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HomeMy WebLinkAboutStaff Report 441-07City of Palo Alto City Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES DATE:DECEMBER 3, 2007 CMR: 441:07 SUBJECT:ADOPTION OF A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO AWARD AND SIGN CONTRACTS FOR SOLAR RENEWABLE ENERGY CREDITS PURCHASED FROM CITY OF PALO ALTO COMMERCIAL AND INDUSTRIAL ELECTRIC CUSTOMER SITES, WHERE THE TERM OF EACH CONTRACT DOES NOT EXCEED TWENTY YEARS AND THE AMOUNT OF EACH CONTRACT DOES NOT EXCEED $600,000 RECOMMENDATION Staff requests that the City Council authorize the City Manager to award and execute contracts for solar renewable energy credits purchased from solar electric generation located at City of Palo Alto Utilities electric customer sites, where the contract terms do not exceed 20 years and the contracted amounts do not exceed $600,000. BACKGROUND The City Manager currently has contract authority under Section _..~0.210 of the Municipal Code to award and sign: 1. Contracts for goods where the term does not exceed three years and the contract price does not exceed $250,000 per year; 2. General Services contracts where the term does not exceed three years and the contract price does not exceed $85,000 per year; 3.Wholesale commodities contracts where the term does not exceed three years and a contract price does not exceed $250,000 per year. Renewable Energy Credits (RECs) are recognized by the State for use in green power programs, and rules for qualifying to meet renewable portfolio targets are still being developed. The main CMR: 441:07 Page 1 of 4 idea behind RECs is to provide an additional funding mechanism to tip the scale from a project that is otherwise uneconomic, and therefore would not happen without the incremental revenue stl’ean~. The Electric Fund currently purchases Solar Renewable Energy Credits (SRECs) to meet the demand for the solar portion of its retail green power program, PaloAltoGreen, through a third- party contract with 3 Degrees, Inc. One SREC represents one MWh (1000 kWh) of electricity generated by a solar electric generation facility, usually photovoltaics. A SREC is a certificate associated with that generation, and is sold separately from the energy that is generated. Current demand for the solar portion of PaloAltoGreen is approximately $60,000 per year, projected to grow to $120,000 or more per year in the next three to five years as the program continues to grow. Approximately one-fourth of the current PaloAltoGreen solar requirements will be generated by the City-owned 220 kW Photovoltaic (PV) Demonstration projects that are nearing completion at the Baylands Interpretive Center, Municipal Service Center, and Cubberley Community Center. The remaining solar portion of PaloAltoGreen can be met with local solar resources if the City purchases SRECs from CPAU electric customers installing solar energy systems instead of from outside vendors. Doing so is anticipated to encourage deplo?qnent of large solar energy systems in town that otherwise will not take place, and would redirect current expenditures currently going elsewhere back into Palo Alto. Staff is recommending that Council delegate contract authority specifically for SRECs from solar electric generation located at qualifying CPAU electric customer sites. Delegating this authority to the City Manager will substantially shorten the lead time for large electric customers considering on-site solar electric generation, providing a degree of certainty in financial analysis of larger-scale solar alternatives. Longer term agreements of up to twenty years are necessary to adequately finance capital-intensive solar energy projects. DISCUSSION In order to minimize the administrative burden, only systems that exceed 100 kW are being considered initially, which is the same minimum size required to qualify for performance-based incentives in the PV Partners program. Performance-based incentives are paid over time based on power generated instead of up-front based on initial system size. The price offered to local customers shall be at or below the cost of outside vendor-supplied SRECs. CPAU currently pays $50/MWh for SRECs, and SREC prices are projected to vary between $30/MWh and $150/M in the future. Purchase of SRECs is straightforward, but does require that the seller meet certain contractual obligations. Key terms and seller responsibilities that are addressed in the form of agreement (Attachment C), or will be negotiated in a substantially similar form, are summarized in table form in Attachment B. Sale of SRECs relinquishes the seller’s rights to claim the environmental attributes of the project in published materials or public statements, which would instead be provided to CPAU, and in particular to the PaloAltoGreen program. PaloAltoGreen is "Green-e" certified by an independent non-profit organization, the Center for Resource Solutions, who has established national and reNonal standards for verifying green power programs and codes of conduct regarding the use of renewable energy credits. Palo Alto and its vendors already adhere CMR: 441:07 Page 2 of 4 to these standards, mad SREC providers will also be required to do so. The Green-e standards are publicly available from the Center for Resource Solutions. Staff anticipates additional SREC purchases will continue to become available to the City as applications for large PV systems are submitted to the PV Partners program. Staff intends to contract with qualifying CPAU electric customers on a first-come first-served basis with the same terms, up to the amount of SRECs needed for PaloAltoGreen. At the current subscription rate, the demand is sufficient to support a total of approximately 1,000 kW ofphotovoltaics. The first application for a system large enough to qualify has been submitted by Roche Palo Alto, with a proposed system size of 400 to 700 kW. The proposed system would be owned and operated by Solar Power Partners, located on Roche property. RESOURCE IMPACT Purchasing SPECs from local solar systems will redirect current City purchases of credits back into Palo Alto. The prices offered to local customers are at or below the cost of SRECs currently being supplied by outside vendors. The funding for annual SPEC purchases is included in the approved budget. If lump-sum, payments for long-term rights to SPECs will be made from Electric Supply Reselwe funds, repaid by PaloAltoGreen revenues over