Multi- Family Solar Event 1 Agenda City goals City of 15 - - PowerPoint PPT Presentation

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Multi- Family Solar Event 1 Agenda City goals City of 15 - - PowerPoint PPT Presentation

Feb 19, 2024 267 likes •891 views

Multi- Family Solar Event 1 Agenda City goals City of 15 minutes Solar programs Cambridge & Introduction Case studies Somerville Multi-Family Pathways Zapotec Energy 20 minutes Solar for Multi-

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Multi- Family Solar Event

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Agenda

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Introduction

  • City goals
  • Solar programs
  • Case studies

City of Cambridge & Somerville 15 minutes Solar for Multi- Family Homes

  • Multi-Family Pathways
  • Resources
  • Support

Zapotec Energy 20 minutes Solar Loans

  • Type of loan
  • Term/structure/rate
  • Application process

Naveo Credit Union 5 minutes Q&A 15 minutes

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Sunny Cambridge – The Year of Solar!

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NET ZERO EMISSIONS REDUCTION MODEL

  • 200,000

400,000 600,000 800,000 1,000,000 1,200,000

Energy Efficiency Reductions

70% REDUCTION BY 2040

Renewable Energy Additions

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Georgetown University Energy Prize

  • $5 million prize
  • 2 years to compete – 2016 is the FINAL year!
  • 50 cities and towns
  • Municipal and residential electricity and natural gas

usage

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Cambridge Solar Map

The MIT-developed MapDwell tool shows that if photovoltaic panels were installed on all good solar locations, Cambridge could generate about a third of its electricity needs via Solar PV!

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Cambridge Solar Growth

500 1000 1500 2000 2500 3000 3500 4000 4500 5000

Total KW Capacity

Date

Total PV Capacity in Cambridge, MA

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Solar Economics 101 5kW System, Good Solar Access, No Special Requirements

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Gross Cost ($20,000)

Federal Tax Credit 30% MA Credit $1k

$7,000 Net Cost ($13,000) 20 Year Utility Bill Savings $34,000 10 Years of SRECs $15,000  5 year payback  Net savings of $30,000+  20% return on investment  3% increased property value 20 Year Total Return $36,000

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SunnyCambridge.org

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  • Specify property location
  • Energy use
  • System and

financing preferences

  • 1. Homeowners create

property profiles

  • Use aerial images
  • Phone, email contact
  • Submit quotes online

via marketplace

  • 2. Solar installers design

systems, submit quotes

  • Apples-to-apples

comparison of system & financing options

  • Live decision support

from solar advisors

  • 3. Homeowners compare

quotes & select one

Three easy steps: Simple, online comparison- shopping solution

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Sunny Cambridge Multi-Family Solar

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Cushing Street

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Sunny Cambridge Multi-Family Solar

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  • A two-member Homeowner

Association

  • Mutual agreement for

installation

  • No common meter, two unit net

meters

  • Installed two separate PV systems
  • Plan to amend condominium

documents

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Sunny Cambridge Multi-Family Solar

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Sunny Cambridge Multi-Family Solar

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"The folks at EnergySage and Sunny Cambridge were responsive and helpful, and it was also a pleasure working with

  • ur installer,
  • Invaleon. They provided

sound advice and personalized service; they got our system installed, approved, and up and running within 6 weeks.” *Larsen-Garceau Family

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Solar 102: Solar for Multi-Family, Condo-owners, and Landlords August 16, 2016

Solarize Somerville: Multi-Family Buildings

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Sustainability in Somerville

Carbon neutral by 2050

  • www.somervillema.gov/sustainaville.

City’s overarching climate change initiative SolarizeMass Somerville

  • Aug-Nov 2016, volunteer/City/State

campaign offering reduced-cost solar SolarFlair

  • SolarizeMass Somerville selected

installer

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Emissions & Energy in Somerville

  • No-cost Home Energy

Assessments

  • Make sure your home is

running safely and efficient.

  • Receive incentives like

no-cost air sealing and up to $2,000 off insulation.

