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Ways To Install Solar On Schools, Churches & Non-Profits · 2019-11-21 · This is just such a...
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Ways To Install Solar On Schools, Churches & Non-Profits Solar Congress Nov 16 2019
Transcript of Ways To Install Solar On Schools, Churches & Non-Profits · 2019-11-21 · This is just such a...
Ways To Install SolarOn Schools, Churches & Non-Profits
Solar Congress Nov 16 2019
Panel• Father John Grace, Pastor Immaculate Conception Parish • Chad Wilkins, Convert Solar• Tish Tablan, Generation 180 • Aditi Iyengar, Oakton High School
• Ruth Amundsen, Moderator, Norfolk Solar QOZ Fund
Class A Contractor and NABCEP Certified Installers committed to making solar affordable and easy to obtain for every residential or commercial property that is situated to harness the power of the sun.
With a substantial resume of public sector and third party owned solar projects, we are proud to be able to offer our clients a range of excellent financing options, professional design and installation, as well as our exclusive 5-year, zero-risk, bumper-to-bumper, $0 out-of-pocket, unconditional warranty, including a 25-year warranty on parts.
As Coastal Virginia's solar experts, conveniently located right here in Virginia Beach, we've installed more systems than any other local provider since 2013, making us the only local company uniquely qualified to offer this investment opportunity.
VA Churches Going Solar with
Immaculate Conception, Hampton, VA142.2 kW
Unity Renaissance Church, Chesapeake, VA
Williamsburg UU, Williamsburg, VA43.2 kW
St. Andrew Presbyterian, Suffolk, VA33kW
St.Andrew Presbyterian
Unity RenaissanceReal Time Monitoring
Immaculate Conception(Vy Barto/National Catholic Reporter)National Catholic Reporter July 1 2019
Installation at Williamsburg UU
St. Andrew Presbyterian
Solar Panel InstallationImmaculate Conception
Catholic Church
The first church in the Diocese of Richmond to go solar!
Catholic Church Projects
St. Anthony of Padua, Falls Church
Church of the Nativity, Burke
St. Therese, Chesapeake
St. Bernadette, Springfield
St. Nicholas, Virginia Beach
Our Lady of Lourdes, Richmond
Church of the Holy Family, Springfield
Virginia Solar CongressNovember 16, 2019
Who We Are
Generation180 is committed to inspiring and equipping people to take action on clean energy.
Equip communities around the country to power their schools with solar
What We Do
Why Solar on Schools?
“I don’t want to move to another planet for clean air and water”Gavin Renshaw7 Years Old
Operational Cost Savings
U.S. schools spend $8 billion each year on energy.
By going solar, schools can invest cost savings back into our students.
Energy is the #2 highest expense for schools after staffing.
Middlesex County Public Schools
The First School District in VA with 100% solar-powered schools
Power Purchase Agreement Cost Savings: $4.74 Million Over 25 Years
“All of us are trying to deal with budgetary
challenges. This is just such a no-brainer”
- Dr. Peter GretzSuperintendent of MCPS
ZEROUp-front capital
costs
ZEROMaintenance
costs
LOWERElectricity
rate
Rooftop solar lab at Discovery Elementary in Arlington, VAA net-zero energy school that produces more energy than it consumes
Educational Opportunities
Educational Opportunities
Dominion offers a grant for 1.2 kW educational solar system with online real-time monitoring
NEED provides training for teachers and standards-aligned curriculum
Application Period:Oct 21 – Dec 6, 2019
Solar Schools in VA in 2019 **Report on VA Solar Schools Coming Soon
Growth of Solar Schools in VA
In the last five years…
**Report on VA Solar Schools Coming Soon
Caps on the Potential of Solar in Virginia
Power Purchase Agreementswere used to finance 90% of the installed solar capacity on VA K-12 schools over the last two years.
Caps on the Potential of Solar in Virginia
Dominion Energy:Only 10 MW left under the 50 MW cap for PPAs
Appalachian Power :Only nonprofit, higher educational institutions can use PPAs Zero participants under the 7 MW cap
Electric Cooperatives:PPAs enabled in 2019 with no cap Cumulative net metering cap of 7% of system peak
How do we spread the benefits of Solar Schools?
