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General Land Office Border Solar Workshop
Harlingen TexasJune 2 2009
Facilitated by Chris WinlandGood Company Associates
cwinlandgoodcompanyassociatescom
Agenda Introductions
Review of Workshop Goals
Overview of Barriers to and Examples of Solar Projects
Tour of San Benito Water Purification Plant Solar Installation (1100)
Lunch (Noon)
Discussion
Wrap Up and Closing
Introductions
Chris Winland Consultant and Project Manager at Good Company
Associates Renewable energy and energy efficiency policy and project
development Clients include solar geothermal biomass algae wind
energy storage energy management and energy efficiency companies as well as state and local governments
Former consultant and project manager at IBM Global Services and MTG Management Consultants
Former Chief of Staff for Texas State Representative Mark Strama
Workshop Goals
Share information about municipal solar projects Discuss barriers and existing projects
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border The San Benito plant is currently the only one
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Major Barriers
Financial Technological Physical (Infrastructure) Policy Leadership Uncertainty Risk Aversion Other
Sample Projects
San Benito Boulder CA Austin TX San Antonio TX Houston TX Berkeley CA Palm Desert CA State of Connecticut Agua Prieta Sonora
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Agenda Introductions
Review of Workshop Goals
Overview of Barriers to and Examples of Solar Projects
Tour of San Benito Water Purification Plant Solar Installation (1100)
Lunch (Noon)
Discussion
Wrap Up and Closing
Introductions
Chris Winland Consultant and Project Manager at Good Company
Associates Renewable energy and energy efficiency policy and project
development Clients include solar geothermal biomass algae wind
energy storage energy management and energy efficiency companies as well as state and local governments
Former consultant and project manager at IBM Global Services and MTG Management Consultants
Former Chief of Staff for Texas State Representative Mark Strama
Workshop Goals
Share information about municipal solar projects Discuss barriers and existing projects
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border The San Benito plant is currently the only one
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Major Barriers
Financial Technological Physical (Infrastructure) Policy Leadership Uncertainty Risk Aversion Other
Sample Projects
San Benito Boulder CA Austin TX San Antonio TX Houston TX Berkeley CA Palm Desert CA State of Connecticut Agua Prieta Sonora
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Introductions
Chris Winland Consultant and Project Manager at Good Company
Associates Renewable energy and energy efficiency policy and project
development Clients include solar geothermal biomass algae wind
energy storage energy management and energy efficiency companies as well as state and local governments
Former consultant and project manager at IBM Global Services and MTG Management Consultants
Former Chief of Staff for Texas State Representative Mark Strama
Workshop Goals
Share information about municipal solar projects Discuss barriers and existing projects
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border The San Benito plant is currently the only one
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Major Barriers
Financial Technological Physical (Infrastructure) Policy Leadership Uncertainty Risk Aversion Other
Sample Projects
San Benito Boulder CA Austin TX San Antonio TX Houston TX Berkeley CA Palm Desert CA State of Connecticut Agua Prieta Sonora
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Workshop Goals
Share information about municipal solar projects Discuss barriers and existing projects
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border The San Benito plant is currently the only one
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Major Barriers
Financial Technological Physical (Infrastructure) Policy Leadership Uncertainty Risk Aversion Other
Sample Projects
San Benito Boulder CA Austin TX San Antonio TX Houston TX Berkeley CA Palm Desert CA State of Connecticut Agua Prieta Sonora
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Major Barriers
Financial Technological Physical (Infrastructure) Policy Leadership Uncertainty Risk Aversion Other
Sample Projects
