We I nne r Co nne c t Yo u With Yo ur Co mmunity Who We Are : - - PowerPoint PPT Presentation

“We I nne r Co nne c t Yo u With Yo ur Co mmunity”

Who We Are :

 At I

nne r-So l, I nc . we c a re a b o ut the E nviro nme nt, the E a rth a nd its pe o ple . Our missio n is to pro vide e ffic ie nt so la r e ne rg y a nd re duc e e nviro nme nta l impa c ts b y imple me nting re ne wa b le e ne rg y.

 We a re mo tiva te d b y the ide a tha t we c a n, thro ug h

the se pro je c ts, he lp the wo rld b e c o me a b e tte r pla c e .

 We find inspira tio n fro m the pe o ple we wo rk with

turning the ir visio ns into a nswe rs fo r the ir c o mmunity.

Wha t We Do :

We b uild c o mmunity pa rtne rships Re duc e Ca rb o n e missio ns Ge ne ra te ne w jo b s E

na b le a nyo ne fro m a nywhe re to pa rtic ipa te in the sa me g o a l

Wha t a re Ca rb o n E missio ns

 T

• ta l E

missio ns in 2016 = 6,511 Millio n Me tric T

• ns o f CO 2 e q uiva le nt.

 https:/ / www.e pa .g o v/ g hg e missio ns/ o ve rvie w-g re e nho use -g a se s

Glo b a l Wa rming is no t g o ing a wa y! Yo ur pa rtic ipa tio n e ve n in the slig hte st wa y do e s ma ke a diffe re nc e

Ho w Did We Ge t He re ?

 I

nne r So l sta rte d o ut b uilding ro o f to p syste ms o n ho te ls

 I

nn a t Sc o fie ld Ba rra c ks Oa hu, Hi

 St Re g is Aspe n, CO  Pa stry Sma rt Sa n Ma te o , CA  Hya tt Gra nd Aspe n, CO

No w we a re b uilding c o mmunity so la r g rids a s suppo rt to e xisting po we r g rids. I n o rde r to c o mply with F e de ra l a nd Sta te re g ula tio n we de sig n syste ms tha t a re 5 me g a wa tts to 25 me g a wa tts whic h will se rvic e 100’ s o f ho me s a t a o ne time .

Co nsulting Pro c e ss

 Our

pur pose is to he lp our c lie nt make e duc ate d c hoic e s

 Wha t is the b e st e ntity fo r my c o mmunity’ s ne e ds?  Wha t will b e the b e st lo c a tio n fo r the pro je c t?  Wha t e ng ine e re d a nd de sig ne d g rid will b e the mo st suita b le ?  Ho w will this de sig n impa c t the e nviro nme nt a nd g rid?  Wha t will b e the c o st a nd the (ROI

) re turn o n inve stme nt b e ?

 Ho w will we g e t this pro je c t funde d?  Ho w will we se ll my po we r to the c o mmunity?

Re c o mme nda tio n

 Sta rt b y re a ding the US De par

tme nt of E ne r gy Guide T

• Community Solar

www.inne rso linc .c o m/ E

E RE Guide Bo o k

 Disc uss this with Us a nd yo ur a c c o unting a nd le g a l

a dviso rs c o nc e rning yo ur o ptio ns.

 K

no w tha t ma ny o f the ta x inc e ntive s re q uire c o nstruc tio n to b e sta rte d b e fo re 12-31-2019.

 Unde rsta nd wha t yo ur pa rt is in this pro c e ss.  K

no w tha t yo u will ne e d 25% o f the pro je c t c o st to g e t this sta rte d.

Cho o sing a nd E ntity T ype

 Will yo u b e a F

• r Pro fit o r a No n Pro fit E

ntity?

 Wha t is the po pula tio n size yo u a re trying to a ssist a nd

wha t is the fina nc ia l ne e d o f the c o mmunity?

 Will yo u le a se this pro pe rty o r ma na g e it yo ur se lf?  Will yo u ha ve a pa rtne rship a nd ho w do yo u g e t the

inc e ntive b e ne fits?

 Ho w will the Ne t Me te ring b e b ille d to the pub lic ?  Ho w lo ng do e s it ta ke to re c a pture the inve stme nt?

Pa ying b a c k the I nve sto rs

 I

f yo u c ho se to se lf fina nc e yo ur pro je c t, yo u will ne e d to ha ve e no ug h c o mmunity inve sto rs o r RE C’ s so ld to utilize the ta x b e ne fit g ive n the pa ssive lo ss limita tio n rule s.

 A flip struc ture is b e ne fic ia l to a n inve sto r who ne e ds the ta x

inc e ntive s to re duc e the ir ta x lia b ility. Onc e the y ha ve re c o ve re d the ir inve stme nt a lo ng with a pre -de te rmine d ROI the pro je c t flips b a c k o ve r to yo u. T his is o ve r a time pe rio d o f no t le ss tha n 5 ye a rs.

 I

n the sa le / le a se b a c k sc e na rio yo u wo uld se ll the pro je c t to the inve sto rs a nd the n le a se it b a c k. T his puts yo u in full c o ntro l o f the

• pe ra tio ns a nd ma inte na nc e b ut the re ve nue a nd ta x c re dits

b e lo ng s to the inve sto rs. Yo u will ha ve the o ptio n to b uy it b a c k a t a future da te fo r fa ir ma rke t va lue .