Virginia Declaration of Solar Rights
• Eliminate the 1% cap on net metering
• Enable all nonprofit and government customers to use PPAs
• Establish a mandatory Renewable Portfolio Standard
• Make real community solar legal
www.GoSolarSchools.org
Guide for Advocating for Solar at Your School
www.GoSolarSchools.org
Resources for Schools Going Solar
Available Solar Finance Methods• C-PACE• LLC/PPA of investors
– Requires investors with passive income • Qualified Opportunity Zone Funds
– In OZ, for investors with capital gains & passive income • RFP to commercial installers• Solar loan via bank or non-profit• Installed and owned by business• Loan to installer • Loan to business• Crowd funding• Purchase by school/church outright
C-PACE• Commercial Property Assessed Clean Energy Financing• Virginia enacted C-PACE in 2009 • Owners receive up to 100% project funding; pay back with electricity
savings• PACE nationally: 1575 projects, $650M, 9700 jobs created• Arlington C-PACE launched Jan 2018• Toolkit/documents at www.pacealliance.org• Your city council must enact it by ordinance to use it• Contacts:
– Abby Johnson: [email protected]– Scott Dicke: [email protected]– Rob McRaney: [email protected]
Solar on Non-Profit using LLC/PPA• Individual or LLC buys panels; owns for ~7 yrs• Non-profit pays for electricity via Power Purchase
Agreement (PPA)• Investment tax credit: 30%
– Only against passive income• Depreciation
– Only against passive income(Both can be fed forward 20 years)
• ~7 year payoff, can be held longer for more profit• Panels can be donated after payoff• Sample docs at http://solar.the-mcelroys.com
Annual income
30% tax credit
Depreciation (>30% savings on tax bill)
Investor(s) can get ~60% of their money back in first year Need to have passive income to take tax creditsCan feed credits forward 20 years
Image Virginian Pilot 3-6-19Led parent group to put $1M of solar on private school in NorfolkNo cost to school, parents re-paid in 7 years
Solar OZ Fund Basics• Same solar financing method as for non-profit
– Use capital gains for additional benefits in OZs• Defer GC tax for 7 years• Avoid 15% of CG tax entirely• Most installs pay off with profit in 7-8 years• Must also invest non-CG money to take depreciation
– Most beneficial for people with both capital gains and passive income
– Check VA OZ map to see if property in OZ– Example Solar OZ Fund
Commercial Solar Financing• Many solar companies provide solar install at no upfront cost
– Suntribe, Secure Futures, SolarCity, SunPower, REEL, Convert Solar– Payoff time longer; these are for-profit companies– Uses same tax laws & PPAs to achieve payoff– Begin process by issuing RFP
• Banks: Virginia Community Capital (Solar loans)• Non-profit option: https://re-volv.org
Example Virginia Solar RFP’s• No out-of-pocket cost for city• Virginia municipal installations via RFP
– City of Richmond Public Schools RFP– Arlington RFP– Harrisonburg RFP– Middlesex County– Albermarle County– Bath County– Lexington– Augusta County Public Schools
Commercial Business Solar• Annual income/savings on
business electricity bills• Investment tax credit: 30%
– Assumes enough tax liability to take credit
• Depreciation: additional savings of >30% on tax bill- Can feed forward
• Payoff time: ~ 7 years• ~15% tax-free investment
Annual income
30% tax credit
Depreciation > 30% savings on tax bill
60% of the system could be paid off in the first year
Loans• Solar installer or business can potentially take tax credits• Individual or collective not able to benefit from tax credits
could make loan to installer or commercial business• Payoff can be 10-15 years depending on profits desired
Solar Crowd Funding• Example from Secure Futures athttps://localstake.com/businesses/secure-futures-solar/preview
• Others could use this model
Implementation Notes• Start with roofs built/renovated within 8 years• Flat or south-face slant, not slate• Ensure Dominion contract allows interconnect• LLC yields 60% of funds back in first year -- could roll over for
more roofs 2nd year• Two reasons for time urgency:
– Best tax credit if installed/started by end of 2019– 50 MW cap on PPAs has not been expanded in VA legislature – could
fill soon
Potential Barriers• Institution may be concerned about:
– Maintenance– Insurance/liability– Future disposal– Risk– Damage to roof
• Investors may be concerned about:– Risk– Institution future – Low profit margin
Solar Advantages for Community• Creation of high-tech, high paying jobs
– Training in fastest-growing energy job field• More energy independence
– Lower dependence on utility– Protection against utility rate increases
• Alleviates strain on grid• Lower utility bills• Way to mitigate climate change and sea level rise
– Lowers use of fossil fuels for electricity– Lessens need for “peaker” plant activation– Example for other communities/institutions
More Info• https://www.solarunitedneighbors.org/virginia/ • http://solar.the-mcelroys.com/
– Template LLC– Template PPA
• https://re-volv.org• https://generation180.org• http://solarizeva.org• https://solarpowerrocks.com/virginia/• http://www.solar-nation.org/virginia• http://www.pacealliance.org
Questions?