San Benito Boulder CA Austin TX San Antonio TX Houston TX Berkeley CA Palm Desert CA State of Connecticut Agua Prieta Sonora
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Sample Projects
San Benito Boulder CA Austin TX San Antonio TX Houston TX Berkeley CA Palm Desert CA State of Connecticut Agua Prieta Sonora
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Common Financing Options
Power Purchase Agreement (PPA) Direct PurchaseOwnOperate System
Grants Bonds Incentives Partnerships Government Supported Private Projects
Solar Leasing Property Tax Financing
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Additional Financing Options Kyoto Protocol Clean Development Mechanism (CDM)
and Carbon Credits httpcd4cdmorgindexhtm httpcdmunfcccintindexhtml
North American Development Bank (NADB) httpwwwnadborg ELIGIBLE ENVIRONMENTAL Priority SECTORS Water
supplyconservation Wastewater treatment Municipal solid waste
Expanded Mandate Sectors Include Air quality improvement Clean amp renewable energy and Efficiency
UNDP Global Environment Facility (GEF) Grants httpwwwundporggef
Energy Efficiency Trust (FIDE) httpwwwfideorgmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Discussion
Identify the missing links in developing more solar projects (scale 45kW-1MW) tied to public infrastructure along the Border
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Discussion
Discuss methods to encourage the North American Development Bank to incorporate solar project financing into their 15-20 year financing plans for new public infrastructure projects
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Appendices
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Market Overviews
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Texas ERCOT Market Overview
Ultimate customers served 22 million
Area served 85 of Texas load 75 of Texas land
Generating units 566 High-voltage transmission
monitored 40327 miles Installed capacity 81267
megawatts (MW) 2008 peak demand 62174 MW
(August 4 2008) Wind generation 8000 MW -- most
in nation
ENERGY PRODUCED 2008
Wind5
WaterOther 2
Natural Gas43
Nuclear13
Coal37
Source ERCOT 2009
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Business Case for Solar in Texas 30 Federal Investment Tax Credit
State Legislative Support Renewable Portfolio Standard HB 1937 Property Tax Assessment Local Option
Financing Opportunities Direct PurchaseOwnOperate System
Grants Bonds Incentives Power Purchase Agreement (PPA) Partnerships Government Supported Private Projects
Solar Lease System Property Tax Assessment for Residential
Otherhellip
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Mexico Power Generation with Renewable Energy
In 2006 Mexico had a little over 12000 MW of installed capacity based on renewable energy 11545 MW dedicated to public service (CFE and LFC) 504 MW installed under cogeneration and self-support schemes 18 MW in isolated systems
Hydro880
Wind002
Biomass384 Photovoltaic
015
Geothermal80Self-Supply
4
Public Service
96
Source Slide courtesy of Francisco Barnes CRE Presentation at Border Energy Forum in 2006
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Mexicorsquos Power Industry Investment Framework The Power Sector Law was amended in 1992 to allow private
participation through six types of legal arrangements only
Self-supply Cogeneration Independent power production (IPP) Exports Imports for self-consumption Small-scale production
The remaining activities are reserved exclusively for CFE and LFC
Primary Obstacle Grid Interconnection of projects not owned by CFECRE
Source SENER Aldo Flores Quirog Assistant Secretary of International Affairs Ministry of Energy MexicoOctober 18 2007 Border Energy Forum Presentation
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Common Financing Options
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Direct PurchaseThe public entity purchases installs owns and operates a PV system
directly Grant Opportunities
Texas SECO Competitive Grants $10M for Renewables Apply for 1 MW project funds with a 50 match from City
DOE Funding thru Solar America Cities EPA Also CityFIRST Model for private sector projectsndash Stimulus Funding
May be Available Clean Renewable Energy Bonds (CREBs)
Private Sector Bond Purchaser receives a Tax Credit in lieu of interest payments from the government agency
Standard Bonds or Reserve Funds Other
Additional Consideration Renewable Energy Production Incentive (REPI)
