Community Solar Energy              Community Renewable Energy Solutions, LLC                      Township of Willingboro...
OVERVIEW• Community Renewable Energy Solutions, LLC  proposes to facilitate the planning and  creation of a local renewabl...
ASSEMBLY – NO. 2502• This Bill establishes “New Jersey Property  Assessment Clean Energy (NJ PACE) Municipal  Financing Pr...
ASSEMBLY – 2502• To implement the program, the New Jersey  Economic Development Authority shall  establish low-cost source...
ASSEMBLY – 2502• This Bill makes energy services more  affordable for low and moderate income  ratepayers; promotes the lo...
FACILITATION/SCOPE OF WORK• Community RenewableEnergy Solutions proposes towork with the TownshipResidents to:  1. Conduct...
FACILITATION/SCOPE OF WORK• SCOPE OF WORK 5. Review financial options such as fee-in-tariffs, property assessment clean en...
HOW DOES AN LREC IMPACT LOCAL     ECONOMIC DEVELOPMENT• 1. Community owned,  the cost of electric to  members is controlle...
HOW DOES AN LREC IMPACT LOCAL     ECONOMIC DEVELOPMENT• 3. With lower electric      • 5. Opportunity for  rates community ...
BENEFITS TO RATEPAYERS AND THE         UTILITY COMPANY• 1. Adding 25MW of distributed electricity  (solar) in our communit...
BENEFITS TO RATEPAYERS AND THE        UTILITY COMPANY• 3. A partnership with our solar service  provider, the BPU, PSE&G a...
BENEFITS TO RATEPAYERS AND THE         UTILITY COMPANY• 4. Smart grid development. The rooftop solar  installation will be...
BENEFITS TO RATEPAYERS AND          UTILITY COMPANY• 5. As producer  consumers, ratepayers  bring down cost of  electric a...
BENEFITS TO RATEPAYERS AND          UTILITY COMPANY• 7. Every mega watt  installed generates  $3.5-$4 million in local  ec...
BENEFITS TO RATEPAYERS AND          UTILITY COMPANY• 8. Local ownership        • Reduced greenhouse  through the process o...
COMMUNITY RENEWABLE ENERGY SOLUTION                 CRES.LLC   “Rebuilding communities for friends     and neighbors with ...
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Community Renewable Energy Co-op

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Community Renewable Energy Co-op

  1. 1. Community Solar Energy Community Renewable Energy Solutions, LLC Township of Willingboro PROPOSAL TO DEVELOP A COMMUNITY RENEWABLE ENERGY GENERATION CO-OPwww.cressolarenergy.com
  2. 2. OVERVIEW• Community Renewable Energy Solutions, LLC proposes to facilitate the planning and creation of a local renewable energy collaborative – LREC – and the development of central renewable energy generation systems –CREGS - in the community for the sale of renewable distributed electricity www.cressolarenergy.com
  3. 3. ASSEMBLY – NO. 2502• This Bill establishes “New Jersey Property Assessment Clean Energy (NJ PACE) Municipal Financing Program”.• A-2502 provides at financing tool for municipalities who wish to facilitate the purchase of solar energy systems by homeowners, or groups of property owners acting jointly to share the costs and benefits of such improvements. www.cressolarenergy.com
  4. 4. ASSEMBLY – 2502• To implement the program, the New Jersey Economic Development Authority shall establish low-cost sources of financing, such as qualified energy conservation bonds and investment from private capital sources, to provide funding for the purchase of solar energy systems to interested municipalities. www.cressolarenergy.com
  5. 5. ASSEMBLY – 2502• This Bill makes energy services more affordable for low and moderate income ratepayers; promotes the lowest cost for energy for all ratepayers; provides an opportunity for all market segments to participate. www.cressolarenergy.com
  6. 6. FACILITATION/SCOPE OF WORK• Community RenewableEnergy Solutions proposes towork with the TownshipResidents to: 1. Conduct feasibility study 2. Identify resident participants and public sites 3. Work with Township Council to develop a local government renewable energy entity (“LGREG entity”) 4. Work with the BPU and PSE&G to license community system www.cressolarenergy.com
  7. 7. FACILITATION/SCOPE OF WORK• SCOPE OF WORK 5. Review financial options such as fee-in-tariffs, property assessment clean energy (NJ PACE) program, tax free energy bonds private investors etc. 6. Build and train community renewable energy workforce. 7. Review all government programs that offer financing for community renewable energy projects. www.cressolarenergy.com
  8. 8. HOW DOES AN LREC IMPACT LOCAL ECONOMIC DEVELOPMENT• 1. Community owned, the cost of electric to members is controlled and all profits stay in the community to the shareholders.• 2. Workforce needed to build out goal of 25MW of solar, is trained from the community. www.cressolarenergy.com
  9. 9. HOW DOES AN LREC IMPACT LOCAL ECONOMIC DEVELOPMENT• 3. With lower electric • 5. Opportunity for rates community public-private members have more investment(s). income to spend with local businesses.• 4. All utility (PSE&G) ratepayers are potential members and as such have a right to invest in renewable energy products. www.cressolarenergy.com
  10. 10. BENEFITS TO RATEPAYERS AND THE UTILITY COMPANY• 1. Adding 25MW of distributed electricity (solar) in our community during peak day time demand will support the utility company in the area of demand side management.• 2. A 25MW community solar system can be designed to create micro-grids when blackouts occur residents can go off the grid and go on neighborhood systems that generate electricity from bio-fuel, nat. gas etc. www.cressolarenergy.com
  11. 11. BENEFITS TO RATEPAYERS AND THE UTILITY COMPANY• 3. A partnership with our solar service provider, the BPU, PSE&G and the New Jersey Economic Development Authority will assure the funding in some form to be determined after a funding study is made. There are several options to finance a project of this scale; energy bonds, private investors, utility investment etc. www.cressolarenergy.com
  12. 12. BENEFITS TO RATEPAYERS AND THE UTILITY COMPANY• 4. Smart grid development. The rooftop solar installation will be net-metered which requires a smart meter installation. As more smart meters are deploy in our service sector more information is provided to the utility to assist it in demand side management. www.cressolarenergy.com
  13. 13. BENEFITS TO RATEPAYERS AND UTILITY COMPANY• 5. As producer consumers, ratepayers bring down cost of electric and earn income as shareholders in the community LREC.• 6. Local electric production avoids transmission charges. www.cressolarenergy.com
  14. 14. BENEFITS TO RATEPAYERS AND UTILITY COMPANY• 7. Every mega watt installed generates $3.5-$4 million in local economic activity and creates eight(8) new jobs in the community. With a goal of 25MW, this project would create between 150 – 200 new jobs. www.cressolarenergy.com
  15. 15. BENEFITS TO RATEPAYERS AND UTILITY COMPANY• 8. Local ownership • Reduced greenhouse through the process of emissions group investment • Improved grid efficiency produces greater • Defers systems economic benefits to upgrades the community with • Alleviates grid jobs, higher property values and a secure congestion energy system. • Improves reliability, fewer blackouts www.cressolarenergy.com
  16. 16. COMMUNITY RENEWABLE ENERGY SOLUTION CRES.LLC “Rebuilding communities for friends and neighbors with renewable energy” www.cressolarenergy.com

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