shared solar for low to moderate income
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Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
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Community Shared Solar Strategies for Inclusion
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Joy Hughes, Solar Gardens Institute joy@solargardens.org
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
• Community Garden Metaphor - “Like a community garden, except you get a patch of panels instead of a patch of vegetables.”
!• Subscription model - Anyone can participate - multi-unit, renters, affordable
housing, shaded locations, and historic districts. !• Off-Site Subscribers can be located anywhere in utility service territory.
• Distributed Generation – Small to mid-size system connects to local power lines or substation.
• Virtual Net Metering – Credit directly on the subscribers bill for subscriber’s portion of the array.
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Community Shared Solar A “Solar Garden”
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Solar Gardens Cash and Energy Flow
Incentive
Subscriber
Utility
Solar Garden
Credit on Bill
Panel PurchaseMoney
Energy
EnergyEn
ergy
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Size and LocationSmall: Vermont!
2 Subscribers (Ben and Jerry) on Ben’s Guest House
Large: San Francisco!Valencia Gardens HUD Housing
260 Units
Host SitesRooftop!
Schools, Apartment Buildings, Warehouses, Storage Units
Ground-Mount!Brownfields, Water Treatment Plants, Airports, Parking Lots
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Solar Gardens Institute
solargardens.org
Mission: !• To educate and learn from the public about community solar
energy. !
• To promote community solar energy policy at the federal level and in each state !
• To assist local organizations in organizing, developing, and managing community-owned solar energy projects everywhere. !
• To make affordable solar energy available for all humanity !
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Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
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Solar Gardeners
!Every project has a champion !Both community organizer and project manager !Steep learning curve - how do we accelerate this process?
Ellensburg Community Renewables Park
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
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National Community Solar Partnership
!!68 Partners and growing - states, utilities, developers, nonprofits, banks, universities !Focus on LMI - over $500 million in commitments
White House, DOE SunShot, USDA, HUD, EPA
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Clarifying Questions!!
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(5 minutes)
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Investment Tax Credit Expiration• Disclaimer: I am not a lawyer! !• Federal tax credit 30% -> 10% end 2016
!• IRS notice 2013-70 - subscribers may claim tax
credit for offsite solar !• Case Study:
Kehila Synagogue, CA Nonprofit finance (Re-Volv) Nonprofit install (SunWork) Energy Savings
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Securities Law!!!
The “Howey Test” 1. investment of money due to 2. an expectation of profits arising from 3. a common enterprise 4. which depends solely on the efforts of a promoter or third
party !
Strategies!• Utility, nonprofit and cooperative exemptions !• Direct public offerings (DPOs) !• JOBS Act !• Municipal Bonds !!!
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Concerns for Low-Moderate Income and People of Color• Under-representation in solar market
!• Renting - split incentive
!• Credit rating system
!• History of Exploitation - Environmental Justice
!• Affordability !
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
• Renting - split incentive- Solar Gardens for renters!
!• Under-representation in solar market
- Extra share of Solar Gardens!!• Credit rating system
- “Energy Rating” + loan guarantees!!• History of Exploitation - Environmental Justice
- Energy Democracy + local leader involvement!!• Affordability
- 10-20% or more savings needed for subscriber!!
Solutions for Low-Moderate Income and People of Color
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Cooperatives
• Solution to Securities, Tax issues (Case Study: Co-op Power, MA)
!• LMI Solution - member to member micro-loans !• “Energy Democracy” !!!
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Nonprofits
• Grid Alternatives - Large donations and grants provide free power for affordable housing using volunteer labor (Case Study: Grand Valley Power Solar Garden, CO - 8 Households)
!• Re-Volv - Revolving loan fund seeded with crowdfunding (CA) !• Solstice Initiative - Subscriber marketing (MA)
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Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Direct Public Offerings (For-Profit)
• Up to $5 million securities offering within a single state !• Cutting-Edge Capital provides technical assistance !• Case Study - SunSpeed Electric Vehicle Charging (CA) !• Case Study - Solar Mosaic “Old” model (2012-2013)
1500 investors in community projects, $2.3 million !
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Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Open Standards / Open Source: A Growing Movement
Open Solar Outdoor
Test Field
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
Benefits of Open Standards For Shared Renewables
• Lower cost to subscribers !
• Lower barriers to entry for developers !• Less work for utilities and billing software providers !• Opens door to community initiated projects !• Makes smaller projects possible
Joy Hughes - NY Shared Solar Strategies for Inclusion (Solar One 4 Dec 2015)
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Thank you! !
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Joy Hughes, Solar Gardens Institute joy@solargardens.org
719-207-3097 !
Visit solargardens.org and join the mailing list
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