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Direct Purchase Case StudyTour San Benito Water Purification Plant ndash Solar Installation
Sources City of San Benito and GLO Press Release Oct 3 2008
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Direct Purchase Case StudyTour San Benito
US Environmental Protection Agency created grant for Solar Energy System to be awarded amp administered by Texas General Land Office
San Benito applied for grant and was awarded $35000000 Construction - $325000 Educational Component - $25000
San Benito awarded construction to WorldWater amp Solar Technologies Corp Ribbon Cutting Ceremony held October 3 2008 North American Development Bank will track project Web monitoring Fatspanielcom Manufacturer Sharp Solar Model ND-208UI 224 modules Capacity 45 kW (generates about 10 of power needed to filter up to 6 million gallons of
water daily) 25 year warranty (life potential 40 years) Upfront Estimated Production and savings
Average 70000 kWh per year Estimated Annual Savings 70000kWh x $010kWh = $7000
Sources City of San Benito and GLO Press Release Oct 3 2008
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Power Purchase Agreements
Source Jason Coughlin NREL
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Benefits of a PPA Eliminates upfront capital cost Allows Public Entity to benefit from tax incentives
500 kW system costing approx $35-$4M =gt 55 Federal Tax Benefits (combined 30 ITC and MACRS)
Locks in Long Term predictable electricity prices Transfers O+M to 3rd Party Provides a possible path to ownership with various options
termination options
Additional Considerations Net Metering Interconnection EasementLease
Source Jason Coughlin NREL
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Key Elements of a PPA
Source Jason Coughlin NREL
Note Environmental Attributes (eg RECs) typically remain with the system owner
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Economics of a PPA -Installed Cost of PV System +Tax Benefits +RebatesGrantsOther Incentives +RECs or Carbon Credits -Cost of Capital +Projected kWh Production
Cost of kWh in year one of PPA + Annual Escalator or Fixed price (higher in year one)
End of Term Options Buyout Extend PPA or Remove System
Source Jason Coughlin NREL
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
PPA Process
Source Jason Coughlin NREL
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
PPA Case Study Boulder County PPA Process
Site InventoryAssessment Roof Space Condition Orientation Historic Demand
Sort by Availability of Incentives (by Utility) Analyzed Options including
CREBs Direct Purchase PPA SaleLeaseback
Boulder Countyrsquos PPA 62125 kW of PV on 7 Buildings under the PPA
Additional 100 kW funded directly by County (small systems would have increased rate) 3 buildings are projected to be 100 solar-powered Meets 10 of Electric Demand Supported by Xcel Utility Rebate of $350W Parameters
Fixed Cost per kWh (~2centkWh less than utility rate) for 7 years (then renegotiate) Conservatively estimate $822K in Savings based on historical rate increase of 5 Set aside reserve funds for possible buyout in year 7 (~$15M)
Part of Larger Boulder County Sustainability Plan including Energy EfficiencyGreen Building LEED Gold Standards applied to new construction and existing buildings Wind Energy Purchase (50 of Demand) Biomass Solar
Property Tax Financing for Residential PV Systems and Efficiency Measures Plug-in Hybrids
Considering additional 130 kW distributed among two sites
Source Ann Livingston Boulder County (Colorado) Sustainability Coordinator
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
PPA RFP Case Study Austin Energy
Austin Energy 30 MW Solar PPA RFP Closed October 2008
15 responses were received Status currently in contract negotiations with the selected
developer Gemini Purchasing Manager Rosemary LeDesma
rosemaryledesmaaustinenergycom (512) 322-6155
Note Sample RFP available
Source City of Austin Austin Energy
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
PPA RFP Case Study CPS Energy - San Antonio
CPS Energy ndash San Antonio Solar PPA up to 100MW RFP closed October 2008 24 respondents with 36 project proposals Status currently reviewing proposals
Note Sample RFP available
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
PPA RFP Case Study Houston RFP for 10 MW Solar
Location Current Houston RFP Type Decommissioned Landfill Technology Solar PV Closed November 2008 Capacity 10 MW Financing Method
