The State of Community Solar in New York Dennis Phayre EnterSolar, LLC

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1 The State of Community Solar in New York Dennis Phayre EnterSolar, LLC January 11 th, 2017

2 Halfmoon Community Solar Farm

3 NY ISO Zones

4 Halfmoon Solar Park EnterSolar Case Study EnterSolar developed and constructed New York State s first community solar installation, whereby homeowners in NYSEG Zone F can purchase solar energy from an offsite solar system EnterSolar installed a 582 kw ground mounted solar system on a 12 acre plot of land in Halfmoon, NY. This system is expected to produce approximately 740 MWh/y and offset about 150 metric tons of CO2/y Community Solar allows residences that do not qualify for solar to take advantage of clean, reliable energy. This system is also available to low income families in the Albany region PROJECT SUMMARY System Owner... EnterSolar System Off Taker... Location... Bloomberg L.P. Halfmoon, NY Project Location... Queens, NY Installation Type... Ground Mount PV System Off Taker Location... Bloomberg Tower, NYC System Size kw Solar System Installation Type... Roof Mounted Solar System System Production. ~741,230 kwh System Size MW DC Year 1 kwh Prod. Solar Incentives... NY Sun ~1,850 MWH Transaction Type... Solar Incentives... Fixed Spread PPA NYSERDA NY Sun Remote Net Metering

5 CDG New Business Model Democratization of solar Everybody s solar! New business model and with a new set of regulations July 2015 PSC issued an order establishing a CDG Program Over 3 GWs of IAs to date but barely 1 MW operational Immature business model Utilities are overwhelmed with interconnection applications New SIR April 2016 addressed some of the issues Collaborative process to address backlog

6 What else is slowing it down? Utilities are genuinely concerned Their business model is at risk They face huge near term costs The integrity of their system is paramount Established energy market Rapidly evolving set of regulations Great deal of uncertainty Long standing players and other interested parties (consumer advocates) will not remain silent for long

7 NY Reforming the Energy Vison and Value of DER REV Goals Greater resiliency and reliability Lower cost energy Utilities distributed energy resource platform provider Low carbon renewable energy Value of DER or Value of Distributed Energy Resources proceedings Five month collaborative process Phase I Order January 24th, 2017 Phase II two year process (Phase 1.5)

8 The Role of the Regulator Tariffs make markets Regulators and ISOs must catch up The industry is evolving much faster than the regulations Choose your methodology carefully It will bound your efforts Rate impacts Then work in phases

9 Stacks of Values Essential concepts Time & location Monetary credits not volumetric kwh credits Balance fixed and performance based metrics Customer Contract Revenue Sharing Agreements ESCOs are well suited to administer CDG supply contracts backed by CDG monetary credits

10 VDER is a Production Tariff VDER is not a consumption tariff Consumption tariff used to shape load VDER animates markets VDER is a methodology for determining a resource s value according to what it can do, where it can do it and when it does it. Incentivize smart assets Communicate in real time Dispatchable by the ISO and the utility Where and when they are needed most

11 How does CDG impact commercial customers? Role of the Anchor lower the cost of finance The Value of Solar is the Value of Solar where and when it is produced, regardless of who the off taker is or where and when it is consumed. Grid capacity is limited save some for existing on site generation

12 Thank you! EnterSolar Contact: Dennis Phayre Phone: (518)

13 EnterSolar Background Founded in late 2006, EnterSolar is a leading developer of distributed generation solar photovoltaic systems for the commercial marketplace Deep bench of experienced solar industry professionals Comprehensive Return on Investment focus We manage all aspects of project development Design, engineering, permitting, installation Federal & state solar incentives, utility finance programs, REC monetizations Comprehensive post installation operations & maintenance services EnterSolar procures best in class solar equipment from top tier manufacturers with maximum warranty terms We have a strong track record of performance and we take pride in our excellent references from our existing solar clients EnterSolar was ranked the # 1 solar developer in New York State in 2015 by Solar Power World, and #6 nationally by Greentech Media 13