Lenders & Requirements

Credit Requirements

Leases & PPAS

• 650+ Credit Score

• DTI: None

• Cannot have a foreclosure within the last 4 years

• 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: 3.5 KW

• Maximum System Size: 25 KW

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

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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

• Ask Sales Support or call Goodleap at 844-910-0111

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Utility Bill Requirements

A clear photo or PDF of a recent Utility Bill(within 30-90 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): Second/Add-On Systems

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

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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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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:
$3,000.00 CT 
10% of Total System Cost due at signing - FL -UT- CO - TX
$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.