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BerkeleyFIRST Financing Initiative Renewable and Solar Technology Mimi Frusha, Renewable Funding October 14, 2008 1.

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Presentation on theme: "BerkeleyFIRST Financing Initiative Renewable and Solar Technology Mimi Frusha, Renewable Funding October 14, 2008 1."— Presentation transcript:

1 BerkeleyFIRST Financing Initiative Renewable and Solar Technology Mimi Frusha, Renewable Funding October 14,

2 Powered by Renewable Funding, LLC Agenda  Program Process  Key Dates  Information & Eligibility  On-line Application & Payment Request 2

3 Powered by Renewable Funding, LLC Pilot Program Process Application + Allocation + Approval (30 days)Solar Installation (max 270 days)Payment Request + Confirmation (max 14 days)Tax Lien on Property (max 5 days)Payment Issued (max 5 days)Repayment Over 20 years 3

4 Powered by Renewable Funding, LLC Pilot Key Dates Wednesday November 5 th 9AM On-Line Application Opens Wednesday November 19 th 9AM On-Line Application Closes Thursday November 20 th 5PM Property Owners Notified of Slot Allocation Wednesday November 26 th 5PM Reservation Fee Submission Deadline Wednesday December 3 rd 5PM Application Approval Notification 4

5 Powered by Renewable Funding, LLC Information Needed  Valid Address  Name of Property Owner(s) and Address as Appears on Property Title  Name, Date and Initial Bid Amount from Qualified Solar Installer  Debit or Credit Card Information to submit reservation fee 5

6 Powered by Renewable Funding, LLC Eligibility  Property must be located in the City of Berkeley  Applicant to the FIRST Program must be an owner on the property title  All owners on the property title must agree to the terms of the program  Before requesting funding, property owner must ensure that their property meets the City’s RECO/CECO  Property owners must participate in the California Solar Initiative Rebate program and use a qualified installer å6

7 Powered by Renewable Funding, LLC Property Qualification Screen  property owners listed on the application are the owners on the property title as shown in the County’s real property records  there are no notices of default (mortgage, property taxes, or any other type) within the past 3 years or since ownership  there are no tax liens as the result of a failure to pay taxes in excess of $500 within the past 3 years or since ownership 7

8 Powered by Renewable Funding, LLC Property Qualification (Cont.)  property owners are on current on all property taxes over the past two years or since ownership  there are no current mechanic or other involuntary liens in excess of $1000 8

9 Powered by Renewable Funding, LLC BerkeleyFIRST Home Page 9

10 Powered by Renewable Funding, LLC BerkeleyFIRST Application 10

11 Powered by Renewable Funding, LLC BerkeleyFIRST Check Status 11

12 Powered by Renewable Funding, LLC Required Documentation  Signed and notarized Unanimous Consent Approval, by which the property owner will annex the benefited property to the Special Tax District  Signed Information Verification Form  Signed Program Terms, which includes authorization to release PG&E and CSI information 12

13 Powered by Renewable Funding, LLC Required Documentation (Cont.)  Signed final electrical permit inspection from the City's Building Department  Final invoice from their solar installer  Copy of the California Solar Initiative Confirmed Reservation Notice Letter with CSI Reservation # 13

14 Powered by Renewable Funding, LLC Next Steps 14  Ensure you are familiar with the application timeline, key dates and program details (i.e.: RECO/CECO)  Make sure you have your initial bid  Apply promptly as there are 5 slots per a district, 40 total slots

15 Powered by Renewable Funding, LLC BerkeleyFIRST Application Site 15

16 Powered by Renewable Funding, LLC 16 Contacts Renewable Funding develops and delivers innovative solutions for renewable energy and energy efficiency financing. tel fax


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