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
• SEFA mission
• Relationship with NREL & SAPC
• Current initiatives
Standard contracts
o Consumer Protection
o Databases
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• 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
• Residential
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For vertically integrated developers and installers
– 0% Down Residential Lease
– Residential PPA Agreement
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For third-party finance providers
– 0% Down Residential Lease
– Residential PPA Agreement
• Commercial Contracts
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Commercial PPA
Commercial lease (in process)
Current Initiatives: Consumer Protection
• Started in September 2014
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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:
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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
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Open Solar Performance and Reliability Clearinghouse
Actuarial data base for evaluating investment risk
Free to use for SEFA members
• oSPARC plant data dictionary
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Free to use for SEFA members
• Data Exchange API’s
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Launching at SPI
Free to use for SEFA members
• O&M Best Practices & Cost Model
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Launching at SPI
Free to use for SEFA members
• Plant Monitoring Best Practices Guide
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Free to use for SEFA members
Leadership
• Board of directors
Tom Fink – Trepp LLC (Secretary)
o Mina Kim – SunRun
o Nicholas Mack – Clean Power Finance
o Keith Martin – Chadbourne & Parke
o Mary Rottman – Rottman-Associates (President & Treasurer)
o Tom Tansy – SunSpec Alliance (Membership)
o Seth Weissman – SolarCity
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• Advisory board
Mike Mendelsohn – NREL
o Dirk Michels - K&L Gates
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Membership
• Open to stakeholders in solar & finance industries
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Banking
Developers & asset owners
Legal, accounting, data analytics, servicing, equipment
suppliers, monitoring, education, research, government
• Founder membership campaign
$1,000
o Shape the industry!
o Company logo recognition on website
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• Membership benefits
SEFA Member Meeting
• In-person member meeting at SPI
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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: info@sefa-finance.org
Membership: membership@sefa-finance.org
Q&A
• Questions?
• Comments?
Thank You!