Byron s First Community Owned Solar Garden brought to you by..

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1 Byron s First Community Owned Solar Garden brought to you by.. Australia s first community owned energy retailer: Enova Community Energy Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

2 AIM Information re solar garden in planning Primary purpose: benefit people who can t install solar on their own roof-tops Secondary purpose: benefit for host rooftop site Opportunity to get involved from either perspective Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

3 WHAT IS A SOLAR GARDEN? Solar garden or farm - collections of large number of solar pv panels Term solar garden, from Germany, frequently used to refer to refer to farms in which community members hold plots or numbers of panels Not always case but Enova using to distinguish from large scale solar farms

4 HOW WILL THE SOLAR GARDEN WORK? You become a member of the Community Owned Solar Garden This allows you to subscribe for a number of panels in the garden e.g. 8 (2kW) or 11 (3 kw) at app $1000 PER Kw Membership gives you the right to buy the ECSG product from Enova Energy for the life of the panels (20 years) Enova Energy gives you a credit to the value of the energy generated less the costs to maintain, off your energy bill for the next 20 years Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

5 kwh Host Site Host Business Install a Solar Garden Host uses solar generation $ Host buys generated solar $ Enova Community Solar Garden NFP $ $ Contract for admin and services Enova Retail $ Subscribe to a Solar Patch Enova Community Solar Garden Members Bill Credits Entitlement to Enova Community Solar Garden Product $

6 HOW WE WORKED THROUGH TO MODEL Started by examining ground-mounted more expensive Turned to roof-top Looked at size up to 99kW 330 panels has benefit of small scale certificates to bring down cost Location to minimise costs of connecting to grid best in industrial areas where already heavy lines and ability to absorb output Opportunities in Arts and Industry estate and further afield Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

7 BENEFITS TO PARTICIPANTS Known cost reduction on your bills for next 20 years amount established annually Pay itself off in around 5 years Savings = much better than bank interest You can take your membership with you if you move You can sell your membership if no longer in Enova serviced area You can gift panels to someone to lower their energy bills for 20 years. Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

8 BENEFITS TO HOST SITE Solar garden to maximise amount available as credit to members needs to have rooftop with user who willing to make roofspace available in return for a reduced price of energy Excess energy exported to grid only earns the average wholesale price, so want site with as high a use as possible Offer to host of 30% reduction on solar power used for next 20 years AND ownership at end of 20 years Plus positive PR from providing community benefit Enova Community Energy Ltd Alison Crook Nov 2016 enovaenergy.com.au

9 COST BENEFIT MODELLING Residential Apartment Building Assumptions Example 1 Example 2 Solar Size 20kW 20kW Solar Export 37% 80% Simple Payback Time Simple Rate of Return Annual Credit for the member % 8% $ $82.00

10 COST BENEFIT MODELLING Larger Customer Building Assumptions Example 1 Example 2 Solar Size 80kw 80kw Solar Export 37% 80% Simple Payback Time Simple Rate of Return Annual Credit for the member % 13% $ $130.00

11 IN SUMMARY PROJECTED SAVINGS SUBSCRIBE KW ANNUAL CREDIT app $ $180 - $230 app $ $360 - $460 app $ $540 - $690 Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

12 NEXT STEPS Appropriate rooftops identified Firm quotes obtained from installers Legal structure of company established and documents drawn up Confirm financial analysis including credit provided on bills and ROI/payback time to those who have registered We ll keep you informed of progress throughout Aim to build first in January Roll out in other shires Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

13 HOW TO PARTICIPATE Join in the shift and share in the benefits from renewables! Register interest here tonight or on website Send us questions or suggestions Tell others about it Switch to Enova now! Enova Community Energy Ltd Alison Crook October 2017 enovaenergy.com.au

14 Enova Community Energy Ltd Alison Crook February 2017 enovaenergy.com.au