Presentation is loading. Please wait.

Presentation is loading. Please wait.

What is a Community Solar Garden ? Garden Development. CSG developer builds a large, low cost solar array that uses tax benefits to reduce project costs.

Similar presentations


Presentation on theme: "What is a Community Solar Garden ? Garden Development. CSG developer builds a large, low cost solar array that uses tax benefits to reduce project costs."— Presentation transcript:

1 What is a Community Solar Garden ? Garden Development. CSG developer builds a large, low cost solar array that uses tax benefits to reduce project costs. Garden Operation, Ownership and Management. Solar garden feeds electricity into the utility transmission “grid”. Solar Garden developers, “tax equity investors” and other partnering business entities typically own the garden and provide for O&M expenses during the 25-year power purchase agreement with Xcel Energy. Subscriber Benefit. Xcel electricity customers “subscribe” to electricity from a solar garden. Subscribers receive bill credits from Xcel Energy. Rates set by MN Public Utilities Commission. Subscriber Legal Rights. Solar garden “subscriptions” entitle subscriber to a share of energy generated by the garden. They do not create any legal ownership of the solar panels. IndividualsChurch Facilities CSG Developer Investment Tax Credit Incentives “Subscriber” Members Businesses $$ Bill Credits electricity Subscription Agreement $$ Rick Condon / Sean Gosiewski

2 Subscriber Rules Xcel Customer. Subscriber must have Xcel Energy electric bill for the premises participating in the garden. Eligible subscribers. Individual renters and homeowners and other legal entities including businesses, government, congregation facilities, nonprofit organizations. Subscription Amount. can be up to 120% of historical electricity usage for the subscribed premises. Location. Subscription meter address must be in same county or adjacent county to solar garden Transferability. Subscriptions are transferable to a new billing address, provided the new subscription address complies with location requirements. Tests applied after relocation to ensure compliance with 120% rule (above) Large subscribers. No subscriber can account for more than 40% of any one garden. Rick Condon / Sean Gosiewski

3 Community Solar Garden Options Bigger CSG Lower cost per unit Biggest CSG Lowest cost per unit ? Congregation A Smaller array ? Other Congregations No Solar Array Church Options for Array: Own array – 40kW max Host CSG onsite Subscribe to offsite array Subscription Drives Congregation Roof vs Offsite ? Congregation Collaboration ? Electricity for Facility and / or individuals ? Rick Condon / Sean Gosiewski

4 CSG Developer Pay Upfront “Save-Go” Commercial “Save-Go” Individual Tru NorthNoYesNo SoCore Energy??YesJan 2015 ? SunsharesYes Solarstone??Yes Novel Energy SolutionsYes Geronimo Energy?? Able EnergyNo Yes MN Community SolarYes3 mos ? SundialYesNo Cooperative Energy Futures YesTBD Innovative Power Systems ?? Clean Energy Collective?? SunEdison??Yes2015 – no ETA Sunrise Energy Ventures?? CSG Developer Landscape * As of 10/27/14 * Based on conversations with CSG Developers. Some additional details available. No programs have yet been published Typical Residential customer requires 7-8kW CSG subscription to cover 100% of electricity (9600 kwh / year). Pay upfront CSGs cost $2-4.50/watt. 8kW subscription costs $16K - $36K. Residential subscriber bill credit of $1350-$1450/year at $0.14- $0.15/kwh “Save-as-you-go” CSGs have no upfront cost and save 5-15% on total electricity bill. Rick Condon / Sean Gosiewski


Download ppt "What is a Community Solar Garden ? Garden Development. CSG developer builds a large, low cost solar array that uses tax benefits to reduce project costs."

Similar presentations


Ads by Google