Purc ha sing the L a nd

 L

a nd fo r So la r F ie lds c o me in ma ny sha pe s a nd size s a nd do n’ t ha ve to b e re a lly e xpe nsive .

 F

• r e ve ry 1(MW) me g a wa tt o f e ne rg y yo u will ne e d 2 a c re s o f

la nd so to wo rk with Us yo u ne e d a minimum o f 10 a c re s.

 T

his la nd will ne e d a c c e ss to the pre se nt g rid thro ug h a tra nsfo rme r, so c he c k to se e if the re is a c o nne c tio n ne a rb y?

 T

he a ve ra g e c o st o f this la nd is $800 to $2500 pe r a c re de pe nding o n yo ur sta te .

 F

• r a 5 to a 25 MW syste m yo u wo uld b e lo o king a t a $8,000

to $62,500 la nd c o st, de pe nding o n yo ur sta te lo c a tio n

Asking fo r a Utility Co nne c tio n

 Re q uire s a Po we r Purc ha se Ag re e me nt (PPA)  T

his is whe re yo u se ll yo ur po we r to the who le sa le utility c o mpa ny a t a n a g re e d upo n ra te o ve r a pe rio d o f ye a rs.

 T

his a g re e me nt he lps se c ure yo ur funding to pa y b a c k the inve sto rs a nd is use d a s c o lla te ra l.

 I

nc lude d in this a g re e me nt will b e the ma inte na nc e o f the syste m sta ting who will b e re spo nsib le a nd fo r ho w lo ng .

 Whe the r yo u se ll yo ur syste m o r le a se it, this will de pic t ho w yo ur se ll

the re ne wa b le e ne rg y c re dits (RE Cs) to the pub lic .

 An I

nte r Co nne c tio n Ag re e me nt must a lso b e a g re e d to with the utility c o mpa ny.

Se lling T he RE C Cre dits

 T

• a pply fo r g ra nts yo u will ne e d to va lida te so me pre so ld RE

C c re dits.

 A RE

C Cre dit is so ld o n a pe r MW ho ur b a sis, this is the e le c tric ity so ld to the utility c o mpa ny whic h in turn re duc e s the CO2 c a rb o n pro duc e d b y a lte rna te e ne rg y pro duc ing o ptio ns like c o a l.

 T

he se c re dits a re tra c ke d using a Ne t Me te ring pro c e ss. I t tra c ks the kilo wa tt ho urs so a c usto me r c a n purc ha se in a dva nc e to the se kilo wa tts to b e use d a t a g ive n pe rio d o f hig he r usa g e .

 So me utility c o mpa nie s will purc ha se a ll o f the c re dits fo r

the mse lve s.

Ge tting a 3rd Pa rty F e a sib ility Study

 T

his study de te rmine s the pro je c t de ve lo pme nt, c o nstruc tio n,

• pe ra tio ns a nd ma inte na nc e a nd the fina l de c o mmissio ning .

 I

t will dire c t the e ng ine e rs a nd de sig ne rs ho w to mo st e ffic ie ntly use the la nd a nd g ive pro je c tio ns o f the pro je c ts c o st a nd re ve nue s.

 Be fo re this c a n b e do ne the o wne rship, e ntity mo de l a nd la nd must

b e c ho se n.

 A c e rtifie d so la r insta lle r with a NABCE

P lic e nse will ne e d to o ffe r a de sig n a nd the inte rc o nne c tio n a g re e me nt with the utility c o mpa ny must b e in pla c e , the n yo u c a n g e t this sta rte d.

 Onc e this study is c o mple te d yo u c a n pro c e e d to re q ue sting

funding b y g ra nts o r ta x e q uity inve sto rs

F ina nc ing the Pro je c t

 T

he mo st a ttra c tive c re dit is the Busine ss E ne rg y - I nve stme nt T a x Cre dit (I T C) fo r 2018 a nd 2019 it o ffe rs a 30% c re dit o f the q ua lifie d insta lla tio n c o st. I n future ye a rs it dro ps to 26% 2020, 22% in 2021 a nd a pe rma ne nt 10% in 2023

 Mo difie d Ac c e le ra te d Co st Re c o ve ry Syste m (MACRS) pro vide s

e ithe r a 100% a sse t de pre c ia tio n o r a n 85% if c o mb ine d with the I T C c re dit

 F

e de ra l Gra nts a re still a va ila b le unde r the USDA RE AP pro g ra m a nd a fe w o the r sma lle r o ppo rtunitie s

 Sta te a nd L

• c a l c o nside ra tio n va ry b y sta te b ut inc lude : inc o me ta x

c re dits, sa le s a nd use ta x a s we ll a s pro pe rty ta x b e ne fits.

 I

f the ta x c re dits a re no t o f use ful to yo u, se ll the m to T a x E q uity I nve sto rs who will purc ha se the rig ht to use the ta x re duc tio ns. T his re q uire s SE C c o mplia nc e .

“ ”

Mo st impo rta ntly the se so la r fie lds g ive b a c k to the c o mmunity a nd re duc e e missio ns pro viding a sa fe r pla c e fo r e ve ryo ne .

Go Gre e n

We a re ha ppy to ta lk with yo ur a b o ut yo ur ne w so la r fie ld so , L

e ts Ge t Star te d!!

I nne r So l I nc Ste ve He rre ra – CE O ste ve @ inne rso linc .c o m

888-995-8545 www.I nne rSo lI nc .c o m

Call US today… the de a dline s a re q uic kly fa ding a wa y.