Community Solar in Granville May 19, 2013 We are a family of - - PDF document

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Community Solar

in Granville

May 19, 2013

We are a family of initiatives dedicated to sustainable community-building

Our triple bottom line

• Social equity
• Environmental stewardship
• Economic growth

Our expertise

• Business, finance, and law
• Managing and financing complex

projects

• Supporting diverse nonprofits and

mission-driven organizations

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Our Roots in Community Power

2007

LEED for Neighborhood Development Pilot Program

2009

• Solar America Showcase Award
• Collaboration with National

Renewable Energy Laboratory

2010

1603 Treasury Program Grants

Finance Meets Fundraising

• Streamlined
• Customized
• Transparent
• Power Purchase Agreements
• Solar Loans
• Peer-to-Peer Lending
• Local, state & federal Incentives

1603 Grants Targeted Donations Crowd Funding

• New Market Tax Credits
• Rebates
• Solar Renewable Credits
• Traditional Loans

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Community Solar:

A solar-electric system that provides power and/or financial benefit to multiple community members

• Production
• Collective action
• Education

How Community-based Models Work

Collectively, the co-op invests in a solar array, which is then installed on a host site. The host

• Pays co-op for energy produced
• Pays utility for any excess energy

Co-op members

• Receive payments
• Offset their energy use
• Shrink their carbon footprint

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How Community-based Models Work Advantages of Community Solar

Overcomes barriers

• Raises capital
• Accesses tax incentives
• Shares energy among

geographically dispersed

• wners

Affordable

• Costs same or less than

individual ownership

• Offers return on investment

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Advantages of Community Solar

Disperses benefits

• Many, varied investors

benefit

• Educational component

benefits schools and students

• Advocacy component

benefits future generations

Advantages of Community Solar

Inclusive

• Participants own shares of

community project

• Welcomes:
• wners of shady property
• renters
• businesses
• students
• future community residents
• residents who may move within 25 years

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Advantages of Community Solar

Influential Challenges large energy users to make corresponding investments Replicable Serves as a model for other communities Educational

Community Solar

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Thank you

Joe Recchie jrecchie@gmail.com solarfornonprofits.com