www.GreenMonadnock.org
Local Energy Solutions:
NH Community Supported Solar
November 19, 2016
SOLAR INDUSTRY CONTEXT:
 PV
accounted for largest share of new US
electric generating capacity in 2015
 Cumulative PV installed in 2010 was 2
GW; in 2015, it was 25GW (!)
 Community Solar is relatively new
 In
2014, CS was 66 of 6,201 MW installed
 Largely dominated by developers who
manage projects and retain control/profits
SOLAR OWNERSHIP OPTIONS:

Individuals and businesses can buy or lease

Community solar owned by developers and utilities




Most rely on group net metering
Non-profit using charitable fundraising
Community Group Net Metered with shared ownership and
shared electricity
Community Supported Solar: Group forms a company to own
the PV and sell electricity and eventually the system to a host
COMMUNITY SUPPORTED SOLAR IS:
A locally owned & controlled solar electric (PV)
system with multiple participants
 A local investment
 An option with lower up front cost per person
 A hedge against rising energy costs
 A clean carbon free power plant
 A component of local resiliency
 A local jobs opportunity
 A source of pride

MONADNOCK FOOD CO-OP ROOF: BEFORE
PROJECT HISTORY
Antioch University NE research: January-May 2014
 “Monadnock Community Solar initiative” Steering
Committee formed: April 2014
 Monadnock Food Co-Op agrees to host: Feb. 2015


Purchase Power Agreement with MFC: April-Oct. 2015
Investor Meeting: May 2015
 Bid Process: September-October 2015
 Installation: March-May 2016
 System Start-Up: May 25, 2016

COMMUNITY POWER
MONADNOCK FOOD CO-OP ROOF: AFTER
KEENE CO-OP TAKEAWAYS
Up to 25 investors (was 10) can own a PV
system and get a return before selling to host
 The investors need to be accredited and have
passive income
 We figured out the legal issues and offer
templates to make it affordable for others
 Investment, tax and energy dollars are
retained in the community

WHAT’S NEXT?
GET INFORMED
 The
NH Community Supported Solar
Guide offers:
 An
introduction, overview and potential planning
ideas for community solar energy projects;
 An explanation of options; and
 Guidelines on the advantages and
disadvantages of project concepts and
strategies.
POWER UP

The NH Community Supported Solar GUIDE is
for groups to:
 Get
clean power from a PV system on one property
and share the power.
 Form a new business to own the PV and supply
clean electricity, make a
return, then sell the system
to the host.
NH CSS GUIDE SUPPORT DOCUMENTS:
LLC filing template
 Power Purchase Agreement (PPA)
 Investor Spreadsheet
 Investor Memorandum & Agreement
 Project Schedule Spreadsheet
 Request for Proposal
 Engineering Procurement Contract
 Lease Agreement
 Investor Presentation
 …and Resources/Contacts to learn much more!

$0.00 REVENUE/YEAR
$5000.00 ELECTRICITY/YEAR 1
UNUTILIZED ASSET OR CLEAN, LOCAL POWER ?
A PRICE ON CARBON IS THE MOST
EFFECTIVE AND EFFICIENT WAY TO SAVE
OUR PLANET FROM OVERHEATING
The CARBON FEE & DIVIDEND proposal by Citizens Climate
Lobby is achievable and equitable because it distributes the
Fee revenue to all households.
Check out Katharine Hayhoe and Global Weirding
Thank You!
For more information on the NH Community
Supported Solar Guide, please visit:
www.GreenMonadnock.org
C0-OP INVESTOR SUMMARY

Funds ($90K Investors; w/ Coop $60 K pre purchased
electricity)
 PV system
 Legal, eng’g, reserve








-$ 150,000
$ 135,000
$ 15,000
Year 1:
NH Rebate, FITC,MACRS, -tax on
pre purchased electricity, RECs &
PPA ($.03/kwh)
NET end Yr 1
Yrs 2-6 MACRs,RECs, PPA, buyout
$20K
Net Year 6

- $44,300
$10,000