  • Sign up:

MassSave.com

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Solar interest in Somerville

2014 survey: almost ¾ of interest came from multi-family residents

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96 (34%) 109 (38%) 4 (1%) 75 (26%) 20 40 60 80 100 120

Condo Multi-Family (1-4 units) Multi-Family (4+ units) Single Family

If you own, what type of home do you

  • wn?
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SOLARIZE SOMERVILLE

Mary Mangan Volunteer Solar Coach

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Solarize Goals

  • Increase adoption of solar power in our community
  • Gather the neighbors into a group, so pricing is reduced

Savings typically 20%-25% Compared to MA state averages

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Solarize Selection

  • Office of Sustainability

and Environment

  • Housing programs

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City Process

  • City goal: 100 homes
  • SolarFlair goal: 200!

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Residents Wanted Options

  • Outright ownership
  • MassSolarLoan
  • Power Purchase Agreement (PPA)
  • Donation to a community purpose

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Your Mission

  • Research
  • Tell your neighbors
  • Stay tuned for more events

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Special Event for Multi-family Issues

  • Net metering: one meter? More?
  • Schedule-Z for virtual net metering to other accounts

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Our house: 1 net meter + “virtual” net meter

My account = has the net meter My bill = $0 (I used 204 kWh) (there is a $6.43 delivery charge) 1% of production credited to me (this case $8.56 credit) Housemate = “virtual” net meter via the Schedule-Z form His bill = credit of $211.24 99% of production credited to him Production: 1349 – 1145 = 204 kW 27

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Sustainaville Website for Info + Contacts

www.somervillema.gov/solarize

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In Install llin ing Sola lar Energy for

Condominiums & Multi-Family Homes

Zapotec Energy, Inc.

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Racking Solar Panels Inverter Solar Panel Inverter “Net” Meter Electrical Panel Grid

Sola lar PV System Key Components

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  • Kilowatt-hour (kWh) is the billing unit -

100 watt light bulbs on for 10 hours = 1 kWh

  • Cambridge and Somerville residents pay

about 22 cents per kWh

  • A $100 average monthly bill is about

500kWh per month or 6,000 kWh per year With inflation*, a $100 monthly bill is about $34,000 over 20 years!

*Assumes 3.5% annual inflation

Uti tilit ity Bill ill 101

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Example 1: Example 2:

What to Look for in in Your Condo Doc

Zapotec Energy, Inc.

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The Master Deed may give specific roof rights to one unit owner:

What to Look for in in Your Condo Doc

Zapotec Energy, Inc.

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Energy Center

Zapotec Energy, Inc.

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500 1000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

kWh

Solar Production = Usage 200 400 600

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

kWh

Solar Production < Usage 500 1000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

kWh

Solar Production > Usage

Zapotec Energy, Inc.

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  • Net Metering: When your PV system produces

excess kWh, the utility compensates you with monetized credit that roll over onto your next bill. These credits can be transferred to other accounts in the same utility load zone.

  • Complete Schedule Z form to transfer net metering

credits with

  • Tenants or condo owners
  • Family or friends in the same Eversource territory

Net Metering wit ith Schedule le Z

Zapotec Energy, Inc.

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NEMA Load Zone

Zapotec Energy, Inc.

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Click here for a complete Schedule Z

Net Metering wit ith Schedule le Z

Zapotec Energy, Inc.

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Net Metering wit ith Schedule le Z

Click here for a complete Schedule Z Zapotec Energy, Inc.

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Does the landlord live in

  • ne of the units?

Is there a common meter in the building?

Case #1 Case #3 Case #2

NO YES NO YES

Mult lti-Family Flo low Chart

Zapotec Energy, Inc.

Click on a case to link to it directly

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Are all trustees interested in owning the PV system?

NO YES YES

Is more than one trustee interested in

  • wning the PV system?

Do you want to install a shared system?*

YES NO

Case #6 Case #7 Case #4 Case #5 * See Case #6 to learn more about

the benefits of a shared system

Condominiu ium Flo low Chart

Zapotec Energy, Inc.

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Click on a case to link to it directly

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CASE #1: LANDLORD’S UNIT CONNECTION

  • Interconnect the solar PV system to the Landlord’s unit

meter

  • If there is excess generation, complete a Schedule Z form

with other unit dwellers, or family/friends in the same Eversource territory to be able to transfer net metering credits

  • System owner files with the IRS for the Federal Investment

Tax Credit (ITC)

  • System owner collects SRECs, receive state tax credit
  • Financing Options: Mass Solar Loan, Cash Purchase, Lease,

PPA

Return to flow chart Zapotec Energy, Inc.