time. Should PaloAltoGreen no longer exist or cease use of SPECs, the agreements are designed to still qualify toward renewable energy supply targets, but could result in an adverse rate impact of up to 0.1 e/kWh (approximately $100,000 per year) if the SPECs were kept rather than sold by the City. POLICY IMPLICATIONS The proposed contract authority request supports the Council-approved Utilities Strategic Plan, Long-term Electric Acquisition Plan, and the Comprehensive Plan Goal N-9. The Council- approved Long term Electric Acquisition Plan ("LEAP," CMR: 169:06 and CMR: 158:07) directs staff to "promote and facilitate deployment of renewable resource supplies by providing expertise, education, incentives and rates to support customer-owned solar power systems, and demonstrating renewable generation technologies," and to "evaluate potential strategies to meet the solar portion of PaloAltoGreen with local solar resources." Solar energy plays an important role in achieving greenhouse gas reduction targets reflected in California Climate Action Team goals and AB32 (California Global Warming Solutions Act of 2006) and identified in the report to Council by the Mayor’s Green Ribbon Task Force, a Council priority for this year. ENVIRONMENTAL IMPACT The proposed contract authority request does not meet the definition of a project under the California Environmental Quality Act, pursuant to California Public Resources Code Section 21065, and, therefore, no environmental assessment is required. CMR: 441:07 Page 3 of 4 ATTACHMENTS A. Draft Resolution B. Table of Key Solar Renewable Energy Credit Agreement Terms C. Form of Ageement PREPARED BY: DEPARTMENT APPROVAL: CITY MANAGER APPROVAL: KARL E. KNAPP ~ Senior Resource Planner VALER.I_~ O. ~/0NG Director, Utilities ~ Assistant City Manager CMR: 441:07 Page 4 of 4 ATTACHMENT A NOT YET APPROVED RESOLUTION NO RESOLUTION OF THE COUNCIL OF THE CITY OF PALO ALTO TO AUTHORIZE THE CITY MANAGER ON BEHALF OF THE CITY TO AWARD AND SIGN CONTRACTS FOR SOLAR RENEWABLE ENERGY CREDITS PURCHASED FROM CITY OF PALO ALTO COMMERCIAL AND INDUSTRIAL ELECTRIC CUSTOMER SITES, WHERE THE TERM OF EACH CONTRACT DOES NOT EXCEED TWENTY YEARS AND THE AMOUNT OF EACH CONTRACT DOES NOT EXCEED $600,000 WHEREAS, the City of Palo Alto ("CITY") provides electric service to residential and commercial customers located within its jurisdictional boundaries; and WHEREAS, the Council approved green power program rate schedules in March 2003, establishing the PaloAltoGreen renewable energy program; and WHEREAS, the PaloAltoGreen program has achieved the highest participation rate of any green power program in the United States; and WHEREAS, the Council approved a set of energy portfolio planning guidelines in March 2007, among them, to promote and facilitate deployment of renewable resource supplies by providing expertise, education, incentives and rates to support customer-owned solar power systems, demonstrate renewable generation technologies, and to evaluate potential strategies to meet the solar portion of PaloAltoGreen with local solar resources; and WHEREAS, the Council adopted a Sustainability Policy in June 2007, to strive to be a sustainable community - one which meets its current needs without compromising the ability of future generations to meet their own needs; and WHEREAS, scientific consensus has developed that carbon dioxide and other greenhouse gases released into the atmosphere have a profound effect on the Earth’s climate; and WHEREAS, the California Global Warming Solutions Act of 2006 declares that global warming poses a serious threat to the economic well-being, public heath, natural resources, and the environment of California; and WHEREAS, local government actions taken to reduce greenhouse gas emissions and increase energy efficiency provide multiple local benefits by decreasing air pollution, creating jobs, reducing energy expenditures, and saving money for the local government, businesses, and residents; and WHEREAS, the Council selected climate protection as one of its four top priorities for 2007; 071126 syn6050284 NOT YET APPROVED NOW, THEREFORE, the Council of the City of Palo Alto does hereby RESOLVE, as follows: SECTION 1. The Council hereby authorizes the City Manager, on behalf of the City, to negotiate, execute and administer contracts for Solar Renewable Energy Credits purchased from City of Palo Alto Commercial and Industrial electric customer sites, where the term of each contract does not exceed twenty years and the amount of each contract does not exceed $6O0,0O0. SECTION 2. The Council finds that the adoption of this resolution does not meet the definition of a project under the California Environmental Quality Act, (CEQA), pursuant to California Public Resources Code Section 21065, and, therefore, no environmental assessment is required. INTRODUCED AND PASSED: AYES: NOES: AB SENTIONS: ABSENT: ATTEST:APPROVED: City Clerk APPROVED AS TO FORM: Mayor Deputy City Attorney City Manager Director of Utilities Director of Administrative Services 071126 syn6050284 ATTACHMENT B Table of Key Solar Renewable Energy Credit A~eement Terms Payment Options Maximum Term Attestation WREGIS Registration Verification Green-e Standards Photovoltaic Standards Required Submittals Default by Seller Exclusive Agreement (1) Lump sum ($) paid up-front for REC rights for the duration of the term of agreement; or (2) Volumetric ($/MWh) paid monthly or quarterly upon receipt of Attestation and accompanying invoice. Twenty years. Seller shall submit Green-e Renewable Generator registration form and attestation, or suitable equivalent substitute. The generation facility and all SRECs sold to City under this agreement shall be registered with WREGIS in accordance with WREGIS Operating Rules. WREGIS stands for "Western Renewable Energy Generation Information System", an independent, renewable energy tracking system for the region covered by the Western Electricity Coordinating Council (WECC). WREGIS tracks renewable energy generation and creates RECs. Subject to verification via direct reading of meter by City, electronic link to meter, or third party verification. Seller and City shall abide by Green-e Standard and associated Code of Conduct. Seller may claim that it is selling Renewable Energy Credits or renewable energy to the City, but shall not claim to be using the renewable energy on site. Seller must meet all PV Partners program requirements. Attestations and invoices for