Structuring a Solar Development

Size: px
Start display at page:

Download "Structuring a Solar Development"

Transcription

1 Your Trusted Sustainability Partner. Structuring a Solar Development Jack Honor Project Development Manager Developing Solar on Landfills and Brownfields June 12, 2017

2 About Ameresco Founded in 2000 NYSE: AMRC Core services include renewable energy and energy efficiency 2016 revenue of $651.2 million Arranged financing for over $2.2 billion in energy projects Constructed over $5.5 billion in energy efficiency and renewable energy projects Corporate headquarters in Framingham, MA and a national presence including more than 1000 employees Solar Experience 150MW Constructed Over 100 Projects financed under PPA structure for local government 16 Landfill projects totaling 25.8MW Page 2

3 Rumford Landfill 2.5MW Newton, Massachusetts Project Structure

4 Structures How Can We Participate Lease Only You are a landfill owner seeking lease revenue Lease and Electricity You are a landfill owner seeking lease revenue AND desire to purchase solar energy but are not looking to invest capital Project Investment and/or Ownership You are a landfill owner and want to invest in a solar energy project Page 4

5 Sudbury Landfill 1.5MW Sudbury, Massachusetts Lease Only

6 Lease-Only What are developers looking for? Size Topography Constructability Utility infrastructure Date of Presentation Clean closure Clear environmental responsibility Location Solar-friendly state or utility Typical 3-phase distribution Page 6

7 Key Policies and Regulations Net Metering Customers who generate their own electricity from solar power can feed electricity they do not use back into the grid Virtual Net Metering Allows power generated by a project to be applied to multiple offsite accounts 3 rd Party Ownership Solar Developer can own the project and sell electricity to a customer via a Power Purchase Agreement Community Solar Policy that allows for electricity to be shared among a large number of customers including residential A good developer will master the Fine Print in each state and utility s net metering programs and carefully model the value a customer will receive for electricity Page 7

8 Net Metering / April 2017 DC 39 States + DC, AS, USVI, & PR have mandatory Net Metering rules KEY State-developed mandatory rules for certain utilities (39 states + DC+ 3 territories) No statewide mandatory rules, but some utilities allow net metering (2 states) Statewide distributed generation compensation rules other than net metering (6 states + 1 territory) U.S. Territories: AS PR VI GU

9 3 rd Party Solar PV Power Purchase Agreement (PPA) / April 2017 NV: With system size limitations CO: With system size limitations VA: Limited capacity DC AZ: Limited to certain sectors Apparently disallowed by state or otherwise restricted by legal barriers Status unclear or unknown TX: With system size limitations U.S. Territories Authorized by state or otherwise currently in use, at least in certain jurisdictions PR Guam USVI NMI LA, MS, SC: Solar leases explicitly allowed At Least 26 States + Washington DC and Puerto Rico Authorize or Allow 3 rd Party Power Purchase Agreements for Solar PV

10 The State of Community Solar Currently only 14 states + Washington DC have community solar regulations in place But 26 states have at least 1 community solar project online And many more have regulations in process Source: Shared Renewables HQ / Vote Solar Page 10

11 Common Offtakers for Lease-Only Utility (investor-owned or municipal) > RPS requirements or PURPA > Pilot programs > Utility-run community solar 3 rd party via net metering > Municipality or other public entity > Private companies Retail Market > 10MW+ Community Solar Stockbridge Landfill, Massachusetts 900kW DC Offtaker: Town of Stockbridge w/ Virtual Net Metering Completed 2016/2017 under SREC II Program Page 11

12 Lease Rates How much lease is common? > Based on project revenue > Construction & interconnection costs > Electricity prices > State incentive programs What about property tax? > Real property versus personal property > Exempt or set PILOT amounts common > Can be additional revenue stream for municipal owners Approximate Lease Rates by Region Massachusetts: $2,000 - $5,000 California: $2,000 - $5,000 Northeast: $1,200 - $3,000 Other Markets $1,000 - $2,000 Page 12

13 Lease and Electricity

14 Lease and Electricity Power purchase agreement > Regulations > Economics Net Metering > Onsite versus Virtual Wholesale Community Solar > Common to have municipality as anchor Acton Landfill, Massachusetts 1.5MW DC Offtaker: Town of Acton w/ Virtual Net Metering Completed 2013 under SREC I Program Page 14

15 Power Purchase Agreements Solar developer owns and operates Can be 3 rd party involved for financing No operational risk > Only pay for power produced > Performance guarantees > O&M included Commonly 20 to 25 year term Fixed prices > Flat or increasing Reliant on Net Metering typically Consider end of contract provisions Credit rating of offtaker Electricity Savings Lease Revenue Page 15

16 Lowell Landfill 1.5MW Lowell, Massachusetts Ownership Structures

17 Ownership Public Entity School District, Municipality, State Agency, Housing Authority, State Government, Federal Government, Military, etc. Opportunities Lowest LCOE Return on investment Subsidized financing available Challenges No lease revenue Not eligible for tax benefits Operational risk The levelized cost of electricity (LCOE) is the net present value of the unitcost of electricity over the lifetime of a generating asset. Page 17

18 Ownership Private Entity Opportunities Lowest LCOE Return on investment Investment Tax Credit (30%) MACRS 5-year depreciation Bonus depreciation (50% in year 1) Challenges No lease revenue Financing more costly No subsidized financing Operational risk Investment Tax Credit (ITC) - 30 percent for projects which commence construction through 2019, declining to 26 percent in 2020 and 22 percent in After 2021, commercial and utility credit will drop to a permanent 10 percent Page 18

