Commercial PACE Project Development Presenter: Mike Bahr CEO ReNewAll PACE Nation Summit March 1, 2016

Items I Will Cover Today 2 ReNewAll CONFIDENTIAL ReNewAll – Who we are & PACE experience RNA Project Development Stages Project examples from each stage

ReNewAll Contractor Network: ReNewAll works with contractors to develops programs and projects for property owners. Project Development: We can rapidly, comprehensively, and cost-effectively address energy efficiency measures and renewable energy opportunities, to meet the goals of any property owner. Project Financing: The ReNewAll Clean Energy Fund offers PPAs, leases, loans, tax equity and multiple PACE project financing options for contractors and property owners. 3 ReNewAll CONFIDENTIAL

ReNewAll PACE Experience L.A. County Commercial PACE Program Key Project: Hilton Universal City - $7 million E.E. PACE SF Green Finance Key Project: China Live –$1.8 million E.E. PACE Current Commercial PACE projects working on: 86 projects, totaling $35 million Projects in multiple PACE programs Residential PACE projects now coming in 4 ReNewAll CONFIDENTIAL

ReNewAll Contractor Networks L.A. Chapter NECA/ IBEW-11 LMCC Assist NECA contractors develop, sell and get projects financed GOAL: create a platform that offers contractors the opportunity for living wage installs. L.A. Chapter Ironworks Locals 411 & 433 and West Region District Assist Ironworkers signatory contractors develop, sell and get projects financed City of L.A. Seismic ordinance – Seismic Projects are PACE eligible Solar Contractors - More than 30 contractor partners working commercial and residential solar projects GOAL For All: Provide their property owner clients a great finance mechanism to get their solar and energy efficiency projects completed. 5 ReNewAll CONFIDENTIAL

$300M ReNewAll Clean Energy Fund ReNewAll now has a $300 Million Fund, available through its exclusive finance partner TRITEC Americas, to finance energy solutions projects. Commercial Finance Products: PPAs, leases and multiple PACE project financing options. Eligible Commercial Projects: Rooftop, ground mount and solar carports, LED lighting, Control Systems, EV chargers, energy storage, electrical improvements, motors and pumps, HVAC/R, roofs, fuel cells, water conservation and Seismic Retrofits. Eligible Properties: Commercial, Industrial, Shopping Centers, Lodging, Non-Profit, Multi-Family & Churches 6 ReNewAll CONFIDENTIAL

ReNewAll Project Development Stages Initial Data Collection – (Prior to Site Visit) Site Visit and Energy Assessment Energy Action Plan Finance Package Signed Contracts 7 ReNewAll CONFIDENTIAL

Initial Data Collection Contractor proposal, if one already completed Basic building data: size, age, use, hrs. of operation Any previous ECMs and when completed 1 year utility bills Annual energy spend Demand charges Current rate tier Time of use charges 8 ReNewAll CONFIDENTIAL

Data Example 9 ReNewAll CONFIDENTIAL NM_CUSTNM_ACCTAccount NoSERV_PT_IDCD_RATEID_MTR_KEYBILL_YEARBILL_MONTHINTRVL_DATECHNL_IDMIN_0015_KWHMIN_0030_KWHMIN_0045_KWHMIN_0100_KWHMIN_0115_KWHMIN_0130_KWHMIN_0145_KWHMIN_0200_KWH LADY OF ANGELSLA CHURCH A /30/ LADY OF ANGELSLA CHURCH A /29/ LADY OF ANGELSLA CHURCH A /28/ LADY OF ANGELSLA CHURCH A /27/ LADY OF ANGELSLA CHURCH A /26/ LADY OF ANGELSLA CHURCH A /25/ LADY OF ANGELSLA CHURCH A /24/ LADY OF ANGELSLA CHURCH A /23/ LADY OF ANGELSLA CHURCH A /22/ LADY OF ANGELSLA CHURCH A /21/ LADY OF ANGELSLA CHURCH A /20/ LADY OF ANGELSLA CHURCH A /19/ LADY OF ANGELSLA CHURCH A /18/ LADY OF ANGELSLA CHURCH A /17/ LADY OF ANGELSLA CHURCH A /16/ LADY OF ANGELSLA CHURCH A /15/ LADY OF ANGELSLA CHURCH A /14/ LADY OF ANGELSLA CHURCH A /13/ LADY OF ANGELSLA CHURCH A /12/ LADY OF ANGELSLA CHURCH A /11/ LADY OF ANGELSLA CHURCH A /10/ LADY OF ANGELSLA CHURCH A /9/ LADY OF ANGELSLA CHURCH A /8/ LADY OF ANGELSLA CHURCH A /7/ LADY OF ANGELSLA CHURCH A /6/ LADY OF ANGELSLA CHURCH A /5/ LADY OF ANGELSLA CHURCH A /4/ LADY OF ANGELSLA CHURCH A /3/ LADY OF ANGELSLA CHURCH A /2/ LADY OF ANGELSLA CHURCH A /1/ Below is a sample 15-min interval usage data ReNewAll collect from San Diego Gas & Electric

Site Visit & Energy Assessment Meet with Property Owner – Identify their goals for a Project Electrical & Lighting Audit Building Management Controls Audit HVAC-R & Central Plant Audit Roof review Building Shell review– windows (film) & doors Motors review Solar PV and Energy Storage assessment Water Conservation opportunities Seismic review – if needed 10 ReNewAll CONFIDENTIAL

Energy Assessment Example 11 ReNewAll CONFIDENTIAL

Energy Action Plan (Project Proposal) Assessments Findings Energy Conservation Measures Recommendations - w/SOW Solar PV and Energy Storage Recommendations - w/SOW Proposed Scopes of Work Budgets Available Incentives Financing Proposal – Term Sheets Contracts 12 ReNewAll CONFIDENTIAL

Action Plan Example 13 ReNewAll CONFIDENTIAL

Finance Package Energy Improvement projects are first and foremost a financial transaction. - If it does not pencil for property owner, it probably will not get done. Incentives first – Reduce cost of projects. Find the best financing vehicle available for each project – PACE is an option always on the table Capital Stack usually needed – One size funding does not fit all 14 ReNewAll CONFIDENTIAL

Finance Package Example 15 ReNewAll CONFIDENTIAL

Contract Signing Met the Building Owner Goals Solutions can be constructed for little or no out of pocket costs to building owner: Use Energy Savings and Energy Generation to finance project. Offered financing that meets owners goals – PACE helps get to Yes! Close the Sale & Get the Contracts Signed 16 ReNewAll CONFIDENTIAL

Mike Bahr (626) Joe Berney (626)