Year 4 Small ZREC Tariff I nfo rma tio na l We b ina r Ja nua ry - PowerPoint PPT Presentation

Year 4 Small ZREC Tariff I nfo rma tio na l We b ina r Ja nua ry 25, 2016

Program Overview Christie Bra dwa y, E ve rso urc e Ga ry Zie la nski, UI

Presentation Questions • Sub mit q ue stio ns via e ma il o nly: L RE C.ZRE C@ e ve rso urc e .c o m o Ple a se do no t sub mit q ue stio ns via Go T o We b ina r. Only e ma ile d o q ue stio ns will b e a ddre sse d. • Ma ste r list o f a ll q ue stio ns a nd a nswe rs will b e se nt to a ll we b ina r pa rtic ipa nts.

Small ZREC Tariff is the Controlling Document I n the e ve nt o f a ny inc o nsiste nc y b e twe e n the pro visio ns o f the Sma ll ZRE C T a riff o r a ny pa rt this pre se nta tio n, the pro visio ns o f the Sma ll ZRE C T a riff a re c o ntro lling . Applic a nts sho uld re vie w the Sma ll ZRE C T a riff a nd a ll a sso c ia te d do c ume nts, inc luding the T e rms a nd Co nditio ns a nd Se rvic e Ag re e me nts, tho ro ug hly a nd sub mit the ir Applic a tio ns b a se d upo n the Sma ll ZRE C T a riff, whic h will so le ly g o ve rn the tra nsa c tio ns b e twe e n the se le c te d Applic a nts a nd the ir c o unte rpa rty Co mpa ny thro ug h the te rm o f the re sulting Sma ll ZRE C T a riff.

Procurement Process • Co mpe titive So lic ita tio n – (RF P) Project Type Size Annual Budget Renewable Energy Credit Price Cap ≥250 kW to 1,000 kW Large ZRECs Approximately $2.7 M Max = TBD Medium ZRECs >100 kW < 250 kW Approximately $2.7 M Max = TBD LRECs Up to 2,000 kW $4 M Max. $200/REC • Ye a r 4 Sma ll ZRE C T a riff Project Type Size Annual Budget Renewable Energy Credit Price Cap Small ZRECs Up to 100 kW Approximately $2.7 M Weighted Average of the Medium ZREC price + 10% - UI = $80.31 (proposed) - Eversource = $82.58 (proposed)

Small ZREC Eligibility • NE W: Se c tion 2(f) of Public Ac t 15-194 – “SHRE C Program” o Any c usto me r o f a n E le c tric Distrib utio n Co mpa ny tha t is e lig ib le fo r the re side ntia l so la r inve stme nt pro g ra m sha ll no t b e e lig ib le fo r sma ll ze ro -e missio n re ne wa b le e ne rg y c re dits pursua nt to se c tio n 16-244s.” • I f yo ur pro je c t q ualifie s fo r the Co nne c tic ut Gre e n Bank's Re side ntial So lar I nve stme nt Pro g ram, it no lo ng e r q ualifie s fo r the Small Z RE C pro g ram. – Se e Slide 16 fo r mo re info rmatio n • Must b e lo c a te d b e hind a c o ntra c ting utility re ve nue me te r a nd ha ve a de dic a te d RE C me te r • Must no t ha ve re c e ive d funding / g ra nts fro m CT Gre e n Ba nk o r its pre de c e sso rs CE F I A o r the CCE F (o the r tha n lo w c o st fina nc ing ) • Pro je c ts must b e in se rvic e o n, o r a fte r, July 1, 2011 • No la rg e r tha n 100 kW (Ple a se no te Se c tio n 3.3 o f the T &C’ s) • Must ha ve ze ro e missio ns (Ma y inc lude so la r, hydro a nd wind) • Must b e e lig ib le to q ua lify a s a Cla ss I Re ne wa b le Pro je c t (CT PURA a pplic a tio n a nd a ppro va l pro c e ss) • Must c e rtify site c o ntro l (3 sig na ture s a nd a no ta ry re q uire d)