19 Subsidized Financing for Public Entities TELP Tax Exempt Lease Purchase (or Municipal Lease) > Customer granted title to equipment during lease and retains ownership after lease ends > Solar developers or financiers can arrange private placement > Minimal (often none) cost of issuance > Payments treated as expense rather than debt > Interest rates fixed during repayment term (typically for solar years) > Excellent vehicle for energy efficiency improvements and/or energy performance contracting > Savings can often be guaranteed Successful Solar Project TELP Equation Value of Electricity > Lease Payments + O&M Page 19

20 Subsidized Financing for Public Entities CREBs - Clean Renewable Energy Bonds > Bond issued to finance renewable energy projects. > Issuer (Solar project owner) responsible for repaying the principal on the bond > Private bondholders receive federal tax credits in lieu of a portion of the traditional bond interest, resulting in a lower effective interest rate for the borrower. > Maximum project size: $40 million. More than $160 billion remaining available cap QECB Qualified Energy Conservation Bonds > Similar in mechanism to CREBs but funding cap allocated to states, local governments, and tribal governments based upon population. > Remaining allocation varies greatly by region Advantages: Very low cost financing Challenges Higher transaction costs and more complicated versus a PPA or TELP Many public entities averse to debt Caps on volume and allocation Allocation for QECB s based on state, region, population Page 20

21 Case Study: City of Pittsfield Massachusetts - PPA 2.91 MW DC System on the City s municipal landfill 20-year PPA with no escalator, and decommissioning at end of term Funded in part by MA SREC II $140,000 per year in combined electricity savings and property tax > Solar projects are taxed as business personal property in MA Schedule: > Contract signed July, 2015 > Project construction completed December 2016 > Online March 2017 This project creates the opportunity to give otherwise unusable land a new life by converting it into a site to generate solar energy. We ve converted what was once a cost center for the City into a revenue generating asset, Jim McGrath, City of Pittsfield Page 21

22 Case Study: Minneapolis Airport - QECB 3MW Solar PV; 7,700 LED Fixtures plus EV Charging Ameresco conducted financing solicitation and arranged funding by QECB at an effective interest rate of $0.75% 30-year NPV of $10M with around $170k in positive annual cash flow The Metropolitan Airports Commission has worked for decades to operate Minneapolis-St. Paul International Airport as sustainably as possible, investing millions in infrastructure to reduce impacts to soil, water and air quality, and spending nearly a half-billion dollars on noise mitigation around MSP, - Jeff Hamiel, the Commission s executive director and CEO. Page 22

23 QUESTIONS? Feel free to reach out directly Jack Honor Project Development Manager Albany, NY Your Trusted Sustainability Partner.

Solar Power. Michael Arnold, LEED AP. ACI-NA Environmental Committee Meetings June 27, 2011

Solar Power. Michael Arnold, LEED AP. ACI-NA Environmental Committee Meetings June 27, 2011 Solar Power Michael Arnold, LEED AP ACI-NA Environmental Committee Meetings June 27, 2011 Some Reasons for Considering Solar Financial Benefit Airport Uses Energy Airport Sells Energy and/or credits Energy

More information

Community Shared Solar Opportunities in Massachusetts Emma Krause Rooftop Solar Challenge Coordinator MA DOER

Community Shared Solar Opportunities in Massachusetts Emma Krause Rooftop Solar Challenge Coordinator MA DOER Community Shared Solar Opportunities in Massachusetts Emma Krause Rooftop Solar Challenge Coordinator MA DOER What is CSS? Homeowner wants to install solar on their roof, but cannot due to site constraints

More information

An Overview of Solar Energy and Opportunities for Growth in the Midwest and Kansas

An Overview of Solar Energy and Opportunities for Growth in the Midwest and Kansas An Overview of Solar Energy and Opportunities for Growth in the Midwest and Kansas Alan Claus Anderson Energy Practice Group Vice Chair Polsinelli Shughart PC 913-234-7464 aanderson@polsinelli.com What

More information

Community Solar Projects: Glossary of Terms

Community Solar Projects: Glossary of Terms What is Community Solar? Community Solar Projects: Glossary of Terms It is a method for individuals from within a community to come together and generate electricity from PV solar and distribute that power

More information

MassDOT Highway ROW Solar PV Energy Program. Hongyan (Lily) Oliver Massachusetts Department of Transportation Office of Transportation Planning

MassDOT Highway ROW Solar PV Energy Program. Hongyan (Lily) Oliver Massachusetts Department of Transportation Office of Transportation Planning MassDOT Highway ROW Solar PV Energy Program Hongyan (Lily) Oliver Ph.D. Massachusetts Department of Transportation Office of Transportation Planning Driving Forces for Renewable Energy Reduce GHG emissions

More information

Solar Project Development in Regulated Markets. Smart and Sustainable Campuses Conference 2017

Solar Project Development in Regulated Markets. Smart and Sustainable Campuses Conference 2017 Solar Project Development in Regulated Markets Smart and Sustainable Campuses Conference 2017 Session Outline Overview of renewable energy procurement options Market structure and policy impacts on solar

More information

INNOVATIONS IN SOLAR AND ENERGY RETROFITS

INNOVATIONS IN SOLAR AND ENERGY RETROFITS INNOVATIONS IN SOLAR AND ENERGY RETROFITS JEFFREY LESK NH&RA JULY 2017 LIHTC + SOLAR ITC UNDER ONE ROOF 9% LIHTC 4% LIHTC * Solar Panel Cost $1,000,000 $1,000,000 Solar Credit (30%) $300,000 $150,000 (assumes

More information

Illinois Renewable Energy Portfolio Net Metering Grid Interconnection Requirements Financing Options

Illinois Renewable Energy Portfolio Net Metering Grid Interconnection Requirements Financing Options Illinois Renewable Energy Portfolio Net Metering Grid Interconnection Requirements Financing Options Effective 8-10-09, Public Act 096-0159 modified the Illinois Power Agency Act to include the Renewable

