LightReach Pre-Pay & Purchase Options

Option

Details

A

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

Details:

• Fair market value assessed at time of purchase
• Homeowner voids benefits of PPA/Lease contract

B

Pre-Pay

Option 1: Anytime after activation

• 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

Option 2: If selling the home + transferring to the new buyer, who failed to qualify.

• Prepayment of remaining Energy Plan 5% discount offered
• Still entitled to all benefits/services under the Lease/PPA agreement

C

Transfer

Option 1 (Recommended):

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

Option 2: System relocation, if conditions are met. Conditions include:

• 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