duration of contract Term. If lump sum, Seller shall repay prorated rebate to City, including interest. If volumetric, Seller shall pay 10% of the aggregate contract price to the City. Seller may not sell SRECs contemplated under the agreement to any other entity. ATTACHMENT C RENEWABLE ENERGY CERTIFICATE PURCHASE AND SALE AGREEMENT This Renewable Energy Certificate Purchase and Sale Agreement (the "Agreement") is made as of this __ day of ,2007 ("Effective Date"), by and between the CITY OF PALO ALTO, California, a chartered California municipal corporation with its primary business address at 250 Hamilton Avenue, Palo Alto California 94301 ("City" or "Buyer") and , with its primary business address at ("Seller"). RECITALS: Seller owns or will own a photovoltaic solar system ("the PV System") located at the address stated above. Seller’s primary business is not the generation of electricity for sale, retail or wholesale from the same address. Seller has the marketing rights to the Environmental Attributes to certain Renewable Resources generated by the PV System. The PV System creates certain characteristics that arise from the generation of electricity using a renewable energy source, referred to herein as Renewable Energy Credits or RECs. go Seller wishes to sell RECs, which are byproducts of the PV System, and Buyer wishes to buy such RECs from Seller. NOW, THEREFORE, in consideration of the recitals and the covenants, terms and conditions hereof, the Parties agree: AGREEMENT: 1. Term of Agreement. and shall remain in effect through (20) years. The term of this Agreement shall commence on , but in any event the term shall not exceed twenty 2. Def’mitions. As used in this Agreement, the following terms have the respective meanings set forth below, unless the context otherwise clearly indicates. Other capitalized terms are defined elsewhere in this Agreement. "Applicable Law" means all legally binding constitutions, treaties, statutes, laws, ordinances, rules, regulations, orders, interpretations, permits, judgments, decrees, injunctions, writs and orders of any Governmental Authority or arbitrator that apply to the Applicable Program or any one or both of the Parties or the terms hereof. 071126 syn6050283 "Applicable Program" means a domestic, international or foreign RPS, renewable energy, emissions reduction or Product Reporting Rights program, scheme or organization, adopted by a Governmental Authority or otherwise, or other similar program with respect to which exists a market, registry or reporting for particular Environmental Attributes. An Applicable Program includes any legislation or regulation concerned with renewable energy, oxides of nitrogen, sulfur, or carbon, with particulate matter, soot, or mercury, or implementing UNFCCC or crediting "early action" with a view thereto, or laws or regulations involving or administered by an Administrator, or under any present or future domestic, international or foreign RECs, Products, Environmental Attributes or emissions trading program. Applicable Programs do not include legislation providing for production tax credits or other direct third party subsidies for generation by a Renewable Energy Source. "Attestation Form" means a binding declaration by the Seller, which substantiates the accuracy of the RECs with regard to the generator name, the date of commencement of operation of the generator used to create the RECs, the location of the generator used to create the RECs, the type of fuel used to generate the electricity that produced the RECs, the quantity of RECs generated, and the date on which the RECs were generated. "Business Day" means any day except a Saturday, Sunday, or any day observed as a legal holiday by the City. "Certified Renewable Energy Source" means any energy source that is recognized under an applicable program as specified by the Parties. "Environmental Attribute" means an aspect, claim, characteristic or benefit associated with the generation of a quantity of electricity by a Renewable Energy Facility, other than the electric energy produced, and that is capable of being measured, verified or calculated. An Environmental Attribute may include one or more of the following identified with a particular megawatt hour of generation by a Renewable Energy Facility designated prior to Delivery: the Renewable Energy Facility’s use of a particular Renewable Energy Source, avoided NOx, SOx, CO2 or greenhouse gas emissions, avoided water use (but not water rights or other rights or credits obtained pursuant to requirements of Applicable Law in order to site and develop the Renewable Energy Facility itself) or as otherwise defined under an Applicable Program, or as agreed by the Parties. Environmental Attributes do not include production tax credits or other direct third-party subsidies for generation of electricity by any specified Renewable Energy Facility. "Governmental Authority" means any international, national, federal, provincial, state, municipal, county, regional or local government, administrative, judicial or regulatory entity operating under any Applicable Laws and includes any department, commission, bureau, board, administrative agency or regulatory body of any government. 071126 syn6050283 "Green-e" means an independent renewable energy certification and verification program, administered by the Center for Resource Solutions, a Section 501(c)3 nonprofit organization based in San Francisco, California. "Renewable Energy Credit" or "REC" means a certificate of proof, issued through the accounting system established by the Califomia Energy Commission pursuant to California Public Utilities Code Section 399.13, certifying that one unit of electricity was generated and delivered by an eligible renewable energy resource. A REC includes all rights, title and interest in and to the Environmental Attributes associated with the electricity generated from a Renewable Resource, including the REC Reporting Rights, as provided in California Public Utilities Code Section 399.12(g). One R~C represents the Environmental Attributes made available by the generation of one megawatt-hour "MWh" (equivalent to 1000 kilowatt-hours) of electricity from one or more Renewable Resources. "RECs" may also be referred to as "Renewable Energy Certificates", "Green Tags" and/or "Tradable Renewable Certificates" ("TRCs"). ’’Renewable Energy Facility" means an electric generation unit or other facility or installation that