Ucbx430 fall 2010

Investment Grade Solar System Feasibility Underwriting, Production, and Presentation of Investment Grade Studies UCBX 430 Produced and Presented By Theodore Horton, LEED AP, Managing Member NorCal PV LLC.

Key Concepts Instant Feasibility Quantifying Demand The Value Stack vs the Cost Stack Harvesting & System Design Let’s Make A Deal

The Five Questions You Need to Answer on any Project 1. Why is this the Right Customer? 2. Why is this the Right Site? 3. Why is this the Right Way to Buy Solar? 4.Is the Pain Worth the Gain? 5. Why Do It Now?

Course Objectives •Get to feasible projects faster •Use tax, technology, customer to get to a deal •Do it right, build it now.

Instant Capitalize Feasibility Right ID Host ID SITE(S) The Route Design Right PRESENT PROJECT ID TEAM Pull It Selling All Together Solar FIX SIZE & ID RISKS CAPSTACK

PV POWER PARTNERING WHERE PV WORKS.

YES Wants YES Tax Appetite? Performance Risk? Got Cash? Balance Sheet NO NO Capital Lease NO AB811? NO Bankable? NO PROJECT YES Wants YES Operating Lease Performance Risk? NO NO Which CREBs YES Financing Structure? > 400kW? PPA

26% VALUE STACK

Tour of Commercial Solar Project

Tilt & Azimuth Matter

Student Presentations on Solar Project as Course Capstone

50 The Right Customer—14SEP10 40 The Right Site—21SEP10 25 The Right Design—28SEP10 Meeting the Need—5OCT10 10 The Deal—12OCT10 4 1 Do It Now

The 12 Step Solar System Feasibility Process Step Task Goal 1. Host Customer Description Solar intent, Onsite Loads Define Need 2. Tax Equity Monetization Treasury cash grants, ITC, MACRS Capitalization 3. Production Forecast Energy production, guarantees Onsite Savings 4. Site Control Lease, license, easement Control 5. System Costs Contracts, leases, finance package Contract 6. Risk Factors Design, Construction, Operation Buy Out Risk 7. Capitalization PBI, Lease, debt, equity, SRECs Low Cost of Funds

The 12 Step Solar System Development Process Step Task Goal 8. Permitting Fire, electrical, site code compliance Building Permit 9. Procurement Component & equipment delivery Vendor Agreements 10. Construction Quality, pace and intensity On-time, On-budget 11. Commissioning Reduce errors and defects Utility Connection 12. Monitoring & Operations System yield, warranty service Beat Projections Reversion & Expansion Add’l sites, sale/xfer of PV assets Profitability

The scientists represented by the IPCC have spoken — what we need now are passionate, even partisan political soldiers to lead the way and push the final tipping point from awareness to action. --Bill Walsh, CNN

See you Saturday 11SEP 9A Registration: http://www.unex.berkeley.edu/cat/course1885.html

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Ucbx430 fall 2010

by norcalpv on Jul 10, 2010

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Ucbx430 fall 2010 — Presentation Transcript