[Live] February Underwriting Updates

The Headline: Solar 3.0 means higher standards & better business. We're leaning into quality this year to ensure every deal we back is built to last. These new underwriting updates are live from 2/5/26.

The Details:

1. Minimum FICO updating to 670 *
   (FL & TX: 680 FICO Credit Score)
2. Customer Payment Caps based on credit results adjusted (see table below)
3. Available Electrical Adder values realigned by market (see details below)

Updated Customer Payment Caps: Our existing credit-based payment caps are updating to:

• [670-684] $215 Cap
• [685-699] $255 Cap
• [700-724] $295 Cap
• [725 +] $500 Cap
• With new $500 customer payment cap, our previous $150K EPC value cap will sunset.

Electrical Adder Value:

• Available values will vary by market
• Value ranges from 0c (no value) in select markets to a 1.5c ceiling in others.
• No other changes to criteria or approved upgrades.

The Fine Print: Changes are applicable for all new applications from 2/5/26. *Select states may vary on select market conditions. New FICO minimum not applicable to PR Mainline.. For the avoidance of doubt, no exceptions will be made on any underwriting criteria. There are no other changes to our credit parameters or other guidelines.