Palmetto Finance Newsfeed

2026 ADI Documents

• NJCEP has updated their ADI documentation to the 2026 version (Required as of 2/16)
• EPC’s will need these to obtain conditional & final approvals for NJ incentives (Document links updated)

ADI Conditional Acceptance Waiver

• NJCEP ADI Program’s waiver allowed EPC’s to install projects before obtaining conditional approval which has expired on 12/31/2025.
• Since waiver has expired, we are reinstituting M1 Milestone requirement for the conditional acceptance letter to avoid running into problems with installing systems before receiving conditional approvals.
• Required as of 3/1
• Read Here

• Palmetto LightReach has partnered with Duke Energy and key partners to launch a Solar + Battery Storage plan in North Carolina,
• Install Partners benefit from flexibility and simplicity, with the ability to opt in or out on a per-project basis.
• M1 Requirements.
• More info here - North Carolina-Battery Control Program

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.

The Headline: We've added a Payment Calculator to all projects, allowing users to view pricing without voiding out existing quotes.

The Details:

• New Payment Calculator tab to projects lets users preview changes to pricing.
• Users can play around with this tool to compare explore changes such as a lower rate or adding a battery.
• Available for all programs

New Market: Hawaii

• Live in key utilities 2/1/26
• HI installers must adhere to strict second system requirements when applicable.
• View more HI info here

New Utilities: Virginia

• New utilities live 2/1/26
• NOVEC, Rappahonnock, SVEC, CVEC, BARC
• View our Active Utilities list here

Coming Soon: NC Storage Expansion

• Storage Attachments to PV sales in NC available soon. Details to follow @ news.golightreach.com

The Update: Effective February 9, 2026, all projects will require a Third-Party Invoice to confirm non-FEOC compliance.

The Details:

Installers must submit a copy of their materials invoice(s), clearly identifying component SKUs, with every M1 submission under the “Project Site” section.

• Bulk invoices are acceptable when materials are ordered for multiple projects. In these cases, submit the bulk invoice, and an internal Bill of Materials that identifies the project address and specific project details. Both documents should be uploaded to the M1 milestone’s “Project Site” section.

• Our M1 Checklist Page will be updated to reflect the new requirement.

While I Have You: Please be sure to routinely check our AVL for FEOC + LightReach approved equipment.

The Headlines:

• Select Generac Inverters & Battery SKUs were added to our AVL. Admins can view our in-portal calculator for exact FEOC percentages.
• Additional guidance provided on Enphase batteries, including specific serial number details needed for eligibility.

The Background: Our initial 2026 AVL and FEOC guidance has been published. Partners may see additions to the 2026 AVL if/when manufacturers confirm compliance on certain SKUs.

The Fine Print Reminders:

• To comply with federal law, no exceptions to the 2025 AVL submission deadline of 12/31/25 will be granted. Cutoff time 11:59 PM PST.
• Ground Mounts: Ineligible from 1/1/26
• Roof Tech Racking: Ineligible from 1/1/26
• Domestic Content: Value threshold increases on 1/1/26

The Horizon: Our 2026 AVL and FEOC guidance will evolve. Partners should bookmark this newsfeed (news.golightreach.com) and the above article for future updates.
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