PPA City of Houston will buy all power and RECs for 20 years
Structure Design Build and Operate
Note Sample RFP available
Source City of Houston
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Partnership Case StudySan Antonio Tessman Road Landfill Solar Demonstration Project
Online March 2009 Technology Uni-solar flexible strips on
geomembrane landfill cover Partnership between Municipal Utility CPS
Energy and Landfill co Republic Services in conjunction with existing biogas-to-energy operation CPS assisted with upfront costs and
interconnection to distribution grid of the solar demonstration
Republic Services owns and operates the solar project and utilizes the power on-site
Biogas-to-energy project serves Austin Energy Projected combined Biogas and Solar capacity
9MW - enough to power 5500 area homes Solar ~10-100kW
Source httpwwwreuterscomarticlepressReleaseidUS131170+02-Apr-2009+PRN20090402 CPS Energy Public Information Office wwwgeosyntheticanet and httpwwwrepublicservicescomindexasp
Source Republic Services
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Residential Solar Lease Program Case Study CT Solar Lease Offered by CT Solar Leasing LLC in partnership with AFC First
Financing Corporation and the Connecticut Clean Energy Fund No Down Payment required Moderate Income Restriction 200 or less than median income Fixed Monthly Cost over 15-year Term Works with CT Clean Energy Fund Residential Solar Rebate
$4W for the first 5kW $25W for the next 5kW Sales and Property Tax Exempt
Solar Dividends ndash A portion of the sale of RECs can be reserved for future system operating costs
End of Term options 5-yr extension at reduced rate Buyout at current value Pay for removalreturn to
CT Solar Leasing
Source httpwwwctsolarleasecom
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Property Tax Assessment for Residential SolarA municipality funds the installation of residential solar PV through bond debt
which is recovered over ~20 yrs through a special property tax assessment on only participating properties GHG Emissions Management is the primary objective behind most of these programs
Examples BerkeleyFIRST (CityFIRST) CA ndash Bond Sale to Private Financial
Institution Renewable Funding httpwwwrenewfundcom
Authority under AB811 the State of Californiarsquos Clean Energy Municipal Financing Law or Mello-Roos
Boulder County ClimateSmart Loan Program CO ndash Local Sale of Bonds Palm Desert CA - City Reserve Funds
httpwwwcityofpalmdesertorgIndexaspxpage=484
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST Location Berkeley CA Purpose To help residential property owners reduce their environmental impact
and likely save money by providing full financing for residential PV One of many Berkeley Energy Conservation Programs
1048707 Residential and Commercial Energy Conservation Ordinance 1048707 Low Income Weatherization Program 1048707 Smart Solar Program 1048707 Berkeley FIRST ndash solar financing
Authority Mello-Roos Property Tax Financing for Residential Solar PV Goals for 2020 Solar PV amp thermal to meet 11 of the GHG Reduction Goal in Climate Action
Plan Residential Installations
Now 29 MW Goal 53 MW
Commercial Installations Now 027 MW Goal 13 MW
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
When have purchased 20000 municipal bonds Renewable Funding will aggregate and re-sell
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study BerkeleyFIRST
Source Excerpted from Berkeley California Energy Program Officer Neal De Snoorsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study Boulder County ClimateSmart Loan Program
Location Boulder County Colorado Purpose To help residential and commercial property owners reduce their
environmental impact and likely save money by providing full financing for energy efficiency improvements and installation of renewable energy technologies including solar
Authority HB 08-1350 and County Ballot Measure 1A Overview
Measures Energy efficiency and renewable energy (REEE) Special assessment placed on propertymdasheasy payment via property tax statement ndash
repayment responsibility remains with the benefitted property Countywide pool of funds obtained through sale of bonds 15 year term Up to the full upfront cost of improvements is loaned Property owners opt in (no general fund allocation) Complements rebate and incentive programs Property owner workshops and contractor briefings Utility bill release