More information

New North Carolina Energy Legislation

New North Carolina Energy Legislation New North Carolina Energy Legislation & Its Business Implications November 1, 2017 www.researchtrianglecleantech.org www.researchtrianglecleantech.org @TriCleantech Event Partners www.researchtrianglecleantech.org

More information

Understanding Impacts of Distributed Solar Generation on Cost Recovery and Rates IAMU Annual Energy Conference Preconference Seminar

Understanding Impacts of Distributed Solar Generation on Cost Recovery and Rates IAMU Annual Energy Conference Preconference Seminar Understanding Impacts of Distributed Solar Generation IAMU Annual Energy Conference Preconference Seminar David A. Berg, PE Principal November 3, 2015 Your Presenter David Berg, PE Principal Dave Berg

More information

Brownfields to Brightfields

Brownfields to Brightfields Lori Ribeiro, Brockton Brightfields Consultant LRibeiro@bluewavestrategies.com (781) 648-2605 Brownfields to Brightfields Revitalizing Brockton by Converting a Former Manufactured Gas Plant to a Solar

More information

SOLAR ENERGY INCENTIVES AND FINANCING FOR MARYLAND BUSINESSES

SOLAR ENERGY INCENTIVES AND FINANCING FOR MARYLAND BUSINESSES SOLAR ENERGY INCENTIVES AND FINANCING FOR MARYLAND BUSINESSES Webinar is being recorded. The recording will be posted to green.maryland.gov December 5, 2017 1:00-1:45 PM EST Laura Armstrong Maryland Dept.

More information

SMART Program: Ensuring Expanded Access for Low-Income Ratepayers and Communities Updated May 11, 2017

SMART Program: Ensuring Expanded Access for Low-Income Ratepayers and Communities Updated May 11, 2017 SMART Program: Ensuring Expanded Access for Low-Income Ratepayers and Communities Updated May 11, 2017 Overview: Massachusetts proposed SMART 1 program has the potential to significantly expand the benefits

More information

Power Purchase Agreement for Commercial PV Systems

Power Purchase Agreement for Commercial PV Systems Power Purchase Agreement for Commercial PV Systems Dr. Özlem Döğerlioğlu IŞIKSUNGUR Managing Partner ozlem@dogerlihukuk.com WHO WE ARE? Döğerlioğlu Law Firm. CONTENT OF THE PRESENTATION Solar Energy Generation

More information

Central Hudson Solar Summit 2017 Poughkeepsie, NY NY-Sun Program Updates. March 9, 2017

Central Hudson Solar Summit 2017 Poughkeepsie, NY NY-Sun Program Updates. March 9, 2017 Central Hudson Solar Summit 2017 Poughkeepsie, NY NY-Sun Program Updates March 9, 2017 New York s Energy Policy Reforming the Energy Vision (REV) Governor Cuomo s strategy to build a clean, resilient,

More information

Creating A Cleaner Energy Future For the Commonwealth. Growing Solar in MA. MMA Annual Meeting. Boston, 1/24/14

Creating A Cleaner Energy Future For the Commonwealth. Growing Solar in MA. MMA Annual Meeting. Boston, 1/24/14 MMA Annual Meeting Boston, 1/24/14 Growing Solar in MA Renewable Energy Generation in MA 3,500 GWH 3,000 2,500 2,000 1,500 1,000 Hydro Wind Solar Landfill Gas Biomass Anaerobic Digester 500 0 2003 2004

More information

Net Metering in the world

Net Metering in the world Net Metering in the world Jan Knaack, Senior Project Manager Buenos Aires, Dec. 15th, 2015 Bundesverband Solarwirtschaft e.v. (BSW-Solar) Basic problem of PV electricity generation Demand and supply do

More information

Contents. Solar Select TM Frequently Asked Questions

Contents. Solar Select TM Frequently Asked Questions Solar Select TM Frequently Asked Questions Contents Program Overview and How Solar Select Works... 1 Participation Requirements... 3 Cost and Payment... 4 Solar Production... 5 Development, Equipment,

More information

Proposal Concerning Modifications to LIPA s Tariff for Electric Service

Proposal Concerning Modifications to LIPA s Tariff for Electric Service Proposal Concerning Modifications to LIPA s Tariff for Electric Service Requested Action: The Trustees are being requested to approve a resolution adopting modifications to the Long Island Power Authority

More information

Overview. Program Details

Overview. Program Details Public Service Electric and Gas Company (PSE&G) A CLEAN Program Brief PSE&G s solar initiatives unleash utility owned wholesale distributed generation in New Jersey Overview This brief examines PSE&G s

More information

Overview of S.L Competitive Energy Solutions for North Carolina

Overview of S.L Competitive Energy Solutions for North Carolina Overview of S.L. 2017-192 Competitive Energy Solutions for North Carolina JENNIFER MCGINNIS CHRIS SAUNDERS STAFF AT TORNEYS, LEGISLATIVE ANALYSIS DIVISION 1 Overview Product of extensive stakeholder process

More information

Solar Power: State-level Issues and Perspectives

Solar Power: State-level Issues and Perspectives Solar Power: State-level Issues and Perspectives Sean Gallagher Vice-President, State Affairs Solar Energy Industries Association National Conference of State Legislators Solar Boot Camp August 24, 2016

More information

Increasing Access: Low Income Community Shared Solar 101

Increasing Access: Low Income Community Shared Solar 101 Increasing Access: Low Income Community Shared Solar 101 Metropolitan Area Planning Council (MAPC) April 26, 2017 Solar Webinar Series Webinar Agenda 1 2 3 4 5 Brief Introduction to MAPC & the Clean Energy

