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Joy Hughes, Solar Gardens Finance presentation at SF Bay Area Community Solar Confluence, 5-23-12

Joy Hughes, Solar Gardens Finance presentation at SF Bay Area Community Solar Confluence, 5-23-12



Advanced Solar Finance

Advanced Solar Finance



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    Joy Hughes, Solar Gardens Finance presentation at SF Bay Area Community Solar Confluence, 5-23-12 Joy Hughes, Solar Gardens Finance presentation at SF Bay Area Community Solar Confluence, 5-23-12 Presentation Transcript

    • Joy Hughes – Solar Gardens Institute Solar Gardener Training
    • Mind the Gap! FinanciersCommunities
    • Community Supported Energy Multiple Owners, Single Off-Taker Owners | Off-takersCo-op Owner House of Worship NonprofitSecuritized Community Center OwnerExemptLLC UserJOBS Act Owner
    • Solar GardenSingle Owner, Multiple Off-Takers (Power Purchase Model) Owners | Off-takers Local Bank Guarantor Corporation Owner Insurance MunicipalityBankPrivate EquityLimited Partnership User User User
    • Community Power Multiple Owners, Multiple Off- Takers Doesn’t … yet. exist ... Owner Owner Owner User UserOwner Owner //User User / User
    • Policy, People, and Projects Online Solar Gardener Training Featuring “Master Gardeners” 50+ Trainees Live Confluence TourBoston, NYC, Omaha, San Francisco
    • Policy, People, an d Projects Project Assistance 20+ projects - five states in our “seedling bed” Advice for Students 12 students across U.S.
    • Learning From Communities Communities want to be told what to do BUT They want local control Communities want to choose a local installer, find their ownCommunities want to own subscribers, and own the project through a “flip” model. the project Solar finance literacy is BUT needed. All stakeholders must They want no risk be included.
    • Social Score Principles of Community Power1. Grass Roots 6. Community ownership2. Maximize distribution 7. Keep money local3. Minimize impacts 8. Inclusivity4. Multiple use 9. Community engagement5. Supports localinstitutions 10. Solidarity
    • Environmental Score Principles of Responsible Solar Development1. Tree Preservation 6. Local Designers2. Share the Land 7. Micro-grids3. Shade over 8. Responsible BusinessPavement Practices4. Good Neighbor Policy 9. Microfinance5. Limited Scale 10. A hand up
    • Financial Score Subscriber’s Bill of Rights1. Reasonable cost 6. Low Fees2. Path to Ownership 7. Solar Gardener Support3. Portability /Transferability 8. Host Support4. Financial Protection 9. Program Support5. Customer Service 10. Community Support
    • Learning From Financiers Financiers want shovel- ready projects BUT They don’t want to pay for up-front costs Financiers want low cost proven installers - and subscribers with stellarFinanciers want to control credit. They are the project constrained by tax law and by their bankers’ risk BUT models. Brand-new They want no risk programs are scary.
    • MarketplaceCommunity gets a good finance fit Financiers get qualified projects Communitie s Financiers Solar Tax Garden Equity Solar Manage Gardener Expectations Training Standard offer Program Project Open Source CSE Scoring Security Checklist Contracts Project Community Pitches DecisionRooftop Co-opProgram Installer Hosting Choice Services
    • Thank You!solargardens.orgJoy Hughes – founder – joy@solargardens.orgRobyn Lydick – Media Relations –robyn@solargardens.orgPlease sign up for the mailing list