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study Boulder County ClimateSmart Loan Program
County Role Form countywide LID Refer ballot measure and
manage bond sale process Receive VCA assignments
and carry forward Program design with
municipalities Market program with
municipal and other partners
Place special assessments and collect payments
Continue to work at state and federal levels
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study Boulder County ClimateSmart Loan Program
Size of Residential Program $40 million already approved by voters through Ballot Measure 1A The County has apportioned $28 million for residential properties and $12 million for commercial
properties Round One
About 400 borrowers $66+ million May 19 and 20 bond sale
Loan Types Minimum Loan $3000 per Home
Open Loans ndash can be applied to primary or rental properties (funded by taxable bonds) 15 year Term Max Amt 20 of statutory actual value of property or $50000 whichever is less Taxable Assessment Rate 700 (est)
Income Qualified Loans ndash lower interestndash primary residences only (funded by tax exempt bonds) 15 year Term Max Amt $15000 as per federal law
Income Qualified Loans may be combined with Open Loans up to the Open Loan maximum Tax-Exempt Assessment Rate 55 (est)
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Study Boulder County ClimateSmart Loan Program
County Administrative Costs 1048707 One time ldquocost of issuancerdquo for the bonds - less than 3 of the bond amount 1048707 County costs for organizing and administering the program approximately $100k to
110k yr 1048707 General fund (tax) dollars will not support the program 1048707 Borrowers will support the program through
1048707 non-refundable $75 application fee 1048707 origination fee (1-2 of loan value) 1048707 small portion of assessment rate 1048707 reserve fund
Lessons Learned 1048707 Lack of ability to guarantee a rate (or exact amount of fees) in advance makes
borrowers uneasy 1048707 New types of programs require significant amount of contact with participants 1048707 Can impact local companies between program announcement and loan approval 1048707 Can generate interest in EE measures harder to manage than RE 1048707 Program creates a ripple effect 1048707 Local economic stimulus
Source Excerpted from Boulder County (Colorado) Sustainability Coordinator Ann Livingstonrsquos May 21 2009 AESP Presentation
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Case Studies Solar Thermal Plant Agua Prieta Sonora - Public Service
CFE Project Hybrid combined cycle (240 ndash 480 MW) and solar thermal (30 MW) plant Total Project Cost $4935 M Funded with 2006 Grant from Global Environment Facility Anticipated carbon emissions reduction estimate 391270
tons of carbon dioxide over 25-year economic life Status Update
No Small MunicipalState PV Projects along the Border in Mexico What is needed
Source GLO 2006 Border Energy Forum Presentation by Francisco Barnes CRE World Bank
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Solar Suppliers and Developers
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Technology and Capability
Manufacturers for example Sharp First Solar SunPower Kyocera UniSolar BP Solar Schott Solar SunTech GE Solar
Developers for example First Solar Texas Solar Acciona SunEdison SunPower BrightSource Abengoa Simple Solar
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Additional Resources
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Additional Resources ICLEI Local Governments for Sustainability
wwwicleiusaorg Database of State Incentives for Renewables and Efficiency
wwwdsireusaorg GLO Border Energy Forum Archives
httpwwwglostatetxusenergyborderforumindexhtml DOE Energy Efficiency and Renewable Energy State Energy Program
httpapps1eereenergygovstate_energy_programfeature_detail_infocfmstart=4fid=82print
DOE TAP Webcast ldquoThird-Party Financing and Power Purchase Agreements for Public Sector PV Projectsrdquo Blog httpeeretypepadcomtap and archive
httpapps1eereenergygovwiptap_webcasts_archivecfmmay09 Massachusetts Renewable Energy Trust Commonwealth Solar
3rd Party Finance Guidance httpwwwmasstechorgsolarthirdhtml
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
Additional Resources
Alliance to Save Energy Links to Companies in Mexicohttpwwwaseorgdirectoriomexicoindexhtm
Border Energyhttpwwwglostatetxusenergyborderenergyhtmlindexhtm
World Bankhttpwwwworldbankorg
Mexico CRE
httpwwwcregobmx