More information

New Jersey Solar Roundtable

New Jersey Solar Roundtable New Jersey Solar Roundtable Transition to a Market-based REC Financing System Michael Winka, Director NJBPU, Office of Clean Energy Presented at Thomas Edison Institute March 5, 2007 NJ Solar Financing

More information

Solar Photovoltaic Financing: Deployment on Public Property by State and Local Governments

Solar Photovoltaic Financing: Deployment on Public Property by State and Local Governments Solar Photovoltaic Financing: Deployment on Public Property by State and Local Governments Karlynn S. Cory, Jason Coughlin and Charles Coggeshall Strategic Energy Analysis and Applications Center National

More information

Long Island Solar Installer Workshop

Long Island Solar Installer Workshop Long Island Solar Installer Workshop Jossi Fritz-Mauer February 3, 2016 1 Agenda Solar Basics Solar PV Technology NY-Sun Incentive Program Financial Considerations Return on Investment Purchase or Leasing

More information

Interdepartmental Memorandum

Interdepartmental Memorandum Interdepartmental Memorandum Office of President and CEO AB/01-522 Phone: 528-4470 Fax: 528-4321 To: From: Board of Commissioners Lisa Osborn Administrative Assistant Date: April 27, 2016 Subject: President

More information

The Essentials of Community Solar

The Essentials of Community Solar The Essentials of Community Solar Presentation to: WV SUN Solar Congress December 10. 2016 James M. Van Nostrand Professor of Law Director, Center for Energy & Sustainable Development WVU College of Law

More information

Clean Energy Policy & Procurement- Regional v. Go-It-Alone Approach

Clean Energy Policy & Procurement- Regional v. Go-It-Alone Approach Clean Energy Policy & Procurement- Regional v. Go-It-Alone Approach Dan Bosley Government Relations Executive Northeast Clean Energy Council November 17, 2016 Northeast Clean Energy Council NECEC s mission

More information

Minnesota Brownfields Forum

Minnesota Brownfields Forum Presented by: Mike Fisher, Impact7G Vice President mfisher@impact7g.com www.impact7g.com RENEWABLE ENERGY ON BROWNFIELDS Minnesota Brownfields Forum St. Paul, Minnesota February 3, 2016 Introduction, Presenter

More information

JEA Distributed Generation Policy Effective April 1, 2018

JEA Distributed Generation Policy Effective April 1, 2018 Summary This JEA Distributed Generation Policy is intended to facilitate generation from customer-owned renewable and non-renewable energy generation systems interconnecting to the JEA electric grid. The

More information

WinnCompanies Community Solar Photovoltaic to Benefit Affordable Housing Darien Crimmin Vice President of Energy & Sustainability

WinnCompanies Community Solar Photovoltaic to Benefit Affordable Housing Darien Crimmin Vice President of Energy & Sustainability WinnCompanies Community Solar Photovoltaic to Benefit Affordable Housing Darien Crimmin Vice President of Energy & Sustainability dcrimmin@winnco.com Massachusetts Solar Policy SREC I Program 2010 through

More information

Freeing The Grid Resource for better solar policy

Freeing The Grid Resource for better solar policy Freeing The Grid Resource for better solar policy Who is Vote Solar» Founded in 2001» Non-Profit Grassroots Organization» Focused on Bringing Solar to Scale 2 Perspective of Change 3» 2014 a year in review

More information

State Solar Policy: National and Southeast Policy Trends

State Solar Policy: National and Southeast Policy Trends State Solar Policy: National and Southeast Policy Trends Amy Heinemann N.C. Solar Center / DSIRE N.C. State niversity NCSL Southeast Solar Energy Institute October 9, 2009 DSIRE Project Overview Created

More information

24. SOLAR INCENTIVE PROGRAM II

24. SOLAR INCENTIVE PROGRAM II 24. SOLAR INCENTIVE PROGRAM II A. General California Senate Bill 1 requires publicly owned utilities that sell electricity at the retail level, to adopt, implement, and fund a solar incentive program for

More information

Considerations for Municipal Solar Projects. Ben Frevert Larsen Engineers November 16, 2016

Considerations for Municipal Solar Projects. Ben Frevert Larsen Engineers November 16, 2016 Considerations for Municipal Solar Projects Ben Frevert Larsen Engineers November 16, 2016 Topic Areas Benefits of going green / solar Actions local governments can take Programs and incentives Implementation

More information

Next Generation Solar Incentive Program

Next Generation Solar Incentive Program COMMONWEALTH OF MASSACHUSETTS Charles D. Baker, Governor Karyn E. Polito, Lt. Governor Matthew A. Beaton, Secretary Judith Judson, Commissioner National RPS Summit Washington, D.C. December 1, 2016 Next

More information

Delaware Electric Cooperative. Solar: What You Need to Know

Delaware Electric Cooperative. Solar: What You Need to Know Delaware Electric Cooperative Solar: What You Need to Know National Solar Industry 9,000 solar companies Employing over 209,000 people Nearly 32 GW currently installed nationwide Enough solar to power

More information

Becket Energy Committee Informational Session September 9, Jim Barry, Regional Coordinator Mass DOER COMMONWEALTH OF MASSACHUSETTS

Becket Energy Committee Informational Session September 9, Jim Barry, Regional Coordinator Mass DOER COMMONWEALTH OF MASSACHUSETTS Creating a Clean, Affordable and Resilient Energy Future for the Commonwealth COMMONWEALTH OF MASSACHUSETTS Charles D. Baker, Governor Karyn Polito, Lt. Governor Matthew A. Beaton, Secretary Judith Judson,

More information

Powering Your Home With The Sun. Introduction to Residential Solar Energy Systems [Your Name] ISEA Solar Ambassador

