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Joy hughes open standards for shared renewables
The document discusses open standards for community renewables, particularly focusing on shared solar initiatives and their benefits, such as reduced costs and easier access for developers. It outlines different business models and the importance of communication protocols to enhance the operation of solar projects. Additionally, it touches on legal considerations regarding tax credits and securities laws related to community solar investments.
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Joy hughes open standards for shared renewables
- 1. Joy Hughes -Open Standards for Community Renewables - Solar 2014 ! Open Standards for Community Renewables ! ! ! ! ! Joy Hughes, Solar Gardens Institute joy@solargardens.org
- 2. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Open Standards / Open Source: A Growing Movement Open Solar Outdoor Test Field
- 3. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Shared Solar Cash and Energy Flow
- 4. Joy Hughes -Open Standards for Community Renewables - Solar 2014 The Cost of Community Solar Array Type Cost Per Panel Cherryland Electric (MI) Utility Direct $395 Colorado Springs - SunShare Third Party $550 Vernon Electric (WI) Third Party $600 Colorado Springs - CEC Third Party $624 Holy Cross (CO) Third Party $725 Connexus Energy (MN) Third Party $950 United Power (CO) Utility Direct $1050
- 5. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Opening up Shared Renewables: Opportunities • Communications Protocols ! • Utility Billing Software ! • Business Structures ! • Finance models ! ! ! !
- 6. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Benefits of Open Standards For Shared Renewables • Lower cost to subscribers ! • Lower barriers to entry for developers ! • Less work for utilities and billing software providers ! • Opens door to community initiated projects ! • Makes smaller projects possible
- 7. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Open Communication Protocol • Synchronize database between utility and service provider ! • Add and cancel subscribers, change subscription size ! • Track subscriber moves and other changes ! • Track system production ! ! !
- 8. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Less Need for Tax Equity • Warning: I am not a lawyer! ! • Investment tax credit step down to 10% end 2016 ! • IRS notice 2013-70 - subscribers may claim tax credit for offsite solar ! • Example: Kehila Synagogue Piedmont, CA Nonprofit finance (Re-Volv) Nonprofit install (SunWork) 22kW rooftop - $2.80/W no ITC
- 9. Joy Hughes -Open Standards for Community Renewables - Solar 2014 Simplifying Securities Law • Utility, nonprofit and cooperative exemptions ! • Direct public offerings (DPOs) ! • JOBS Act ! • Avoid need for securities registration ! The “Howey Test” !1.investment of money due to 2.an expectation of profits arising from 3.a common enterprise 4.which depends solely on the efforts of a promoter or third party
- 10. Joy Hughes -Open Standards for Community Renewables - Solar 2014 ! Thank you! ! ! ! ! ! Joy Hughes, Solar Gardens Institute joy@solargardens.org 719-207-3097 ! Visit solargardens.org and join the mailing list