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CASE #2: : COMMON METER CONNECTION

  • Interconnect the solar PV system to the common meter
  • If there is excess generation, complete a Schedule Z form with
  • ther unit dwellers, or family/friends in the same Eversource

territory to be able to transfer net metering credits

  • Adjust agreements with tenants to allow for raise in rent (or a

separate compensation agreement), quantifying the savings from solar

  • System owner files with the IRS for the Federal Investment

Tax Credit (ITC)

  • System owner collects SRECs, receive state tax credit
  • Financing Options: Mass Solar Loan, Cash Purchase, Lease,

PPA

Return to flow chart Zapotec Energy, Inc.

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  • Contact Eversource to install a new net meter for the PV

system

  • Interconnect the solar PV system to the new meter
  • If there is excess generation, complete a Schedule Z form

with other unit dwellers, or family/friends in the same Eversource territory to be able to transfer net metering credits

  • Adjust agreements with tenants to allow for raise in rent (or a

separate compensation agreement), quantifying the savings from solar

  • System owner files with the IRS for the Federal Investment

Tax Credit (ITC)

  • System owner collects SRECs, receive state tax credit
  • Financing Options: Mass Solar Loan, Cash Purchase, Lease,

PPA

Return to flow chart

CASE #3: : NEW METER IN INSTALLATION

Zapotec Energy, Inc.

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  • Install a single PV system to benefit the condo association
  • Clarify roof rights in condo documents
  • Interconnect the PV system to the condo’s common meter
  • r install a new net meter if there is not already a common

meter

  • Net meter any excess production using Schedule Z
  • SREC revenue will be collected by the condo association
  • Consult tax professionals for dividing Federal Investment Tax

Credit (30%) and State Tax Credit ($1,000)

  • Financing Options: Cash Purchase, Lease/PPA, Mass Solar

Loan

Return to flow chart

CASE #4: : ASSOCIATION OWNED

Zapotec Energy, Inc.

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CASE #5: : SIN INGLE UNIT IT, SIN INGLE SYSTEM OWNER

  • Install a single PV system to benefit one unit owner in a

condo

  • Clarify roof rights in condo documents
  • Interconnect at the PV system owner’s unit meter
  • Transfer excess net metering credit to anyone in utility load

zone

  • System owner collects SRECs, receives federal and state tax

credit

  • Financing Options: Mass Solar Loan, Cash Purchase, Lease,

PPA

Return to flow chart Zapotec Energy, Inc.

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CASE #6: : SHARED SYSTEM OWNERSHIP IP

  • Install a single PV system to benefit participating unit
  • wners within the condo
  • Clarify roof rights in condo documents
  • Apply and install a new net meter through Eversource
  • Interconnect the solar PV system to the new meter
  • Distribute excess net metering credits amongst

participating unit owners

  • Consult tax professionals for division of the ITC, SRECs, and

State Rebate

  • Financing Options: Mass Solar Loan, Cash Purchase, Lease,

PPA

Return to flow chart Zapotec Energy, Inc.

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  • Install multiple PV systems to be separately owned by

participating unit owners

  • Clarify roof rights in condo documents
  • Install one solar PV system for each participating unit
  • wner, each interconnected to the respective unit meter
  • Choose an account to receive retail net metering credit

rate

  • Participating system owners separately collect SRECs and

file for Federal and State tax credits

  • Financing Options: Mass Solar Loan, Cash Purchase, Lease,

PPA

Return to flow chart

CASE #7: : SEPARATE SYSTEM OWNERSHIP

Zapotec Energy, Inc.

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Example of Case #7

  • A two-member HOA
  • Mutual agreement for installation
  • No common meter, two unit net

meters

  • Installed two separate PV systems
  • Plan to amend condominium

documents

Sola lar PV In Install llations – Cushin ing Str treet

Zapotec Energy, Inc.

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  • Projects in any Massachusetts utility territory (IOU
  • r MLP) are eligible. Projects can be new

installations for additions to existing systems.

  • Homeowner eligibility includes owners of the

following types of residential property:

  • Single-family homes
  • Individual condominiums and townhomes, with the

homeowner association’s written approval

  • Owner-occupants of residences with up to three units.

Are You Elig ligible le for th the Mass Sola lar Loan?

