Opportunities and Obstacles for Solar in Washington

Avi Jacobson

Senior Sustainable Energy Coordinator

• Resource• Policy• Economics• Financing–But not necessarily in

that order…

$0.12/kwhr$0.35/kwhr

WA: $0.089/kwhrOR: $0.102/kwhrCA: $0.167/kwhr

• Resource• Policy• Economics• Financing

• Current–Net Metering–Cost Recovery

Program

• Potential–Value of Solar Tariff?

Value of Solar?

• Loss savings • Energy savings • Generation capacity savings • Fuel price hedge value • T&D capacity savings • Environmental benefits

• Solar Economics in WA–Cheap Hydro–Winter Demand Peak•Morning/Night Heating

–Other Valuation Metrics Favorable

• Resource• Policy• Economics• Financing

• Resource• Policy• Economics• Financing–e.g. Why You Came

• Early Adopters: Cash/Credit Card• Current:

Cash/Card/Mortgage Re-Fi

WSHFC Assistance:• Debt Options–Tax Exempt Bonds for large Acq/Rehab–Need long amortizations w/o WA Cost Recovery

Program

• Third Party Ownership– Solar City Builder Program• WSHFC Construction Lending for Green Homes• Specific loan pool for lease pre-payments?

• Debt Options Increasing–Regionally: Banner, Umpqua, PSCCU, SnoPUD–Nationally: Admirals, Enerbank, Sungage

• Third Party Ownership–Currently restricted to NEM–Solar City Builder Program• Builder prepays lease, LCOE of $.10/kwhr

–Cost Recovery Eligibility?

• Resource• Policy• Economics• Financing

Questions?

Avi Jacobson

Senior Sustainable Energy Coordinator

avi.jacobson@wshfc.org

206-254-5359

@Avi_Jacobson

www.wshfc.org/energy