Year 3 Small ZREC Review • Pursua nt to Se c tio n 1.8 o f the Rule s a nd Pro c e ss fo r sub mitting Applic a tio ns fo r the Sma ll ZRE C T a riff, the Applic a tio ns tha t we re in the sta ndb y q ue ue e xpire d whe n the pro c ure me nt pla ns we re file d. E ve rso urc e : Ja nua ry 7, 2016 & UI : De c e mb e r 29, 2015 o • Ye a r 3 sta ndb y lists do no t c a rry fo rwa rd to Ye a r 4 Eversource UI ($80.97/REC) ($84.04/REC) # of Applicants 601 95 # of Executed Service 402 74 Agreements

Year 4 Small ZREC Current Status • UI : Ye a r 4 Me dium & L a rg e ZRE C RF P c o mple te d a nd a ppro ve d b y PURA • E ve rso urc e Ye a r 4 Me dium ZRE C RF P c o mple te d a nd a ppro ve d b y PURA, so me L a rg e ZRE C a nd L RE C c o ntra c ts pe nding a ppro va l • Sma ll ZRE C pric e s ha ve b e e n file d with PURA (We ig hte d Ave ra g e Me dium ZRE C pric e *10%) Pro po se d UI Ra te = $80.31/ RE C o Pro po se d E ve rso urc e Ra te = $82.58/ RE C o • Ye a r 4 Sma ll ZRE C T wo- We e k Window • will ope n a t 1:00pm E ST o n F rida y, F e b rua ry 12, 2016, • will c lose a t 1:00pm E ST o n F rida y, F e b rua ry 26, 2016

Key Program Documents • PURA’ s April 4, 2012 De c isio n in Do c ke t 11-12-06 • So lic ita tio n Pla n fo r L RE Cs a nd ZRE Cs • Pub lic Ac t 15-194 (Se c tio n 2(f)) • Sma ll ZRE C T a riff* • F o rm o f Se rvic e Ag re e me nt* • T e rms & Co nditio ns* * Spe c ific to e a c h Co mpa ny

K e y Program Documents (Continued) • Rule s a nd Pro c e ss fo r Sub mitting Applic a tio ns fo r Sma ll ZRE C T a riff • Que stio n a nd Answe r Do c ume nt (upda te d pe rio dic a lly) • F o r UI : Guide line s a nd I nstruc tio ns to fill o ut Applic a tio n fo r Sma ll ZRE C T a riff • F o r E ve rso urc e : Summa ry o f Re q uire d Applic a tio n I nfo rma tio n

Year 4 Small ZREC Budget Project Type Size Annual Budget REC Price Cap Small ZREC Up to 100 kW Approx. $2.7M Weighted average of the medium ZREC price + 10% up to $281.52/REC • E ve rso urc e ~ $2.13 M (+ a ny Yr 4 L / M & Yr 3 unc o mmitte d $) • UI ~ $533K (+ a ny Yr 4 L / M & Yr 3 unc o mmitte d $) • T he c o mpa nie s c a nno t a ntic ipa te the numb e r o f se le c te d pro je c ts due to pro je c t size va ria b ility

Sample Calculation for a Eversource Customer • E xa mple – 50 kW So la r Pro je c t fo r a n E ve rso urc e Custo me r • Ma ximum Annua l Qua ntity= 50 kW * 8760 Ho urs * 16.9% Ca p F a c to r * 1.05 / 1000 = 78 RE Cs o • Ma ximum Annua l Pa yme nts = $82.58/ RE C * 78 RE Cs/ ye a r ~ $6,441 o • Ma ximum T o ta l Pa yme nts o ve r 15 ye a rs ~ $96,619

