LightReach
🖥 Your quick reference guide to all Lightreach financing options. Perfect for fast and accurate proposals.
💻 Log in Link: Login | Palmetto
Application Platform: Enerflo (integrated)
Additional information can be found in: LightReach Energy Plan | Palmetto Installer Guides
Design Platform: Aurora
Property Types 🏘️
Type | Finance | EQ-Op |
Duplexes | ❌ | ❌ |
Triplexes | ✔️ | ✔️ |
1-4 Unit Multifamily Homes | ✔️ | ✔️ |
Condos | ❌ | ❌ |
Townhomes | ❌ | ❌ |
Vacation Homes | ❌ | ❌ |
Secondary Homes | ✔️ | ✔️ |
Mobile Homes | ❌ | ❌ |
In a mobile home park | ❌ | ❌ |
Manufactured Homes | ❌ | ❌ |
Modular Homes | ❌ | ❌ |
Farms/Agricultural Land | ❌ | ❌ |
Investment Properties | ❌ | ❌ |
Commercial Properties | ❌ | ❌ |
5+ Unit Multifamily Homes | ❌ | ❌ |
Roof must be owned, not shared | ✔️ | ✔️ |
Mulitiple System Financing | ❌ | ❌ |
Ground Mount | ❌ | ❌ |
Residential, Single Family Homes | ✔️ | ✔️ |
Detached Garage / Guest Suite | ✔️ | ✔️ |
Accessory Dwelling Unit (ADU) | ✔️ | ✔️ |
Carports / Pergolas | ❌ | ❌ |
Overhang Porches | ❌ | ❌ |
Add on Systems 🏠⚡➕
Are add-on systems allowed? (Additional panels tied into the same inverter & meter) | ❌ Not acceptable |
Are second (2nd) systems allowed? (New system containing new inverter(s), tied to the same meter. A 2nd system, physically separate from any pre-existing solar on site, but tied to the same meter/account) | ⚠️ Acceptable only if certain conditions are met |
Special Requirements: 1. Approved by Utility / 2. Does not interfere or impact pre-existing system NEM or value proposition for the customer in any way / 3. All second systems must have independent monitoring IDs separate from any existing system | |
Are separate systems allowed? (A separate/new system connected to a different electric meter, on a different utility account, unrelated to any existing solar systems) | ✔️ Acceptable, up to 3 systems per applicant. For all intents and purposes, these are simply new customers for LightReach, who may have multiple units/properties and want solar on each. Simply a new system with no connection to other system(s) owned by the applicant |
Notes:
*Second systems must include a Tesla inverter if you add any Enphase inverter an adder of $650 will apply.
⚠️ As the installer, we reserve the right to accept or decline any project described in this section that may involve the modification or intervention of a previously installed system, or that may result in non-compliance with any of the standards established by the financing company.
Pricing Details 💰
Minimum amount | $20.000 |
Maximum amount (total) | $150.000 |
Maximum customer montly payment | $500 |
Price Per Watt (PPW) Cap | Varies, see LightReach pricing in tool |
Customer Requirements 👤
Borrower must be a resident | ✔️ |
Minimum FICO requirement | 680 |
Reporting bureau | Experian & Transunion |
Initial credit verification | Soft |
Income Verification | Debt-to-Income (DTI) Not Factored |
Co-signer allowed? | Yes |
Credit Freeze | Unfreeze Equifax & Transunion |
Reverse Mortgage | ❌ |
DTI | Does not look at DTI |
ITIN (Individual Taxpayer Identification Number) | ❌ |
System Requirements ⚡
Maximum System Size | No maximum system size is required |
Maximun offset | 150% |
Roofing Information 🏠
🔹 Pitched Roofs (Sloped) | ✔ Asphalt Shingle ✔Corrugated Metal ✔Standing Seam Metal |
🔹 Flat Roofs
| ✔ EPDM, ✔Modified Bitumen ✔Rolled Asphalt / Comp ✔ Stationary or tracking (must meet eligibility requirements) |
❌ Disqualified Roofs | Wood Shake, Tin Metal, Clay Tile, Slate, PVC or PTO, SPF, Metal Tile and Tar and Gravel. |
Credit Extension 📊
Credit Expires | Credit Valid 180 days from initail run and 160 days from the contract sign date. |
Allows Extension | Yes. case by case |
Extension Expires | Yes. case by case |
Max Number of Extensions | 1 |
Debt Requirments 📋
Bankruptcies | 🚫 7-year lookback |
Foreclosure | 🚫 7-year lookback |
Funding Details 💸
First Payment Date | 30 days after PTO |
NTP (Notice to Proceed) Timeline | 2-4 Days |
Funding Timeline | 7-15 Days |
M1 Commission By Equity Solar | ✔️ |
Loan Transferability | ✔️ |
Contract & Verification Process ✍️
Spanish Agreement? | ✔️ |
Welcome Call | ❌ |
Cancellation Policy Timeline | ❌ |
Utility Companies 🔌
FPL | ✔️ |
Duke | ✔️ |
City of Bartow Electric | ❌ |
City of Mount Dora | ❌ |
City of Vero Beach | ❌ |
Clay Electric Cooperative Inc | ❌ |
JEA | ✔️ |
Kissimmee Utility Authority | ✔️ |
Lakeland Electric | ✔️ |
Lee County Electric Coop Inc | ✔️ |
SECO | ✔️ |
TECO | ✔️ |
Glades | ❌ |
Withlacoochee | ✔️ |
City Of Winter Park | ✔️ |
FPUA | ❌ |
Orlando Utilities Commission | ✔️ |
Peace River Electric Coop (PREC) | ✔️ |
City of Tallahassee (Your Own Utilities) | ✔️ |
Gainesville Regional Utility (GRU) | ✔️ |
📞 Financial institution contact information:
- Welcome Call: No welcome call – verification via email
- Contractor Support: Text “INSTALLER” to 888-531-3327 (Certified Installer support)
- Customer Service: 855-339-1831
- Chat & Phone Support Hours: Monday – Friday: 9:00 AM – 12:00 AM / Saturday: 10:00 AM – 8:00 PM / Sunday: 10:00 AM – 5:00 PM
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