Transcript The Future of Solar Finance - The Solar Energy Finance Association
The Future of Solar Finance
October 9, 2014
Today’s SEFA Speakers & Webinar Protocol
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Mary Rottman: Rottman-Associates Seth Weissman: SolarCity Nick Mack: Clean Power Finance Tom Tansy: SunSpec Alliance Tom Fink: Trepp LLC
Please send questions to chat window Will provide answers at end of presentation
Agenda
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SEFA mission Relationship with NREL & SAPC Current initiatives
o o o Standard contracts Consumer Protection Databases
Leadership structure & board Membership In-person meeting at SPI
Industry Need
SEFA Mission
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Expand availability of public capital to solar industry Industry leadership forum Leverage the work of NREL SAPC Maintain and expand work products Education, networking & innovation
SEFA Organization
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Incorporated in 2013 California mutual benefit association Facilitate the SAPC mock securitization efforts Contract with NREL to administer standard solar finance contracts Work in parallel with NREL/SAPC initiatives
Current Initiatives: Standard Contracts
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Residential
o o For vertically integrated developers and installers – 0% Down Residential Lease – Residential PPA Agreement For third-party finance providers – 0% Down Residential Lease – Residential PPA Agreement
Commercial Contracts
o o Commercial PPA Commercial lease (in process)
Current Initiatives: Consumer Protection
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Started in September 2014
o o Working group participation by 30 different solar industry representatives Focusing on consumer education and internal regulatory “good housekeeping”
Work product for SEFA member approval at SPI:
o o o Internal Regulatory Compliance Memos Consumer education – “Key Solar Contract Points” list Example of standard contract packet disclosures
Longer term goals
Current Initiatives: Data Standardization
• • • • • SunSpec Initiative Support Extended to SEFA Members
oSPARC
o o o Open Solar Performance and Reliability Clearinghouse Actuarial data base for evaluating investment risk Free to use for SEFA members
oSPARC plant data dictionary
o Free to use for SEFA members
Data Exchange API’s
o o Launching at SPI Free to use for SEFA members
O&M Best Practices & Cost Model
o o Launching at SPI Free to use for SEFA members
Plant Monitoring Best Practices Guide
• Free to use for SEFA members
Leadership
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Board of directors
o Tom Fink – Trepp LLC (Secretary) o o o o o o Mina Kim – SunRun Nicholas Mack – Clean Power Finance Keith Martin – Chadbourne & Parke Mary Rottman – Rottman-Associates (President & Treasurer) Tom Tansy – SunSpec Alliance (Membership) Seth Weissman – SolarCity
Advisory board
o o Mike Mendelsohn – NREL Dirk Michels - K&L Gates
Membership
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Open to stakeholders in solar & finance industries
o o o Banking Developers & asset owners Legal, accounting, data analytics, servicing, equipment suppliers, monitoring, education, research, government
Founder membership campaign
o o o $1,000 Shape the industry!
Company logo recognition on website
Membership benefits
SEFA Member Meeting
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In-person member meeting at SPI
o After SAPC meeting on October 21, 2014
Open meeting Vote on new board members Nominations Participation available by conference call
Information & Contacts
Website: http://sefa-finance.org
Information: [email protected]
Membership: [email protected]
Q&A
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Questions?
Comments?