Lenders & Requirements

Credit Requirements

Leases & PPAS

• 650+ Credit Score

• DTI: None

• Cannot have a foreclosure within the last 4 years

• Property Value: minimum of $100K

• Occupancy: Owner Occupied and Second/Vacation Homes

• One applicant MUST be on the title

• ACH required for Monthly Payments

Loans

• 600+ Credit Score

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TPO Product Availability by State

• Term: 25 Years

• Minimum System Size: 3 KW

• Maximum System Size: 25 KW

• Allowed Adders: Electrical, Minor Roof Upgrades, Tree Trimming, Trenching, and Equipment Related

California

(Solar Only is NOT available with PG&E, SCE, or SDG&E)

• Solar Only Lease

• Solar Only PPA-Balanced Billing

• Solar + Backup Battery Lease

• Solar + Backup Battery PPA-Balanced Billing

• Solar + EnergyShift Battery PPA-Balanced Billing

Texas

• Solar Only Lease

• Solar Only PPA-Balanced Billing

• Solar + Backup Battery Lease

• Solar + Backup Battery PPA-Balanced Billing

Colorado

• Solar Only Lease

• Solar Only PPA-Balanced Billing

• Solar + Backup Battery Lease

• Solar + Backup Battery PPA-Balanced Billing

Connecticut

• Solar Only Lease

• Solar Only PPA-Balanced Billing

• Solar + Backup Battery Lease

• Solar + Backup Battery PPA-Balanced Billing

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Approved Property types

• Residential

• Single-Family

• Townhomes: Must own the entire roof

• Condo: Must own the entire roof

• Multifamily(No more than 4 Units)

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Conditionally Approved Property Types

• Manufactured Homes(Acceptable):
  -Improvement value must be $50,000 or greater. Market Value must be $100,000 or greater.
  -Must be on a solid, permanent foundation. This includes brick perimeter, concrete slab, pier & beam, or pier & post.
  -Double-wides or triple-wides are acceptable.

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Disqualified Property Types

• Mobile Home. Properties located in a mobile home park complex are NOT approved.

• Manufactured Homes(Unacceptable):
  -Single-wides are NOT acceptable.
  -Disqualified foundations include anchor and strap foundations, metal strappings connected to the ground.

• Rental Properties

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Utility Bill Requirements

A clear photo or PDF of a recent Utility Bill(within 90 Days) that includes:
1. Name and service address that match Origin name and property address. 

2. Utility account number and bill dated within the last year. 

3. At least one month of usage reflected on the bill.

4. Bill has not been altered.

5. Usage graph or information from the past twelve months (if available)
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Add-On or Second Systems

• Goodleap TPO(PPAs & Leases): NOT approved for Second/Add-On Systems

• Loan Products: Add-On and Second Systems are okay.

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Identity Check Overview

All customers will need to verify their identity before signing their loan agreement. 

• A Link will be sent via text message to the customer when documents are requested.

• Requires a picture of the front & back of their ID and a selfie.

• Documents can typically be signed immediately following the ID verification in one continuous experience.

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• 650 Fico for PPA (620 for Loans)

• Soft Credit Inquiries always

• Credit Expires after 60 days

• Joint Applicants: EverBright allows for two distinct individuals (applicant and co-applicant) to be on the agreement. Both individuals must be named on the title for the home and at least one individual must meet the credit requirements.

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Acceptable Property Types:

• Single-Family Homes.

• Duplexes & Triplexes.

-Side by Side; can be a single owner on title or multiple owners on multiple titles.

-Stacked Construction; must be a single owner for the entire structure.

• Condos/Townhomes- accepted with conditions; must have all necessary permissions for installing solar.

• Agricultural properties; accepted if a single-family home resides on the property with a residential utility meter.

• Second Properties.

• Ground Mounts are allowed.

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Disqualified Property Types

• Modular/Manufactured/Mobile homes- even if on a permanent foundation.

• Rental Property/Investment Property.

• Non-Profit owned home.

• Cooperative housing unit(Co-Op).

• Commercial Property.

• Property must not require an environmental study or approval.

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Roof Types & Conditions

• Customers are financially responsible for the cost of removing and reinstalling their system if and when they need to repair or replace their roof during the contract period. The customer should be made aware of the current condition of their roof and expected number of years left in their roof. This will help inform the financial decision of whether they would like to re-roof now or in the future.

• If a roof is reported to be within 10 years of the end of its useful life, based on customer provided information regarding last reroof date and roofing material warranty, a re-roof should be pursued

• If the roof appears to have less than 10 years of useful life but the customer wants to move forward without a reroof, an EverBright roof waiver is required.

Disqualified Roof Types

• Wood Shake

• Cal Shake

• Slate Tile

• Metal Shingle

• Copper

• More than 2 layers of composition shingles

• Tar & Gravel
  
  

Any home with faulty or defective roofing products. These can include, but are not limited to, Cemwood, certain Monier Tiles, Caland Hardy shake, and others that have had class-action lawsuits brought against them regarding asbestos and other issue

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Second System Eligibility Requirements

• Each solar system must have its own revenue grade meter and separate monitoring.

