1. The Future of Solar Finance October 9, 2014

2. Today’s SEFA Speakers & Webinar Protocol Mary Rottman: Rottman-Associates Seth Weissman: SolarCity Nick Mack: Clean Power Finance Tom Tansy: SunSpec Alliance Tom Fink: Trepp LLC Please send questions to chat window Will provide answers at end of presentation

3. Agenda SEFA mission Relationship with NREL & SAPC Current initiatives o Standard contracts o Consumer Protection o Databases Leadership structure & board Membership In-person meeting at SPI

4. Industry Need

5. SEFA Mission Expand availability of public capital to solar industry Industry leadership forum Leverage the work of NREL SAPC Maintain and expand work products Education, networking & innovation

6. SEFA Organization Incorporated in 2013 California mutual benefit association Facilitate the SAPC mock securitization efforts Contract with NREL to administer standard solar finance contracts Work in parallel with NREL/SAPC initiatives

7. Current Initiatives: Standard Contracts Residential o For vertically integrated developers and installers –0% Down Residential Lease –Residential PPA Agreement o For third-party finance providers –0% Down Residential Lease –Residential PPA Agreement Commercial Contracts o Commercial PPA o Commercial lease (in process)

8. Current Initiatives: Consumer Protection Started in September 2014 o Working group participation by 30 different solar industry representatives o Focusing on consumer education and internal regulatory “good housekeeping” Work product for SEFA member approval at SPI: o Internal Regulatory Compliance Memos o Consumer education – “Key Solar Contract Points” list o Example of standard contract packet disclosures Longer term goals

9. Current Initiatives: Data Standardization oSPARC o Open Solar Performance and Reliability Clearinghouse o Actuarial data base for evaluating investment risk o Free to use for SEFA members oSPARC plant data dictionary o Free to use for SEFA members Data Exchange API’s o Launching at SPI o Free to use for SEFA members O&M Best Practices & Cost Model o Launching at SPI o Free to use for SEFA members Plant Monitoring Best Practices Guide Free to use for SEFA members SunSpec Initiative Support Extended to SEFA Members

10. Leadership Board of directors o Tom Fink – Trepp LLC (Secretary) o Mina Kim – SunRun o Nicholas Mack – Clean Power Finance o Keith Martin – Chadbourne & Parke o Mary Rottman – Rottman-Associates (President & Treasurer) o Tom Tansy – SunSpec Alliance (Membership) o Seth Weissman – SolarCity Advisory board o Mike Mendelsohn – NREL o Dirk Michels - K&L Gates

11. Membership Open to stakeholders in solar & finance industries o Banking o Developers & asset owners o Legal, accounting, data analytics, servicing, equipment suppliers, monitoring, education, research, government Founder membership campaign o $1,000 o Shape the industry! o Company logo recognition on website Membership benefits

12. SEFA Member Meeting In-person member meeting at SPI o After SAPC meeting on October 21, 2014 Open meeting Vote on new board members Nominations Participation available by conference call

13. Information & Contacts Website: http://sefa-finance.orghttp://sefa-finance.org Information: info@sefa-finance.orginfo@sefa-finance.org Membership: membership@sefa-finance.orgmembership@sefa-finance.org

14. Q&A Questions? Comments?

15. Thank You!