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

5/24/13 ¡ 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 1 ¡

5/24/13 ¡ 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 1603 Targeted Crowd Grants Donations Funding • New Market Tax Credits • Power Purchase Agreements • Rebates • Solar Loans • Solar Renewable Credits • Peer-to-Peer Lending • Traditional Loans • Local, state & federal Incentives 2 ¡

5/24/13 ¡ 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. Co-op members The host • Receive payments Pays co-op for energy produced • • Offset their energy use Pays utility for any excess energy • • Shrink their carbon footprint 3 ¡

5/24/13 ¡ How Community-based Models Work Advantages of Community Solar Overcomes barriers • Raises capital • Accesses tax incentives • Shares energy among geographically dispersed owners Affordable • Costs same or less than individual ownership • Offers return on investment 4 ¡

5/24/13 ¡ 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 : owners of shady property • renters • businesses • students • future community residents • residents who may move within 25 years • 5 ¡

5/24/13 ¡ Advantages of Community Solar Influential Challenges large energy users to make corresponding investments Replicable Serves as a model for other communities Educational Community Solar 6 ¡

5/24/13 ¡ Thank you Joe Recchie jrecchie@gmail.com solarfornonprofits.com 7 ¡