Market Intelligence

Competitive Intel

How LightReach stacks up against every major TPO provider in the market.

Why EPCs Choose LightReach

225 bps
ABS Spread — Tightest in Solar

LightReach ABS priced tighter than Sunrun (240), SunStrong (235), and GoodLeap (265). Wall Street trusts our paper more than anyone's.

$1.136B
Cumulative ABS Issuance

Three deals — Sabal 2025-1, 2025-2, and 2026-1. ~59,040 contracts. WA FICO 751. KBRA A- rated. Serial issuer status.

31+PR
States Covered

Broadest geographic footprint of any rising TPO provider. GoodLeap covers only 15 states with ~250 EPCs.


Head-to-Head Comparison

Sunrun

Stock crashed 28-37% (Feb 2026). NSV collapsed 30%. Cutting 40%+ affiliate volume. $14.7B total debt, ~$1B/yr interest. Altman Z-Score -0.47. Selling assets to third parties. Their affiliate cuts = your recruiting opportunity.

GoodLeap

Loan company trying to be TPO. All 3 rating agencies downgrading loan ABS. Retreating from FL & TX. FBI fraud investigation. MN AG lawsuit ($33M). 1,076 BBB complaints. Only 15 states, ~250 EPCs.

Base Power

Battery-as-a-service startup. $4B valuation, $1.3B funding. TX-only but expanding nationally. Lennar partnership threatens new homes channel. Battery-only — no full solar TPO.


The LightReach Advantage

Solar 3.0 = long-term customer value, not just customer acquisition.

The Cool Down (TCD)

World's most popular clean lifestyle media platform. 40M+ monthly users. Acquired Nov 2025. Powers lead-gen campaigns for all EPC partners. No competitor has this.

4 Product Lease Lines

Backup Energy Lease (standalone storage), Generator Lease, Water Heater Lease, HVAC Lease (Comfort Plan). Cross-sell across the 25-year contract life.

Enterprise Partner Model

Competitors just acquire and flip. LightReach creates long-term customer value with multiple revenue streams for EPCs over 25 years. That's why Wall Street prices us tighter.

Get the Full Competitive
Intelligence Briefing

Detailed market analysis, pricing comparisons, and competitor deep dives available through your LightReach Regional Manager.