Powering Your Home With The Sun. Introduction to Residential Solar Energy Systems [Your Name] ISEA Solar Ambassador Powering Your Home With The Sun Introduction to Residential Solar Energy Systems [Your Name] ISEA Solar Ambassador Illinois Solar Energy Association (ISEA) ISEA s mission is to educate and advocate for

More information

RENEWABLE ENERGY IN JORDAN What had to be done 8 Oct 2017

RENEWABLE ENERGY IN JORDAN What had to be done 8 Oct 2017 RENEWABLE ENERGY IN JORDAN What had to be done 8 Oct 2017 Structure of Electricity Sector Generation & Policy Maker Regulator Power Transmission Distribution Producers Ministry of Energy & Mineral Resources

More information

Solar Electric Systems for Multi-Tenant Units. Presenters

Solar Electric Systems for Multi-Tenant Units. Presenters Solar Electric Systems for Multi-Tenant Units Pacific Energy Center Tuesday, October 21, 2008 Presenters Pete Shoemaker Renewables Education Coordinator Pacific Energy Center pjsy@pge.com Chuck Hornbrook

More information

Does Community Solar Have a Future in New England?

Does Community Solar Have a Future in New England? Does Community Have a Future in New England? Cost Benefit Analysis of Community in Three New England States Stephanie Coffey and Sharon Klein University of Maine School of Economics 1 Why Community? Expand

More information

a) The 2011 Net Metering and Buyback Tariff for Emission Free, Renewable Distributed Generation Serving Customer Load

a) The 2011 Net Metering and Buyback Tariff for Emission Free, Renewable Distributed Generation Serving Customer Load Memorandum To: Municipal Light Advisory Board; Municipal Light Board; file From: Belmont Light Staff Date: June 19, 2014 Re: Solar PV Distributed Generation 1. Background & Summary Belmont Light supports

More information

Household Renewable Energy

Household Renewable Energy Household Renewable Energy Commissioner Richard Campbell May 23, 2012 Renewable Energy Promotion Methods for Households Net Metering Interconnection Rules Subsidies Tax Credits 2 Net Metering Net metering

More information

PSE&G Renewable Energy Programs Susanna Chiu Director - Business Development

PSE&G Renewable Energy Programs Susanna Chiu Director - Business Development PSE&G Renewable Energy Programs Susanna Chiu Director - Business Development 1 Advantages of Solar Energy Energy Independence. Solar energy is renewable. We never have to worry about running out of sunlight

More information

ATTACHMENT 14 RESOLUTION NO. 5888(14) Supersedes Schedule NEM of Resolution No. 5592(09) Schedule NEM NET ENERGY METERING

ATTACHMENT 14 RESOLUTION NO. 5888(14) Supersedes Schedule NEM of Resolution No. 5592(09) Schedule NEM NET ENERGY METERING APPLICABILITY ATTACHMENT 14 RESOLUTION NO. 5888(14) Supersedes Schedule NEM of Resolution No. 5592(09) Schedule NEM NET ENERGY METERING This net metering schedule applies to residential and/or small commercial

More information

Solar Renewable Energy Certificate (SREC) Markets: Status and Trends

Solar Renewable Energy Certificate (SREC) Markets: Status and Trends Solar Renewable Energy Certificate (SREC) Markets: Status and Trends Renewable Energy Markets Conference 2011 San Francisco, California Lori Bird November 17, 2011 NREL is a national laboratory of the

More information

MA SREC Update August 21, SRECTrade, Inc.

MA SREC Update August 21, SRECTrade, Inc. MA SREC Update August 21, 2014 2014 SRECTrade, Inc. Speakers Steven Eisenberg CEO Alex Sheets Director Environmental Markets Sam Rust Director Business Development Agenda Company Overview Steven Eisenberg

More information

RATE 765 RENEWABLE FEED-IN TARIFF

RATE 765 RENEWABLE FEED-IN TARIFF NORTHERN INDIANA PUBLIC SERVICE COMPANY Original Sheet No. 104 TO WHOM AVAILABLE Sheet No. 1 of 12 This Rate Schedule is a voluntary offer available to any Customer that operates within the Company s service

More information

Utility Solar Business Models

Utility Solar Business Models Utility Solar Business Models February 16, 2009 Julia Hamm SEPA Executive Director Outline About SEPA Historical Utility Solar Engagement Utility Solar Business Models What s a utility solar business model?

More information

A GUIDEBOOK ON NET METERING IN MARYLAND

A GUIDEBOOK ON NET METERING IN MARYLAND A GUIDEBOOK ON NET METERING IN MARYLAND JUNE 2013 Developed by Maryland Public Service Commission s Net Metering Working Group And Maryland Energy Administration 1 What is Net Metering? Net metering is

More information

SOLAR DISTRIBUTED GENERATION PROGRAM UPDATE

SOLAR DISTRIBUTED GENERATION PROGRAM UPDATE SOLAR DISTRIBUTED GENERATION PROGRAM UPDATE PRESENTED BY: CRIS EUGSTER ACTION: APPROVAL DATE: MAY 19, 2014 EXECUTIVE SUMMARY CPS Energy proposes to significantly expand its Solar Distributed Generation

More information

Shedding Light on S lar Overview of Solar Finance

Shedding Light on S lar Overview of Solar Finance OBAR Climate Action Committee PG&E Pacific Energy Center Thank you! Shedding Light on S lar Overview of Solar Finance 3/10/2017 Doug McKenzie dmckenzie@norcalsolar.org Solar Finance Two types of Residential

More information

Net Metering in Illinois. Eric P. Schlaf Senior Economic Analyst Illinois Commerce Commission January 31, 2014

Net Metering in Illinois. Eric P. Schlaf Senior Economic Analyst Illinois Commerce Commission January 31, 2014 Net Metering in Illinois Eric P. Schlaf Senior Economic Analyst Illinois Commerce Commission January 31, 2014 Topics What is Net Metering Benefits of Net Metering Net Metering in US Net Metering in Illinois

