold higher are subject to review. |