Local Energy Solutions: NH Community Supported Solar www.GreenMonadnock.org Local Energy Solutions: NH Community Supported Solar November 19, 2016

Solar Industry Context: PV accounted for largest share of new US electric generating capacity in 2015 Cumulative PV installed in 2010 was 2 GW; in 2015, it was 25GW (!) Community Solar is relatively new In 2014, CS was 66 of 6,201 MW installed Largely dominated by developers who manage projects and retain control/profits PV accounted for largest share of new US electric generating capacity in 2015 at 29.4%. Cumulative PV installed in 2010 was 2 GW; in 2015, it was 25GW (!) Community solar is relatively new- in 2014 it accounted for 66 of the 6,201 MW installed. Community solar is dominated by developers who manage the (mostly large) projects and retain control and profits.

Solar Ownership Options: Individuals and businesses can buy or lease Community solar owned by developers and utilities Most rely on group net metering Non-profit using charitable fundraising Community Group Net Metered with shared ownership and shared electricity Community Supported Solar: Group forms a company to own the PV and sell electricity and eventually the system to a host Individuals and businesses can buy or lease Community solar owned by developers and utilities, most rely on group net metering Non profit using charitable fundraising Community Group net metered w/ shared ownership and shared electricity Community Supported Solar where a group forms a company to own the PV and sell electricity and the system eventually to a host

Community Supported Solar is: A locally owned & controlled solar electric (PV) system with multiple participants A local investment An option with lower up front cost per person A hedge against rising energy costs A clean carbon free power plant A component of local resiliency A local jobs opportunity A source of pride A locally owned & controlled solar electric (PV) system with multiple participants A local investment option An option w/ lower up front $ outlays/person A hedge against rising energy costs A clean carbon free power plant A component of local resiliency A local jobs opportunity A source of pride

Monadnock Food Co-Op Roof: Before

Project History Antioch University NE research: January-May 2014 “Monadnock Community Solar initiative” Steering Committee formed: April 2014 Monadnock Food Co-Op agrees to host: Feb. 2015 Purchase Power Agreement with MFC: April-Oct. 2015 Investor Meeting: May 2015 Bid Process: September-October 2015 Installation: March-May 2016 System Start-Up: May 25, 2016 Antioch UNE research: January- May, 2014 MCSi steering committee formed: April, 2014 MF Co-op agreed to be host: February, 2015 Purchase Power Agreement w/ MFC: April-October, 2015 Investor Meeting: May, 2015 Bid Process: September-October, 2015 Installation: March-May, 2016 System Start up: May 25, 2016

Community Power

Monadnock Food Co-Op Roof: After

Keene Co-op Takeaways Up to 25 investors (was 10) can own a PV system and get a return before selling to host The investors need to be accredited and have passive income We figured out the legal issues and offer templates to make it affordable for others Investment, tax and energy dollars are retained in the community

What’s NEXT?

The NH Community Supported Solar Guide offers: Get Informed The NH Community Supported Solar Guide offers: An introduction, overview and potential planning ideas for community solar energy projects; An explanation of options; and Guidelines on the advantages and disadvantages of project concepts and strategies. The NH Community Supported Solar Guide offers: An introduction, overview and potential planning ideas for community solar energy projects; it explores and explains CS options and provides broad and general guidelines on the advantages and disadvantages of community solar energy project concepts and strategies.

Power up The NH Community Supported Solar GUIDE is for groups to: Get clean power from a PV system on one property and share the power. Form a new business to own the PV and supply clean electricity, make a return, then sell the system to the host. The NH Community Supported Solar GUIDE is for groups to: Get their electricity from a PV system on one property by committing their meters to use the clean power. Community Group (shared) Solar Form a new business to own the PV and supply clean electricity, make a return, then sell the system to the host.

NH CSS Guide Support documents: LLC filing template Power Purchase Agreement (PPA) Investor Spreadsheet Investor Memorandum & Agreement Project Schedule Spreadsheet Request for Proposal Engineering Procurement Contract Lease Agreement Investor Presentation …and Resources/Contacts to learn much more!

Unutilized Asset or Clean, local Power ? $0.00 revenue/year $5000.00 electricity/Year 1 Unutilized Asset or Clean, local Power ?

The CARBON FEE & DIVIDEND proposal by Citizens Climate Lobby is achievable and equitable because it distributes the Fee revenue to all households. Check out Katharine Hayhoe and Global Weirding A price on carbon is the most effective and efficient way to save our planet from overheating

Thank You! www.GreenMonadnock.org For more information on the NH Community Supported Solar Guide, please visit: www.GreenMonadnock.org

C0-op Investor summary Funds ($90K Investors; w/ Co-op $60 K pre purchased electricity) PV system Legal, eng’g, reserve Year 1: NH Rebate, FITC,MACRS, -tax on pre purchased electricity, RECs & PPA ($.03/kwh) NET end Yr 1 Yrs 2-6 MACRs,RECs, PPA, buyout $20K Net Year 6 -$ 150,000 $ 135,000 $ 15,000 - $44,300 $10,000