produces electric energy using a Renewable Energy Source. ’’Renewable Energy Source" means an energy source that is not fossil carbon- based, non-renewable or radioactive, and may include solar, wind, biomass, geothermal, landfill, gas, or wave, tidal and thermal ocean technologies, and includes a Certified Renewable Energy Source. "Renewable Portfolio Standard" or "RPS" means a state or federal law, rule or regulation that requires a stated amount or minimum proportion or quantity of electricity that is sold or used by specified persons to be generated from Renewable Energy Sources. "REC Reporting Rights" means the right to report to any agency, authority or other party, including, without limitation, under Section 1605(b) of the Energy Policy Act of 1992 (42 USC Section 13385), ownership of the Environmental Attributes associated with the REC. applicable. "Party" or "Parties" means Buyer and Seller, individually or collectively, as ’’Product Reporting Rights" means the exclusive right to report sole ownership of the Product to any Certification Authority, GIS, Administrator, Governmental Authority or other party, including under Section 1605(b) of the Energy Policy Act of 1992, or under any present or future Applicable Program. "Renewable Resource" means an electric power generator producing electric power from sun, wind, geothermal, biomass, low-impact hydro, and landfill gas and certified by the Center for Resource Solutions’ Green-e certification program or as agreed to, in writing, by Buyer. "WECC" means Western Electricity Coordinating Council, the western regional council of the North American Electric Reliability Council (NERC). 071126 syn6050283 "WREGIS" means the Renewable Energy Generation Information System, an independent, renewable energy tracking system for the region covered by the Western Electricity Coordinating Council (WECC). 3.REC Provisions. (a)Purchase and Sale: On the terms and subject to the conditions set forth in this Agreement, Seller agrees to sell and Buyer agrees to purchase all of Seller’s rights, title and interest in and to the RECs to be provided on the dates and otherwise as set forth on Exhibit A. Right to Sell and Associated Declarations. In selling the RECs to Buyer, Seller hereby represents and warrants that it transfers and sells to Buyer all present and future rights, title and interest of Seller in and to the Environmental Attributes as set forth in Exhibit A to the extent Seller will have such rights, rifle, and interest in and to such RECs under applicable law, and such transfer and sale to Buyer is not in violation of any applicable law at the time of such transfer and sale. Notwithstanding whether such RECs are transferable to Seller under any applicable law, Seller covenants that it has not and will not transfer any portion of the rights, title and interest in and to the RECs to a third party, RECs were not and will not be sold, marketed or otherwise claimed by a third party, RECs described in this Agreement will be sold once and only once, the renewable attributes or the electricity that was generated with the attributes was not used to meet any federal, state or local renewable energy requirement, renewable energy procurement, renewable portfolio standard, or other renewable energy mandate, and (v) the electrical energy that was generated with the attributes was not separately sold, separately marketed or otherwise separately represented as renewable energy by Seller or any other entity. Seller shall take such action as may be necessary to transfer and evidence the transfer of RECs to Buyer. Seller represents and warrants that it has exclusive rights to the title and interest in and to the RECs being transferred to Buyer hereunder and will transfer the same to Buyer on the dates provided in this Agreement. (c) (d) REC Contract Price. Buyer agrees to buy and Seller agrees to sell REC at a price in dollars per MWh as set forth in Exhibit A. REC Quantity. Seller will provide to Buyer RECs in the quantity as set forth in Exhibit A. (e)Monetary_ Value of This Transaction. Buyer agrees to pay a total of $ over the term of the Agreement for MWh of RECs as 071126 syn6050283 4 set forth in Exhibit A. The maximum monetary value of this transaction shall not exceed six hundred thousand dollars ($600,000). (f)Green-e Certification. Seller represents and warranties that it will provide to Buyer RECs that meet or exceed the requirements of the Center for Resource Solutions’ Green-e certification program, as amended from time to time and referenced in Exhibit B. If mutually agreed to by both parties in writing, Seller may provide to Buyer RECs that meet or exceed the requirements of an alternative accreditation program. (g)Reporting. (1)Seller shall be obligated to complete and provide to Buyer a signed copy of the Green-e Renewable Generator Registration Form ("Form") and Attestation (reference Exhibit B), or suitable equivalent substitute, quarterly, due by the 30th Business Day of the Month. Said Form shall designate for the previous calendar year; the quantity of RECs created in MWh by quarter; the location and name of the generator used to create the RECs; and the date the generator used to create the RECs began operation. (2)Buyer reserves the right to withhold Buyer’s monthly payment for REC purchase until such forms are property submitted. If Buyer has pre-paid for its REC purchase, damages for breach of this provision shall consist of repayment by Seller of the pro-rata share of the rebate and REC payment made to Seller under this Agreement. (h)PV Partners Program Compliance. Seller must meet all PV Partners Program requirements (as set forth in Exhibit C). (i)WREGIS Re,~stration. The generation facility and all RECs sold to Buyer under this Agreement shall be registered with WREGIS in accordance with WREGIS Operating Rules, dated June 4, 2007, or as subsequently amended or modified or replaced. Seller assumes all costs of WREGIS registration and submittals. Verification. Buyer reserves the right to verify that the PV System is functioning in good working order via direct reading of meter by Buyer, electronic link to the meter, or independent third party verification. (k)Maintenance of Photovoltaic System. Seller shall maintain the PV System and its individual components in good working order at all times during the term of this Agreement. If, during the term of this Agreement, the PV System or any of its individual components shall become damaged or destroyed, Seller shall promptly repair or replace the equipment to its original specifications, tilt and orientation at Seller’s sole expense. 