LightReach Pre-Pay & Purchase Options

Option 1: Upon the 5th anniversary of the interconnection date or anytime after the 5th anniversary of the interconnection date (IE Year 6) with 60 day notice

Option 2: If you sell the Home during the Lease Term

Option 3: At the end of the 25 year term

Homeowner must deliver a written notice to Palmetto Solar, LLC of the intent to purchase within sixty (60) days of the applicable date and deliver payment to Palmetto Solar, LLC within thirty (30) days of receiving an invoice from Palmetto Solar, LLC for the purchase price

Fair market value assessed at time of purchase

Homeowner voids benefits of PPA/Lease contract

Prepayment of full/total Energy Plan payments (typically outlined on Exhibit F of contract) less 5% discount offered

Still entitled to all benefits/services under the Lease/PPA agreement

Prepayment of remaining Energy Plan 5% discount offered

Still entitled to all benefits/services under the Lease/PPA agreement

New homeowner qualifies for Energy Plan financing, and signs transfer agreement to take over the Energy Plan

New home within same utility disctrict

New home within LR service area

Utility or AHJ regulations allow

Subject to utility, AHJ, HOA approvals

Homeowner pays all additional costs of relocation, redesign, reapproval submissions, etc