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  • Minimum requirements to qualify for a Community Shared Solar

(CSS) project include, but are not limited to, the following:

  • Participants must demonstrate a direct ownership stake in a solar project

as net metering off-taker of 25 kW or less

  • Participants must demonstrate a direct ownership stake in solar project

through an LLC, cooperative, condo association, or other collaboration subject to MassCEC approval

  • Project must meet Mass Solar Loan program technical eligibility criteria
  • For projects larger than 100 kW DC, the definition of Community Shared

Solar Generation Unit as contained in the RPS Class I regulation shall determine eligibility as a CSS project under the Program.

  • For projects sized 100 kW DC or less, all participants must receive net

metering credits or electricity from the project in shares of 25 kW DC or less

  • Participating lender must be qualified under the Mass Solar Loan

Program

  • The project CSS participant need not be a homeowner, but must meet

requirements in Program Manual and Lender underwriting criteria

Mass Sola lar Loan and CSS Proje jects

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Questions?

Contact our Multi-Family Solar Advisors:

Abby Barnicle, Office Operations Manager Zapotec Energy, Inc. Email: barnicle@zapotecenergy.com Tel: (617) 547-5900 ext. 200 Aaron King, E.I.T., Solar Design Engineer Zapotec Energy, Inc. Email: king@zapotecenergy.com Tel: (617) 547-5900 ext. 204

Zapotec Energy, Inc.

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Mass Solar Loan

Presented by: Albert Pinho, Vice President of Lending

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What is the Mass Solar Loan?

 Initiative in partnership with the Massachusetts

Department of Energy Resource and the Massachusetts Clean Energy Center (MassCEC).

 Low interest loan to finance the purchase and

installation of eligible solar panel projects.

 Terms up to 20 years  Borrow $5,000 to $60,000  Rates as low as 1.00% APR*. Rate dependent on credit

worthiness, term and loan amount.

 Up to 12 months of interest-only payments during

installation, followed by regular monthly payments after system is fully operational.

 Borrowers with low or medium household income may

qualify for direct up-front payments of up to 30% of the cost of the solar panel system. *APR=Annual Percentage Rate

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Type of Loan

 The Solar Loan may be unsecured, secured by a UCC1

lien on the solar panel system, or secured by a junior mortgage on the home.

 The type of collateral and interest rate will be

determined by the loan amount, the term of the loan (how many years to repay) and by the credit score of the borrowers.

 Generally, loans will be unsecured, or secured by a

UCC1 lien, if:

 Borrowers have excellent credit (scores of 720 or better)  Loan is short term (10 years or less) and  Loan is for moderate amount (less than $35,000).

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Eligibility

 Solar panel systems to be purchased by the

homeowner/resident are eligible.

 Financing available on primary residences or vacation

homes in Massachusetts only.

 Solar panel systems must be connected to the

electricity distribution grid.

 Solar panel systems may not have previously received

incentives from the Massachusetts Clean Energy Center.

 Borrowers must be eligible for and establish

membership at Naveo.

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Steps to Apply

 Receive a price quote from a pre-qualified Mass Solar

Loan installer.

 Select an installer and sign a solar installation contract.  Work with your installer to complete the Mass Solar

Loan technical application.

 Provide your tax information online (if you are applying

for income-based subsidy).

 Apply with Naveo Credit Union and provide us with the

technical confirmation ID# once received.

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Loan Disbursement

When your loan closes, Naveo advances 35% of the loan to cover initial construction costs.

Until the system is fully operational, you make interest-

  • nly payments monthly.

After your solar system is connected by your utility, your installer files your project completion documents with MassCEC.

When the project receives a completion approval from MassCEC, we will call you to come in and complete additional loan documents.

Naveo disburses the final 65% of your loan to you and your installer.

Your regular monthly payments of principal and interest will start approx. 30 days after loan closing.

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Applying at Naveo

 Apply for a Solar Loan online at naveo.org/solar

 You can apply for pre-approval before you receive your

Technical Confirmation ID#.

 Apply via phone by calling: 617-702-5101 with Elizabeth

Cabral

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Questions?

Elizabeth Cabral 617-702-5101 ECabral@Naveo.org Albert Pinho 617-702-5113 APinho@Naveo.org www.naveo.org/solar

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Get Started Today! www.SunnyCambridge.org www.somervillema.gov/solarize

Zapotec Energy

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