071126 syn6050283 5 Billing (c) and Terms of Payment. Billing. On or about the day of each month, Seller will provide invoice to Buyer in the amount of $.per Terms of Payment. The terms of payment shall be net thirty (30) days after the date Buyer receives a properly prepared and accurate invoice sent to the Buyer’s address, which shall include at a minimum: (1)Seller’s complete name and remit to address; (2)"bill to" stating applicable Buyer entity; (3)Material purchased; (4)Price and billing units consistent with Exhibit A of this Agreement; (5)Quantity; (6)Seller’s invoice number; (7)invoice date; (8)total monetary amount; (9)terms of payment, including any applicable discount calculations; (10)tax amount/rate information. Payment may be made by check or wire transfer. Payment by check shall be considered made when post-marked by the U.S. Postal Service. Payment may be made by check or wire. Payment by check shall be considered made when post-marked by the U.S. Postal Service. Buyer agrees to send its payment to: Address: Attention: 5.Events of Default. The occurrence of any of the following shall constitute an Event of Default with respect to a Party: (a)the failure of the Buyer to make any payment required pursuant to this Agreement, if such failure is not remedied within five (5) business days after written notice, provided that if the Buyer, in good faith, disputes all or any portion of the fee, the Buyer shall pay only that portion of the fee that it does not dispute; 071126 syn6050283 6 (b) (c) (d) (e) the failure of the Seller to deliver RECs when due pursuant to this Agreement, if such failure is not remedied within five (5) business days after written notice to the affected Party; any representation or warranty provided by Seller herein that shall prove to have been false or misleading in any material respect when made or when made or repeated; the failure by a Party to perform any covenant or agreement set forth in this Agreement (other than its obligations to make any payment or obligations which are otherwise specifically covered as a separate Event of Default), and such failure is not cured within fifteen (15) business days after written notice thereof to the affected Party; or the filing of a petition in bankruptcy or a petition for reorganization or other arrangement relating to the bankruptcy, insolvency, or receivership of the Seller and/or its assets, unless the same is dismissed within one hundred eighty (180) days of the filing thereof. 071126 ssm6050283 Remedies for Default (a)If an Event of Default occurs with respect to either Party at any time during the term of this Agreement, the non-defaulting Party may (i) terminate this Agreement pursuant to Article 7, (ii) withhold any payments due in respect of this Agreement to the extent of its damages and (iii) exercise such other remedies as may be available at law or in equity or as otherwise provided in this Agreement. Co)Buyer’s Liability. In the event Buyer causes or suffers an Event of Default and Seller elects to terminate this Agreement, then notwithstanding termination hereof, Buyer shall be obligated to pay Seller temaination damages equal to the price for any RECs delivered to Buyer for which Seller has not been paid. (c)Seller’s Liability. In the event Seller causes or suffers an Event of Default and Buyer elects to terminate this Agreement, then notwithstanding termination hereof, (i) Seller shall be obligated to pay Buyer termination damages equal to the sum of the price for any RECs already prepaid which have not been delivered to Buyer, if any, plus interest at a rate of 12% per year or the maximum rate allowed by law, (ii) or if no RECs have been prepaid, Seller shall pay 10% of the aggregate price of the remaining undelivered RECs, as set forth on Exhibit A. (d)No Penalty. Both Parties hereby stipulate that the obligations to pay damages set forth above represent liquidated damages, are not assessed as a penalty, and are reasonable in light of the anticipated harm and the difficulty of estimation or calculation of actual damages. As such, each Party hereby waives the right to contest such payments as an unreasonable penalty. 7.Termination. This Agreement may be amended or terminated by mutual agreement of the Parties at any time. Either Party shall also have the right to terminate its participation in this Agreement, if the other Party is found to be in material breach of any of its obligations hereunder, and if such breach is not cured within fifteen (15) days of written notice of the default. 8.Indemnification. (a)Indemnification of Buyer: To the fullest extent permitted by law, Seller agrees to protect, defend, hold harmless and indemnify Buyer, its City Council, commissioners, officers, employees, volunteers and agents from and against any claim, injury, liability, loss, cost, and/or expense or damage, including all costs and reasonable attorney’s fees in providing a defense to any claim arising therefrom, for which Buyer shall become liable arising from Seller’s negligent, reckless or wrongful acts, errors, or omissions with respect to or in any way connected with the maintenance, assistance and services performed by Seller pursuant to this Agreement, except for claims, liabilities and damages caused by the Buyer’s sole negligence or willful misconduct. Co)Indemnification of Seller: To the fullest extent permitted by law, Buyer agrees to protect, defend, hold harmless and indemnify Seller, its board of directors, officers, employees, volunteers and agents from and against any claim, injury, liability, loss, cost, and/or expense or damage, including all costs and reasonable attorney’s fees in providing a defense to any claim arising therefrom, for which Seller shall become liable arising from Buyer’s negligent, reckless or wrongful acts, errors, or omissions with respect to or in any way connected with the maintenance, assistance and services performed by Buyer pursuant to this Agreement, except for claims, liabilities and damages caused by the Seller’s sole negligence or willful misconduct. 