Instructions for Application Submission and Contract Execution/Management L a ura Stilwe ll, E ve rso urc e Aa ro n Dub a uska s, E ve rso urc e

Step 1 How to apply for the Small ZREC Tariff Program

Key Changes from Year 3 Small ZREC Tariff • So la r Ca pa c ity F a c to rs o F ixe d T ilt o Sing le Axis o Dua l Axis • F o r E ve rso urc e : Yo u ma y no lo ng e r e dit a n Applic a tio n a fte r sub mitta l • F o r UI : Applic a tio n Ce rtific a tio n F o rms will no w b e a tta c he d to Pa g e 5 o f the Applic a tio n

Key Changes from Year 3 Small ZREC Tariff (cont.) • Se c tio n 2(f) o f Pub lic Ac t 15-194 - “Any c usto me r o f a n E le c tric Distrib utio n Co mpa ny tha t is e lig ib le fo r the re side ntia l so la r inve stme nt pro g ra m sha ll no t b e e lig ib le fo r sma ll ze ro -e missio n re ne wa b le e ne rg y c re dits pursua nt to se c tio n 16-244s.” o I f yo ur pro je c t q ua lifie s fo r the Co nne c tic ut Gre e n Ba nk's Re side ntia l So la r I nve stme nt Pro g ra m, it no lo ng e r q ua lifie s fo r the Sma ll ZRE C pro g ra m. o All re side ntia l a pplic a nts will b e re q uire d to sub mit a c o py o f the "I nc e ntive Applic a tio n De nie d" le tte r issue d b y the Co nne c tic ut Gre e n Ba nk a s a n a tta c hme nt to the ir Ye a r 4 Sma ll ZRE C a pplic a tio n. T he re fo re , if yo ur Sma ll ZRE C pro je c t is o r will b e a t a re side ntia l site (E ve rso urc e E le c tric ra te s 1, 5, o r 7, UI E le c tric ra te s R a nd RT ), yo u must first a pply to the Co nne c tic ut Gre e n Ba nk, a nd if de nie d, yo u must pro vide a PDF c o py o f yo ur "I nc e ntive Applic a tio n De nie d" le tte r a s a re q uire d a tta c hme nt during ste p 6/ 6 in the a pplic a tio n pro c e ss. Mo re info rma tio n o n the Co nne c tic ut Gre e n Ba nk's Re side ntia l So la r I nve stme nt Pro g ra m c a n b e o b ta ine d he re : http:/ / www.e ne rg ize c t.c o m/ yo ur-ho me / so lutio ns-list/ re side ntia l-so la r- inve stme nt-pro g ra m

Residential Applicants • Re side ntia l pro je c ts a re no t e lig ib le fo r the Sma ll ZRE C pro g ra m unle ss the y a re de nie d fro m the Co nne c tic ut Gre e n Ba nk • Pro je c ts tha t a re o r will b e Re side ntia l (E ve rso urc e ra te s 1, 5, 7, UI ra te s R, RT ) must first a pply to the CT Gre e n Ba nk Only pro je c ts tha t a re no t e lig ib le fo r the CT Gre e n Ba nk will q ua lify fo r the o Sma ll ZRE C pro g ra m I f de nie d b y CT Gre e n Ba nk, a c o py o f the “I nc e ntive Applic a tio n De nie d” o le tte r fro m the Gre e n Ba nk will b e re q uire d to b e sub mitte d a lo ng with the a pplic a tio n • Que stio ns: Co nta c t the CT Gre e n Ba nk via e ma il a t sma llso la r@ c tg re e nb a nk.c o m

CT Green Bank “Incentive Application Denied” Letter • E ve rso urc e : T his do c ume nt is re q uire d during ste p 6/ 6 o f the a pplic a tio n pro c e ss fo r a ll re side ntia l pro je c ts • UI : A .pdf file will ne e d to b e a tta c he d to Pa g e 5 o f the Applic a tio n fo r a ll re side ntia l pro je c ts