1. Lee Lenox● 13.9 MW ● Lee & Lenox, MA

3. GREEN POWER

5. More than 17 years of power in just one day

6. 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

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

8. Get Your Team Together

9. Electricity Cost

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

11. 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

12. 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

13. Now Let’s Get to Work

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

15. What Size of System?

16. Electric Bills

17. S OLAR ON THE ROOF

18. S OLAR ON THE G ROUND

19. And do not forget about Parking Lot Design

20. Layout of System

21. Size of System 748 kW

22. Electricity Produced 889 MWh/year