9.Relationship of the Parties. The relationship of the Parties under this Agreement is that of independent contractors. The Parties specifically state their intention that this Agreement is not intended to create a partnership or any other co-owned enterprise unless specifically agreed to by the Parties in a separate written instrument. Except as specifically provided herein, each Party shall continue to have the right to contract independent of the other Party with individuals and entities. Each Party shall be responsible for its own operating expenses and personnel expenses. 071126 syn6050283 10.Taxes. Seller is liable for and shall pay or cause to be paid all taxes applicable to or arising out of the transactions contemplated in this Agreement. 11. Notices. All notices required or permitted to be given hereunder in writing shall, unless expressly provided otherwise, be in writing, properly addressed, postage pre-pald and delivered by hand, facsimile, certified or registered mail, courier or electronic messaging system to the appropriate address as either Party may designate from time to time by providing notice thereof to the other Party. If to Buyer:If to Seller: Address: 250 Hamilton Ave. Palo Alto, CA 94301 Attention: City Clerk Phone: 650-329-2571 Fax: 650-328-3631 Address: Attention: Phone: Fax: With a copy to: Address: 250 Hamilton Ave. Palo Alto, CA 94301 Attention: Director of Utilities Phone: 650-329-2277 Fax:650-329-2154 Notices delivered by facsimile or by an electronic messaging system shall require confirmation through a reply facsimile or electronic message. 12.Publicity and Disclosure. Seller shall not use the name, tradename, trademarks, service marks of or owned by Buyer, or logos of Buyer in any publicity releases, news releases, annual reports, product packaging, signage, stationery, print literature, advertising, websites or other media without securing the prior written approval of Buyer. Seller shall not, without prior written consent of Buyer, represent, directly or indirectly, that any product or service offered by Seller has been approved or endorsed by Buyer. Seller agrees that Buyer may make oral and written reports and other communications regarding this Agreement to the Palo Alto City Manager, City Council and other public officials, which reports and communications will be public reports and communications. 071126 syn6050283 13. Nondiscrimination. As set forth in Palo Alto Municipal Code section 2.30.510, Seller agrees that in the performance of this Agreement, it shall not discriminate in the employment of any person because of the race, skin color, gender, age, religion, disability, national origin, ancestry, sexual orientation, housing status, marital status, familial status, weight or height of such person. Seller acknowledges that it has read and understands the provisions of Chapter 2.28 of the Palo Alto Municipal Code relating to Nondiscrimination Requirements and the penalties for violation thereof, and agrees to meet all requirements of Chapter 2.28 pertaining to nondiscrimination in employment, including completing the form furnished by Buyer and set forth in Exhibit D. 16.Miscellaneous. (a)Representations and Warranties. (1)Each Party represents and warrants that the execution and performance of this Agreement does not conflict with or result in a breach of any other agreement to which it is a Party. (2)Each Party represents and warrants that it is duly organized, validly existing and in good standing under the laws of a state of the United States of America. (3)Each Party represents and warrants that it has full power and authority to make, execute, deliver and perform this Agreement. (4)Each Party represents and warrants that is will abide by Green-e Standard v. 1.4 or as amended. 17. Choice of Law. The laws of the State of California shall be applied and be controlling for all pul~oses and all matters relating to this Agreement. In the event that an action is brought, the Parties agree that trial of such action will be vested exclusively in the state courts of California or in the United States District Court for the Northern District of California in the County of Santa Clara, State of California. 18. Entire Agreement. This Agreement constitutes the entire agreement between the Parties relating to the subject matter hereof and supersedes all prior agreements, understandings, negotiations, whether oral or written, of the Parties. 19. Amendments. Except to the extent herein provided, no amendment, supplement, modification, termination or waiver of this Agreement shall be enforceable unless executed in writing by the Party to be bound thereby. 20. Assignment. This Agreement is binding on any successors and assigns of the Parties. Neither Party may otherwise transfer or assign this Agreement, in whole or in part, without the other Party’s written consent. Such consent shall not be unreasonably withheld. 071126 syn6050283 10 21. Non-Waiver; No Third Party Beneficiaries. No waiver by any Party of any of its rights with respect to the other Party or with respect to this Agreement or any matter or default arising in connection with this Agreement, shall be construed as a waiver of any other right, matter or default. Any waiver shall be in writing signed by the waiving Party. No payment, partial payment, acceptance or partial acceptance by Buyer will operate as a waiver on the part of the Buyer of any of its rights under the Agreement. This Agreement is made and entered into for the sole benefit of the Parties, and their permitted successors and assigns, and no other Person shall be a direct or indirect legal beneficiary of, have any rights under, or have any direct or indirect cause of action or claim in connection with this Agreement. 22. Severabilitv. In the event that any provision of the Agreement shall be found to be void or unenforceable, such findings shall not be construed to render any other provision of the Agreement either void or unenforceable, and all other provisions shall remain in full force and effect unless the provisions which are void or unenforceable shall substantially affect the rights or obligations granted to or undertaken by either Party. 23. Force Maieure. Neither Party shall be liable in any respect for failure or delay in the fulfillment or performance of this Agreement, if performance is hindered or prevented, directly or indirectly by war, public emergency or calamity, fire, earthquake, Acts of God, strikes, labor disturbance or actions, civil disturbances or riots, litigation brought by third parties against the Parties, or any act of a superior governmental authority or court order. Force Majeure may not be based on Seller’s ability to sell RECs to another at a price greater than the purchase price. 