More information

Q Update: The State Of Distributed Solar

Q Update: The State Of Distributed Solar Q3 2017 Update: The State Of Distributed Solar Austin Perea Analyst, U.S. Solar Perea@gtmresearch.com 0 Installations (MWdc) National-Level Market Overview H1 2017 7,000 6,000 6,582 The U.S. solar PV market

More information

Portland General Electric Company Second Revision of Sheet No. 122-1 P.U.C. Oregon No. E-18 Canceling First Revision of Sheet No. 122-1 PURPOSE SCHEDULE 122 RENEWABLE RESOURCES AUTOMATIC ADJUSTMENT CLAUSE

More information

To: Honorable Public Utilities Board Submitted by: /s/ Barry Leska AGM Energy Resource Planning. From: Alan Hanger Approved by: /s/

To: Honorable Public Utilities Board Submitted by: /s/ Barry Leska AGM Energy Resource Planning. From: Alan Hanger Approved by: /s/ AGENDA ITEM NO.: 4.J.1 To: Honorable Public Utilities Board Submitted by: /s/ Barry Leska AGM Energy Resource Planning From: Alan Hanger Approved by: /s/ Senior Energy Resource Analyst Glenn O. Steiger

More information

City of Philadelphia Renewable Energy Power Purchasing RFP Pre-Proposal Meeting

City of Philadelphia Renewable Energy Power Purchasing RFP Pre-Proposal Meeting City of Philadelphia Renewable Energy Power Purchasing RFP Pre-Proposal Meeting City Energy Office October 25, 2017 For Participants on the Phone Follow along with slides posted at: http://www.philaenergy.org/public_bids/renewable-energypower-purchasing-agreement-request-for-proposal/

More information

Take a shine: Solar gardens finding room to grow

Take a shine: Solar gardens finding room to grow Take a shine: Solar gardens finding room to grow By Mark Jaffe The Denver Post Posted: 09/07/2014 12:01:00 AM MDT17 Comments Updated: a day ago Paul Spencer, founder and president of Clean Energy Collective,

More information

Small Wind Policy Options

Small Wind Policy Options Heather Rhoads-Weaver, NW Sustainable Energy for Economic Development (SEED) State policy options can play an essential role in encouraging home and business owners to install small wind energy systems

More information

Net Metering and Solar Incentive Proposed Framework

Net Metering and Solar Incentive Proposed Framework Net Metering and Solar Incentive Proposed Framework STAKEHOLDER MEETING JUNE 11, 2014 June 12, 2014 1 Meeting Agenda June 11, 2014 2-3pm. Review framework. Today s Meeting is to EXPLAIN a compromise framework

More information

FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION RATE SCHEDULES

FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION RATE SCHEDULES FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION RATE SCHEDULES Effective for Bills Rendered on or after April 1, 2017 Table of Contents Title Page Primary Residential (Rate Schedule A-17) 3 Secondary Residential

More information

Electrical District No. 3 SOLAR Q & A

Electrical District No. 3 SOLAR Q & A D3 Electrical District No. 3 SOLAR Q & A What are some things I should consider before going solar? Leasing verses owning: Know the Pros and Cons of each, as well as the Short-term and Long-Term effects

More information

The U.S. Solar Energy Industry: Powering America

The U.S. Solar Energy Industry: Powering America The U.S. Solar Energy Industry: Powering America Katherine Stainken Director, Government Affairs NASEO Energy Policy Outlook Conference February 4 th, 2015 About SEIA Founded in 1974 U.S. National Trade

More information

SOLAR RENEWABLE ENERGY, LLC. Qualifications, Experience & Representative Projects

SOLAR RENEWABLE ENERGY, LLC. Qualifications, Experience & Representative Projects SOLAR RENEWABLE ENERGY, LLC Qualifications, Experience & Representative Projects Overview Solar Renewable Energy, LLC Qualifications & Experience 3 Our Business At-A-Glance 4 Select Listing of Current

More information

Energy Savings through Solar Energy for Municipalities

Energy Savings through Solar Energy for Municipalities Energy Savings through Solar Energy for Municipalities May 2015 2014 Sunvestment Group www.sunvestmentgroup.com Solar Market Growth U.S. US Capacity and Generation: Solar Source: National Renewable Energy

More information

GRID CONSTRAINT: OPTIONS FOR PROJECT DEVELOPMENT

GRID CONSTRAINT: OPTIONS FOR PROJECT DEVELOPMENT GRID CONSTRAINT: OPTIONS FOR PROJECT DEVELOPMENT 2 What s the Problem? Constrained grid is an issue that impacts many new renewables developments. A quick look at the distribution heat maps published by

More information

SOLAR INDUSTRY OVERVIEW

SOLAR INDUSTRY OVERVIEW SOLAR INDUSTRY OVERVIEW AMERICAN ASSOCIATION OF BLACKS IN ENERGY VIRGINIA CHAPTER MEETING INTRODUCTION CORONAL DEVELOPMENT SERVICES Formerly HelioSage Energy; CDS is now the development arm of Coronal-Panasonic

More information

Michigan Renewable Energy Case Study

Michigan Renewable Energy Case Study Michigan Renewable Energy Case Study NARUC ENERGY REGULATORY PARTNERSHIP WITH GEORGIAN NATIONAL ENERGY AND WATER SUPPLY REGULATORY COMMISSION TBILISI, GEORGIA JANUARY 27-31, 2014 GREG R. WHITE, COMMISSIONER

More information

Iowa Statewide Solar Readiness Initiative

Iowa Statewide Solar Readiness Initiative Iowa Statewide Solar Readiness Initiative Agenda» Project Background» Iowa Solar Readiness Initiative Overview» Status of Solar in Iowa» Structure of the Iowa Solar Readiness Initiative» Q&A World Food

