LightReach

Launched in 2023 by Palmetto, LightReach is a dedicated consumer finance and asset ownership platform designed to support solar and storage, with plans for expansion into broader home electrification products and services. Built as an API-first platform, LightReach provides seamless integration and an exceptional user experience, creating a plug-and-play ecosystem that drives efficiency, profitability, and scalability across stakeholders. Palmetto, established over 13 years ago, is a leading U.S. clean energy and home sustainability platform, offering extensive services from fulfillment and consumer finance to various value-added solutions.

Learn more about LightReach.

OpenSolar is the world’s leading solar design and proposal software with the mission to scale solar globally by providing installers with innovative software technology and an equally innovative business offering – the world’s first entirely free-to-use design and sales platform. Solar installers in 130+ countries today are using OpenSolar’s end-to-end platform to manage and grow their businesses all in one place with class-leading solar design accuracy, interactive custom proposals, and a portfolio of fully integrated financing options, products, and services.

Learn more about OpenSolar.

LightReach is currently available in the following states: Arizona (Lease), California (Lease in LADWP), Georgia, Massachusetts, Nevada, Pennsylvania, Texas, New Jersey, Connecticut, Florida (Lease), North Carolina (Lease), Maine, New Hampshire, Kansas (Lease), Colorado, New Mexico, Ohio, Michigan, Oklahoma, Maryland, Illinois, and Rhode Island.

A Solar Power Purchase Agreement, commonly referred to as a PPA, is a financial arrangement where the customer pays for the electricity produced by the solar system at an agreed-upon rate. Similar to a solar lease, a solar PPA is an agreement that sets a fixed rate per kWh, which is lower than the rates charged by local utility companies. With a PPA, solar leasing companies take full responsibility for installation and system maintenance so the homeowner can avoid costs associated with owning their system.

Here are a few reasons why homeowners choose PPA’s:

1. No down payment or upfront cash output is required
2. No system installation costs
3. No ongoing maintenance of the solar equipment
4. Reduced energy rate in the first year
5. More control over electricity costs and less dependence on local utilities
6. Predictable monthly payments

The LightReach and OpenSolar integration allows you to offer a third-party ownership (TPO) payment option alongside loan and cash options, all within OpenSolar. This centralized management of payment types saves time and simplifies project creation, financing, and management, providing homeowners with fast application processes and consistent monthly payments. TPO’s affordable payments make solar more accessible, helping you stand out from competitors, reach more customers, and feel confident and efficient.