24. Compliance with Law. Each Party will comply with all lawful federal, state and local laws, ordinances, resolutions, rate schedules, rules and regulations that may affect its rights and obligations under the Agreement. 25. Fiscal Provisions. This Agreement is subject to the fiscal provisions of the Charter of the City of Palo Alto and the Palo Alto Municipal Code. The Agreement will terminate without any penalty (i) at the end of any fiscal year in the event that funds are not appropriated for the following fiscal year, or (ii) at any time within a fiscal year in the event that funds are only appropriated for a portion of the fiscal years and funds for the City’s obligations are no longer made available. This provision will take precedence in the event of a conflict with any other term or condition of the Agreement. // // // // // // 071126 syn6050283 11 IN WITNESS WHEREOF, each of the Parties hereto acknowledge that they have read the terms and conditions contained herein, understand and agree to the same and agree to be bound thereby and have caused this Agreement to be executed in duplicate originals by its duly authorized representative on the respective dates entered below. CITY OF PALO ALTO ("PURCHASER")("SELLER") City Manager APPROVED AS TO FORM: Senior Asst. City Attorney APPROVED: By: Name: Title: Taxpayer Identification No. Director of Administrative Services Director of Utilities 071126 syn6050283 12 EXHIBIT A: Renewable Energy Credit (REC) Provision Details SELLER:BUYER: Ciw of Palo Alto 1. Term (years): 1.1. Star~ Date: 1.2. End Date: 2. Attestation and Invoice (if Volumetric3 Schedule: (check one) Submitted: [] Monthly [] Quarterly 3. Project Description: 3.1. [] Attach copy of PV Partners Approved Claim Form and Application 3.2. Estimated Rated Capacity:(kWAc, rounded to nearest whole k~V) 3.3. Verified Capacity:(k:WAC, rounded to nearest whole kW) 3.4. Estimated _Annual Production ~A~): __ (M~VhAc per year to nearest tenth) 4.CEC Registration Information: Provided by Seller upon Registration with California Energy Commission (CEC) 4.1. CEC ID: 5. WREGIS Registration Information: (Provided by Seller upon Registration with WREGIS) 5.1. Primav Account Holder (AH}: 5.2. Qualified Reporting Entity (QEE): 5.3. Generating Unit (GU): 5.4. GU Reporting Entity Classification (A-J): 5.5. [] Attach copy of execrated Wt~GIS Account Holder A~eement 5.6 Proof of WREGIS Intra-Accoumt T~amsfer to City Account shall accompany each Invoice. 5.7.Procedures for completing W~GIS RECC transfers shall be developed in good faith by Seller and Buyer, and amended in accordance with WREGIS Operating Rules. 6. Contract Price: (Check one and enter Price): 6.1 [] Lump Sum: Price 6.2 [] Volumetric: Price $/MWEAC 071127 syn 6050287 7. Payment Calculation: (use only one based on Contract Price selection) 7.1. Lump Sum Payment 7.1.1. Lump Sum (estimate): Price * Estimated Rated Capacity = 7.!.2. Lump Sum (fin!l):Price * Verified Capacity = $ 7.2. Volumetric Payment 7.2.!. Volumetric (estimate): Price * EAP * Term = $ 7.2.2.Buyer agrees to pay a tota! ors over the term of the Agreement for MWh of RECs. 8. Project Construction Schedule (if Applicable): 8.1. Estimated Completion Date: 9. Estimated REC Generation Schedule: Generating Unit Delivery date (Month/Year) Januaa.w February March April May June July August September October November December Quanti~ (MWh) Rounded to nearest tenth 071127 syn 6050287 2 EXHIBIT B GREEN-E CUSTOMER-SITED SOLAR RENEWABLE GENERATOR REGISTRATION FORM AND ATTESTATION I. Facility information Name of Generation Facility ("Facility"): Company or Person that Owns Facility ("Seller"): Address of Facility: North American Electricity Reliability Corporation (NERC) region in which Facility is located: __WECC__ Facility ID Number1: Date Facility was First Operational: Contact Person: Telephone: EIA or QF? (circle one) / / Nameplate Capacity (MW): Title: Email Address: List the renewable MWhs generated in each quarter and sold or transferred to purchaser identified below as a separate line item. Solar Electric 1 Enter Energy Information Administration (EIA) identification number for the generating facility; if no EIA number, enter the utility-assigned Qualifying Facility (QF) identification number. If not applicable, enter NIA July 2007 Green-e Renewable Generator Registration Form and Attestation Page 1 of 3 Declaration I, (print name and title), declare that the renewable attributes only listed above were sold exclusively from Seller to the City of Palo Alto ("Purchaser"). I further declare that: t ) all the renewable attributes (including CO2 benefits), including any emissions offsets, reductions or claims, represented by the renewable electricity generation listed above were transferred to Purchaser; 2) to the best of my knowledge, the renewable attributes were not sold, marketed or otherwise claimed by a third party other than Purchaser; 3) Seller sold the renewable attributes only once; 4) the renewable attributes or the electricity that was generated with the attributes was not used to meet any federal, state or local renewable energy requirement, renewable energy procurement, renewable portfolio standard, or other renewable energy mandate by Seller, nor to the best of my knowledge, by any other entity other than Purchaser;3 5) the renewable electricity sold or electricity associated with the attributes sold was not used on-site for powering electric generation equipment (parasitic load); 6) for on-site generation, the renewable power was used to offset purchases of power from the retail utility service provider; 7) if Purchaser is receiving electricity bundled with renewable attributes from Seller, the renewable electricity was 8) the electricity that was generated with the attributes was not separately sold, separately marketed or otherwise separately represented as renewable energy by Seller, or, to the best of my knowledge, any other entity other than Purchaser. Please indicate the following: Is Facility owner reporting its direct greenhouse gas emissions in a legally binding cap and trade program for the time period of generation listed on this form? ~Yes;~ list the cap and trade program: ~No If Seller is providing only RECs to Purchaser and selling the associated electricity to a utility or load-serving entity, please write the name of the utility or load-serving entity here: Check box if sale is part of