More information

D.P.U A Appendix B 220 CMR: DEPARTMENT OF PUBLIC UTILITIES

D.P.U A Appendix B 220 CMR: DEPARTMENT OF PUBLIC UTILITIES 220 CMR 18.00: NET METERING Section 18.01: Purpose and Scope 18.02: Definitions 18.03: Net Metering Services 18.04: Calculation of Net Metering Credits 18.05: Allocation of Net Metering Credits 18.06:

More information

Net Energy Metering and Interconnections. Community Solar in the District of Columbia

Net Energy Metering and Interconnections. Community Solar in the District of Columbia Net Energy Metering and Interconnections Community Solar in the District of Columbia Presented by: Virginia Burginger August 4, 2016 1 Welcome Overview of Community Net Metering in the District of Columbia

More information

Exhibit 1. Background. Authorizing Legislation

Exhibit 1. Background. Authorizing Legislation Background Authorizing Legislation The Boulder Canyon Project Act (43 U.S.C. 617, et seq.), enacted by the U.S. Congress in 1928 (The 1928 Act), authorized the Secretary of the Interior to spend up to

More information

Community Solar Discussion

Community Solar Discussion Community Solar Discussion NCSL & NASEO Solar Energy Bootcamp Jason Coughlin August 24th, 2016 NREL is a national laboratory of the U.S. Department of Energy, Office of Energy Efficiency and Renewable

More information

FINANCING OPTIONS FOR SOLAR PV

FINANCING OPTIONS FOR SOLAR PV FINANCING OPTIONS FOR SOLAR PV February 5, 2013 Webinar Evergreen State Solar Partnership HOUSEKEEPING During the Webinar: For technical assistance, call 206 625 1300 To ask questions, expand the Questions

More information

SDG&E Customer Distributed Generation Programs. Steve Jaffe Senior Market Advisor Customer Innovations Group September 14, 2009

SDG&E Customer Distributed Generation Programs. Steve Jaffe Senior Market Advisor Customer Innovations Group September 14, 2009 SDG&E Customer Distributed Generation Programs Steve Jaffe Senior Market Advisor Customer Innovations Group September 14, 2009 About SDG&E... A regulated public utility that provides service in San Diego

More information

Workshop on International Good Practices of Sustainable Energy Technologies. Beirut Energy Forum 9-11 Sep 2015

Workshop on International Good Practices of Sustainable Energy Technologies. Beirut Energy Forum 9-11 Sep 2015 Workshop on International Good Practices of Sustainable Energy Technologies Beirut Energy Forum 9-11 Sep 2015 Eng. Ziad Jebril Sabra Advisor to the Minister Ministry of Energy and Mineral Resources JORDAN

More information

DG Energy Partners Solar Project Pricing Index Q4, Advisory Research Finance

DG Energy Partners Solar Project Pricing Index Q4, Advisory Research Finance DG Energy Partners Solar Project Pricing Index Q4, 2013 Advisory Research Finance DGEP Project Pricing Index DGEP has developed the first Project Pricing Index (PPI) for solar projects in the United States.

More information

Kansas Legislator Briefing Book 2009

Kansas Legislator Briefing Book 2009 Kansas Legislator Briefing Book 2009 Agriculture, Natural Resources, and Energy B-5 Net Metering Other reports available B-1 The Kansas Animal Health Department and Foreign Animal Diseases B-2 Water Litigation

More information

216B.164 COGENERATION AND SMALL POWER PRODUCTION.

216B.164 COGENERATION AND SMALL POWER PRODUCTION. 116C.7792 SOLAR ENERGY INCENTIVE PROGRAM. (a)the utility subject to section 116C.779 shall operate a program to provide solar energy production incentives for solar energy systems of no more than a total

More information

Update on State Solar Net Metering Activities Lori Bird, NREL RPS Collaborative Summit Washington, DC September 23, 2014

Update on State Solar Net Metering Activities Lori Bird, NREL RPS Collaborative Summit Washington, DC September 23, 2014 Update on State Solar Net Metering Activities Lori Bird, NREL RPS Collaborative Summit Washington, DC September 23, 2014 NREL is a national laboratory of the U.S. Department of Energy, Office of Energy

More information

HOW NET METERING OF ELECTRICITY WORKS

HOW NET METERING OF ELECTRICITY WORKS HOW NET METERING OF ELECTRICITY WORKS POWER THE FUTURE REGIONAL PROGRAM Armen Arzumanyan July 13, 2018 Tashkent, Uzbekistan 1 CONTENTS Introduction History Basic Principle Related Mechanisms Costs and

More information

Massachusetts. Community Solar Net Metering Credit Program. member owned. nature operated. National Innovative Green Power Program of the Year

Massachusetts. Community Solar Net Metering Credit Program. member owned. nature operated. National Innovative Green Power Program of the Year member owned. nature operated. Community Solar Net Metering Credit Program Massachusetts National Innovative Green Power Program of the Year 2012 Award Winner 2012 National Photovoltaic Project of Distinction

More information

AES Corporation A CLEAN Program Brief

AES Corporation A CLEAN Program Brief AES Corporation A CLEAN Program Brief The unleashing of wholesale distributed generation in key market segments Overview The AES Corporation is a Fortune 200 global energy company with operations in 17

More information

Legal Considerations Related to Distributed Energy Resources

Legal Considerations Related to Distributed Energy Resources Legal Considerations Related to Distributed Energy Resources Steve Pincus Associate General Counsel Steve Shparber Counsel Markets & Reliability Committee April 18, 2016 Overview of FERC Jurisdiction FERC

More information

Table of Contents. An Evolving Mindset 5/18/2016. Brick and Mortar Goes Solar: Successful Renewable Energy Initiatives.

