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A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

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Page 1: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

A Workshopfor Solar Installers

The Berkeley FIRST Program

Financing Initiative for Renewable and Solar

Technology

Page 2: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Workshop Presenters

Office of Energy and Sustainable Development, City of Berkeley

Building Division, City of Berkeley

Renewable Funding, LLC

California Solar Initiative

Page 3: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology
Page 4: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Program Design Overview• City formed a “sustainable energy

financing district” - a city-wide special tax district

• Authority to issue bonds up to $80 M for renewable and energy efficiency improvements

• 2008 Initial Pilot Program – issue bonds up to $1.5 M for 40 solar PV installations only

• Initial Allocation of 5 projects per City Council District

Page 5: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Program Design Overview (cont.)

• Property owners borrow funds from the City’s Sustainable Energy Financing District (max. $37,500)

• Repayment for 20 years through an annual special tax on their property tax bill.

• Tax only paid by Berkeley property owners who voluntarily participate in program.

Page 6: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Special Tax Calculation

Annual Tax for 20 Years equal payments

• Installation cost (less CSI rebate)

• Interest Rate on Bonds 10 Year US Treasury Rate (rate at time

of payment request) +3.25% fixed

• Property Tax and Bond Administration 1% over interest on bonds

Page 7: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Benefits of Berkeley FIRST • Addresses financial hurdles for

small-scale solar/ energy efficiency projects– Little or no upfront cost to property

owner– Special tax transfers with property– When bundled with efficiency, utility

cost savings may cover most of special tax from year one

Page 8: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Issues to be Resolved

• Continuation after pilot

• Expansion to include solar thermal and energy efficiency component

• Federal solar tax credit – IRS rules

Page 9: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Basic Eligibility for Program

• Solar Installers – Must be registered with the California Solar Initiative (CSI)

• Property Owners – City of Berkeley Residential and Commercial Properties

Page 10: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

How It Works• Property Owner gets quotes for PV

installation from CSI registered

Installers

• Property Owner applies for funding

on-line

• Third Party Administrator approves

funding reservation

• Property Owner contracts with

Installer

Page 11: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

How It Works (cont.)

• Property owner applies for CSI

reservation number

• Property owner complies with

RECO/CECO

• Installation completed within 270

days

• Property owner requests

payment from District

Page 12: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Property Owner Requirements

• Comply with Residential / Commercial Energy Conservation Ordinance (BMC 19.62 & 19.20)

• Registration for California Solar Intiative Rebate Program

Page 13: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Solar Installer Requirements• Compliance with all CSI requirements

including approved equipment and performance standards

• Quotes to customers include Gross Cost, Net Cost and total CEC cost per KWH

• Obtain Business License and Solar Permit from City Permit Service Center

• Final Invoice include Cost net CSI Rebate with as built system size

Page 14: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Technical Assistance• Cost-Benefit Calculator - UCB RAEL www.rael.berkeley.edu/projects

• Residential and Commercial Energy Conservation Ordinance

www.ci.Berkeley.ca.us/ContentPrint.aspx?id=19562

• Solar Permits Check Listwww.ci.berkeley.ca.us/onlineservice/forms.htm and

www.cityofberkeley.info/sustainable

• California Solar Initiative

Page 15: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Public Workshops• Dates are October 14, 16 & 21st

• Installers may attend to promote services (business cards & brochures)

• No contracts may be signed on location

Page 16: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Contact Information

Gail Feldman, Sustainable Energy Programs Manager

Office of Energy and Sustainable Development

City of Berkeley Planning Department

2120 Milvia Street, 2nd Floor

Berkeley, CA 94704

510.981.7400

[email protected]

www.cityofberkeley.info/sustainable

Page 17: A Workshop for Solar Installers The Berkeley FIRST Program Financing Initiative for Renewable and Solar Technology

Berkeley Permit Service Center

Solar permits• Plan Check• Fees• Inspections• Solar Installation Checklist found at:

www.ci.berkeley.ca.us/onlineservice/forms.htm

PSC is located at 2120 Milvia St.

Closed the 4th Friday of each month