Lee Lenox● 13.9 MW ● Lee & Lenox, MA

GREEN POWER

More than 17 years of power in just one day

What is Net Metering Long-term agreement to supply/purchase solar energy Several different models (sale-leaseback, partnership- flip) Classic structured finance (securitization of revenue streams) Leading method of 3 rd party finance

Incentives What makes this affordable today? State Incentives Tax Credits Renewable Energy Credits Carbon Credits

Get Your Team Together

Electricity Cost

Previous 40 Year Electricity Prices in MA $.1788/kWh $.0249/kWh MEAN CAGR 5.6%

The Solar PPA Solution Purchase Renewable Energy  20-year term  Early purchase options at yr 7,10, 15 & 20  Fixed annual price & step-up escalators  End-of-term: renew, purchase, have system removed Provide Renewable Energy from PV  Engineer, procurement, construction (EPC)  Financing & RECs  Rebates & incentives  Energy metering, billing & maintenance PPA Provider Milton Schools

Benefits and Risks Benefits –Price stability, affordability, hedge –Economic savings –Environmental benefits—e.g. LEED –Reduce your carbon footprint –Becoming a good corporate citizen –Makes your employees feel proud that they are making a difference ► Without risks  No large capital outlay  No need to become a “solar project expert”  No O & M  No performance risk  No distractions

Now Let’s Get to Work

What is Required Managed Development –Site Control –Funding –Off taker –EPC Track Record –Understanding of grid connection –Ability to maintain

What Size of System?

Electric Bills

S OLAR ON THE ROOF

S OLAR ON THE G ROUND

And do not forget about Parking Lot Design

Layout of System

Size of System 748 kW

Electricity Produced 889 MWh/year