Table of Contents. An Evolving Mindset 5/18/2016. Brick and Mortar Goes Solar: Successful Renewable Energy Initiatives. Brick and Mortar Goes Solar: Successful Renewable Energy Initiatives By: Marc-jean Commercial Energy Consultant, SolarCity Table of Contents Increased interest in green buildings Solar today/where we ve

More information

Net Metering in Missouri

Net Metering in Missouri Net Metering in Missouri Make A Good Policy Great (AGAIN) Executive Summary More and more Americans every year are able to produce their own electricity. As the cost of solar continues to plummet, homeowners

More information

PART 4: Understanding Incentives INVESTMENT ANALYSIS. Eric Romich Milton Geiger Benjamin S. Rashford. Elena Elisseeva

PART 4: Understanding Incentives INVESTMENT ANALYSIS. Eric Romich Milton Geiger Benjamin S. Rashford.  Elena Elisseeva PART 4: Understanding Incentives INVESTMENT ANALYSIS Eric Romich Milton Geiger Benjamin S. Rashford http://bit.ly/2bnnnuf Elena Elisseeva B-1291.4 August 2016 SOLAR ELECTRIC INVESTMENT ANALYSIS PART 4:

More information

Purple Line Light Rail P3 Project

Purple Line Light Rail P3 Project Purple Line Light Rail P3 Project TPB Meeting May 18, 2016 1 Topics General Project Overview The P3 Contract Details on The Successful Proposal 2 Recap of Purple Line P3 Events In November 2013 MTA initiated

More information

RIPUC No Cancelling RIPUC No Sheet 1 THE NARRAGANSETT ELECTRIC COMPANY NET METERING PROVISION

RIPUC No Cancelling RIPUC No Sheet 1 THE NARRAGANSETT ELECTRIC COMPANY NET METERING PROVISION THE NARRAGANSETT ELECTRIC COMPANY NET METERING PROVISION RIPUC No. 2178 Sheet 1 I. Definitions Commission shall mean the Rhode Island Public Utilities Commission. Community Remote Net Metering System shall

More information

Interconnection and Net Metering Service in Ohio

Interconnection and Net Metering Service in Ohio Interconnection and Net Metering Service in Ohio Partnership between National Association of Regulatory Utility Commissioners and The National Commission for Energy State Regulation of Ukraine June 20,

More information

Net Metering at Eversource

Net Metering at Eversource Net Metering at Eversource Lisa Carloni Director Billing, Payments and Meter Data Services CS Week - May 3, 2018 1 Eversource Energy Overview 3.1 million electric and 500,000 natural gas customers 8,300

More information

State Drivers: Input for Regional Profiling

State Drivers: Input for Regional Profiling State Drivers: Input for Regional Profiling February 2, 2009 Angela Chuang Senior Project Manager Overview Regional Profiling for distributed resource integration What is meant by distributed resources

More information

U.S. SOLAR ENERGY INDUSTRY: NATIONAL DYNAMICS & STATE-LEVEL IMPACTS

U.S. SOLAR ENERGY INDUSTRY: NATIONAL DYNAMICS & STATE-LEVEL IMPACTS U.S. SOLAR ENERGY INDUSTRY: NATIONAL DYNAMICS & STATE-LEVEL IMPACTS Rick Umoff Regulatory Counsel and Director State Affairs, SEIA December 14, 2017 www.seia.org U.S. SOLAR INDUSTRY: SETTING THE STAGE

More information

Thomas Edison, U.S. inventor, in 1931 conversation with Henry Ford and Harvey Firestone

Thomas Edison, U.S. inventor, in 1931 conversation with Henry Ford and Harvey Firestone We are like tenant farmers chopping down the fence around our house for fuel when we should be using nature s inexhaustible sources of energy; sun, wind and tide... I d put my money on the sun and solar

More information

SCHEDULE 62 COGENERATION AND SMALL POWER PRODUCTION SCHEDULE - IDAHO

SCHEDULE 62 COGENERATION AND SMALL POWER PRODUCTION SCHEDULE - IDAHO First Revision Sheet 62 62 I.P.U.C. No. 28 Original Sheet 62 SCHEDULE 62 COGENERATION AND SMALL POWER PRODUCTION SCHEDULE - IDAHO AVAILABLE: In all the electric territory served by the Company in the State

More information

9/9/2015. The Dependence Problem. The Cost Problem. Three Problems With Current Energy Supply in Indian Country

9/9/2015. The Dependence Problem. The Cost Problem. Three Problems With Current Energy Supply in Indian Country Three Problems With Current Energy Supply in Indian Country Southwest Tribal Housing Alliance Annual Meeting Casino del Sol Resort Tucson, Arizona July 29, 2015 Financing Green Energy for Tribal Housing

More information

Redevelopment Forum. New Brunswick, NJ March 4, Alfredo Z. Matos Vice President Renewables & Energy Solutions

Redevelopment Forum. New Brunswick, NJ March 4, Alfredo Z. Matos Vice President Renewables & Energy Solutions Redevelopment Forum New Brunswick, NJ March 4, 2011 Alfredo Z. Matos Vice President Renewables & Energy Solutions Public Service Enterprise Group (PSEG) PSEG is a publicly traded energy and energy services

More information

Creating A Greener Energy Future For the Commonwealth. Massachusetts RPS Solar Carve-Out: Overview & Program Basics.

Creating A Greener Energy Future For the Commonwealth. Massachusetts RPS Solar Carve-Out: Overview & Program Basics. Massachusetts RPS Solar Carve-Out: Overview & Program Basics November 2, 2011 Outline Learn how the solar PV market has grown in MA since 2007 Understand the policy design of the MA RPS Solar Carve-Out

More information