Exhibit 99.1
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Independent Accountants’ Agreed-Upon Procedures Report
Palmetto HASI Holdings LLC (the “Company”)
BofA Securities, Inc. (the “Structuring Agent”)
(together, the “Specified Parties”)
Re: Palmetto Issuer 2025-2 LLC – Data File Procedures
We have performed the procedures described below on the specified attributes in an electronic data file entitled “datatape_20250819.csv” provided by the Structuring Agent on August 19, 2025, on behalf of the Company, containing information on 22,188 solar assets (the “Solar Assets”) as of August 19, 2025 (the “Cut-off Date”) (the “Data File”), which we were informed are intended to be included as collateral in the offering by Palmetto Issuer 2025-2 LLC. The Company is responsible for the specified attributes identified by the Company in the Data File.
The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet their intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.
The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.
Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:
| • | The term “compared” means compared to the information shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences were within the reporting threshold. |
| • | The term “recomputed” means recalculated and compared the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed to be in agreement if differences were within the reporting threshold. |
| • | The term “reporting threshold” means that dollar amounts and percentages were within $1.00 and 0.1%, respectively, unless otherwise stated. |
| • | The term “Solar Asset Contracts” means some or all of the following documents provided by the Company for each Selected Asset (defined below): power purchase agreement, solar lease agreement, and/or site map and vicinity map thereto. The Solar Asset Contracts were represented by the Company to be electronic copies of the original Solar Asset Contracts, and/or electronic records contained within the Company’s asset system of record. We make no representation regarding the validity or accuracy of the Solar Asset Contracts or the execution of the Solar Asset Contracts by the signors. |
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