• Cell Connection required.

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Title Requirements

• Ownership by Individuals:
  -signer must be on title and exact name on title as what is signed

-The exact name(s) from the title must be on the homeowner agreement and must be executor(s) of the agreement

• Ownership by Trust:
  -at least one trustee must reside in the property and sign the agreement with the exact name as listed. -Trust documents are required showing the full name of the trust, all trustees, the date of formation of the trust and the signature page.

• Ownership by LLC, S Corp or C Corp:

- a director or officer must reside in the property and be an executor of the agreement.

-One or more applicants must pass credit.

-Business formation documents showing all officers and directors of the entity, and signature page.

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Utility Bill Requirements

At least one full copy (all pages) of the homeowner’s recent utility bill must be uploaded. 

Note: Data from these bills must match what was entered in the Usage phase

• The billing period must be within 2 months of contract signing. 

• The bill must not show a past due payment amount. 

•  If the utility provides numeric annual usage on each bill, only one bill is needed; otherwise, two or three recent bills from the last three months are required to gather usage data for at least three months.

The uploaded utility bill must clearly display:

-Homeowner’s name 

-Property address 

-Utility company name

-Utility account number

-Utility (kWh) rate

-Meter number

-Payment amount due

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Credit Requirements

• Credit Score: 660 minimum (soft inquiry, no impact).
  -LightReach checks both Experian and TransUnion scores for approval. Light Reach will base approval off the highest score between both bureaus.

• Credit Validity:  180 days from the initial credit run.
  -Max of 3 active applications per client. Please make sure each account has its own email address. Each site is considered its own project. No repeat email addresses.

• Debt-to-Income (DTI): Not factored.

• Delinquencies: No bankruptcies or late mortgage payments (7-Year Lookback)

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Roof Conditions/Eligibility & Property Eligibility

Roof Guidelines

Golden Rule: Roof must have at least 10 years of life remaining and meet quality checks below.

Approved Roof Types

• Pitched Roofs: Asphalt Shingle, Metal (Corrugated/Standing Seam), Concrete/Cement Tile, Clay Tile(Comp. Out/Picture Frame required)

• Flat Roofs: EPDM, Modified Bitumen, Rolled Asphalt/Composition.

Disqualified Roof Types

• Wood Shake

• Tin Metal

• Tar/Gravel

• Slate Tile

Roof Quality Criteria

• No obvious damage, wear, or rust.

• No missing coverage (e.g., shingles, tabs, exposed fiberglass, etc.).

• Decking must be uncompromised and free of water penetration.

• Flat roofs should show no water retention or pooling.

• Underlayment paper for tile roofs should not be brittle, torn, or missing.

• Roofing material should be installed directly to the decking, and not installed over another roof type. Shingles should be no more than 2 layers.

Eligible Property Types 

Approved

• Residential, Single-family homes

• Detached Garages/ADUs

• Multi-family homes (owned entirely)

• Golf course homes (excludes damage from golf balls & does not qualify for no cost panel replacement or production guarantee)

• Ground mounts (customer must own the entire property & cannot be manufactured/mobile)
  
  

Disqualified

• Manufactured/mobile homes

• Townhomes

• Condos

• Pergolas, Carports, Custom structures

• Commercial/Agricultural properties

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LightReach Account Setup

• Homeowners will complete the stipulation-clearing process via their account (accessible via web browser or via app download).

• Email Subject Line: "Welcome to Palmetto Solar! Let's activate your solar account." -Or- SMS Link invite.

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Customer Support

• Phone: (855) 339-1831

• Email: help@palmetto.com

• Online Form Submission: www.palmetto.com

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Spanish & English Contracts

• Available in Spanish in CA.

PayKeeper facilitates a structured payment schedule tied to verifiable project milestones. The funds are securely held in your name within an FDIC-insured bank account. Payments are released to Action Solar only upon milestone verification, ensuring that funds are disbursed exclusively when specific parts of the project are completed. This process provides transparency and minimizes financial risk for all parties involved.

Payment Milestones

Milestone 1:
$3,000.00 CT 
10% of Total System Cost due at signing
$1,000 for CA Sales.

Milestone 2: 50% Net Remaining of "Total System Cost" due at Permits Submitted.

Milestone 3: 50% Net Remaining of "Total System Cost" due at Permits Approved.

Payments will be facilitated through:

• ACH transactions

• Credit/Debit Card transaction(Merchant Fee will be charged to the customer)

• Check(The customer will have to mail this to PayKeeper)

1. When submitting a cash deal, please inform Sales Support that the customer will need an invite sent via text or email to set up their PayKeeper Account.

2. The client will receive a text or email with a link to set up their escrow and fund the project.

3. Once the client's funds are verified, we proceed with the installation and subsequent stages.

4. Milestone payments will be processed at key stages. PayKeeper will verify that necessary progress has been made before releasing any payments.

For any questions, please reach out to Sales Support for alternative types of payments.