When will HB57 benefit solar in Georgia? Susan Kidd Executive Director, Center for Sustainability Agnes Scott College Southern Solar Summit Panel September.

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Presentation transcript:

When will HB57 benefit solar in Georgia? Susan Kidd Executive Director, Center for Sustainability Agnes Scott College Southern Solar Summit Panel September 10, 2015

Mission & motivation for a non-profit educational institution “Living honorably” – do the right thing Dual mission of climate neutrality & education (relates to acceptable risk) Long term view in terms of both utility budget & sustainability

What we are looking for? Competitive pricing Agreeable timeframe Cooperative effort with staff (facilities, business office, sustainability) Outreach to students and surrounding community

Solar Projects Five completed projects before HB 57 Observatory Roof* 6kW Science Center 21kW Facilities Roof 100kW Parking Deck 93kw Soccer/Tennis Court 19kW TOTAL: 239kW * Funded by college’s Green Revolving Fund

Solar Investor Model 4 projects are investor financed – Renewable energy credits (RECs) held by college – Investors receive all tax credits & accelerated depreciation – Guaranteed cash flow from GPASI – College anticipates eventual ownership

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