We are happy to announce that LightReach, a leader in third-party ownership (TPO) solutions for solar projects, recently approved Solargraf as a partner.
Solargraf also partners with Everbright, a solar financing provider that simplifies the process with faster, flexible, and more affordable options for homeowners. Solargraf’s shading proposal is now approved for Everbright financing, streamlining the use of Solargraf designs with Everbright’s financing options.
Installers already using or interested in using LightReach and Everbright can use Solargraf’s production and shading details to receive financing. The partnerships aim to revolutionize how solar professionals manage, finance, and deploy solar installations with minimized costs, providing a comprehensive and streamlined solution covering every project lifecycle.
Solar financing
Though installing solar is more affordable than other energy sources, it is still relatively expensive. Solar is an investment that pays for itself over the years, but upfront payment can be prohibitive for many, so customers often turn to financing.
Loans are the market’s most popular solar financing method today. In loan-financed cases, the customer owns the system and receives all the incentive benefits applicable to their case. Read our latest blog about various solar financing solutions. Solargraf has direct integrations with Mosaic, Dividend, GoodLeap and Service Finance to choose loan options and compare financials within the proposals.
In recent times third-party ownership financing has surged in popularity within the solar industry. Third-party ownership (TPO) is a business model where a third party owns the solar system and leases back to the homeowner or business. The two primary TPO models are leases and power purchase agreements (PPAs).
Approximately 41% of residential solar installations in the U.S. are under TPO agreements. TPO models are particularly popular in states with high electricity rates and favorable solar policies, such as California, Arizona, and New Jersey. PPAs dominate in the commercial sector and represent about 23% of new residential and 60% of non-residential solar installations.
Solargraf now partners with Everbright and LightReach to finance third-party ownership through leases or PPAs in addition to the existing cash and loan options.
Each financing option has its advantages: cash and loans offer direct ownership and potential tax benefits, while TPO models reduce financial barriers, making solar accessible to a broader audience. By providing flexibility and tailored solutions, these varied financing options are driving the growth and adoption of solar energy across different market segments.
LightReach
LightReach is a pioneer in TPO models for solar projects, providing flexible and innovative financing solutions that make solar energy more accessible. LightReach offers TPO financing options such as solar leases and PPAs. These models enable homeowners and businesses to go solar with little to no upfront cost, making solar energy more affordable. LightReach’s commitment to promoting renewable energy through financial innovation aligns perfectly with our mission to advance the adoption of solar technology. By integrating LightReach with Solargraf, we can offer your clients flexible and viable financing solutions like PPA and lease, which will benefit homeowners in solar savings from year one and can drive greater adoption of solar technology.
How to get started with LightReach financing
Read our step-by-step guide on how to integrate Solargraf with LightReach.
Everbright
Everbright is renowned for its flexible and innovative financing solutions tailored to the renewable energy sector. By partnering with Everbright, we ensure that you have access to competitive financing options that can meet the diverse needs of your clients. Their commitment to supporting sustainable energy projects aligns perfectly with our mission to drive the adoption of solar energy worldwide.
How to use Everbright financing with Solargraf
Everbright has approved the use of Solargraf Shade Reports and Solar Access Values. Read our step-by-step guide on locating and submitting the necessary information to Everbright.
Conclusion
Solargraf’s partnership with LightReach and Everbright marks a significant milestone in our ongoing mission to provide comprehensive, user-friendly, robust financing solutions with complex design capabilities for solar professionals. This powerful collaboration introduces a range of benefits, from seamless third-party ownership options to detailed financing solutions for residential and commercial projects.
Schedule a demo to learn more.
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