a Qualifying Facility (QF) Facility 3 Renewable attributes used by Purchaser for any of the purposes listed in 4) are ineligible for Green-e certification.4 In this case the renewable energy or RECs reported on this form may be ineligible for Green-e certification. For more information, contact Green-e Staff at 415-561-2100. July 2007 Green-e Renewable Generator Registration Form and Attestation Page 2 of 3 This serves as a bill of sale, transferring from to Customer all of Seller’s right, title and interest in and to the Environmental Attributes and Renewable Energy Credits associated with the generation of the energy for delivery to the grid. As an authorized agent of Seller, I attest that the above statements are true and correct. Signature Date Place of Execution This Form is used by the Center for Resource Solutions to verify the accuracy of claims made by retail marketers. "]’lie information on this form is held strictly confidential and will not be shared with any other party except in aggregate form. July 2007 Green-e Renewable Generator Registration Form and Attestation Page 3 of 3 EXHIBIT C CITY OF PALO ALTO UTILITIES PV PARTNERS PROGRAM 2007 GUIDEBOOK Effective 7/1/07-6/30/08 DRAFT PV Partners 2007 Guidebook 6/25/2007 Program Goals ............................................................................................................................................3 Program Eligibility and Requirements ......................................................................................................3 Applicant ....................................................................................................................................................3 System Equipment ....................................................................................................................................3 System Size ...............................................................................................................................................3 Energy Efficiency .......................................................................................................................................4 Shading Analysis .......................................................................................................................................4 Annual Energy Production .........................................................................................................................4 Warranty ....................................................................................................................................................4 Performance and Permanency ..................................................................................................................5 Metering and Data Collection ............: .......................................................................................................5 Site Inspections and System Verification ..................................................................................................5 Incentive Structure ......................................................................................................................................5 Incentive Tables ........................................................................................................................................6 Capacity Based Incentives ........................................................................................................................8 Performance Based Incentives .................................................................................................................8 Non-Profit and Government Entities ..........................................................................................................8 Project Costs .............................................................................................................................................8 Application process ....................................................................................................................................8 Application Attachments ............................................................................................................................9 Incentive Payments ...................................................................................................................................9 System Changes Affecting Incentive Amount ...........................................................................................9 Permits and Interconnection ......................................................................................................................9 Net Metering ................................................................................................................................................9 Contact Information ..................................................................................................................................10 Page 2 of 10 DRAFT PV Partners 2007 Guidebook 6/25/2007 Program Goals The City of Palo Alto Utilities (CPAU) has offered incentives to encourage the installation of solar photovoltaic (PV) systems since 1999. The California Million Solar Roofs Bill (SB1, August 2006) requires an expanded funding commitment by all California electric utilities, with a statewide goal to add 3,000 MW of new PV systems over ten years. CPAU’s PV Partners Program is designed to encourage high-quality photovoltaic installations on CPAU customers’ premises in support of the Million Solar Roofs goals. CPAU’s PV Partners Program budget is approximately $13 million over ten years. The total budget is divided into ten steps, each funded at $1.3 million. Each step is allocated across four customer and rate classes: residential on E1 ($221,000), small commercial on E2 and E4 ($507,000), large commercial on E7 ($442,000), and non-profit/public sector, ($130,000). The rebate levels will decrease over time per SB1 requirements. Program Eligibility and Requirements Applicant The PV Partners Program is available to retail electric distribution customers of City of Palo Alto Utilities (CPAU). The Host Customer must be the utility customer of record at the location where the generating equipment will be located. The System Owner may be the Host Customer, or third party, if the system is leased. The PV Partners Program Applicant may be the Host Customer, or System Owner, or their assigned designee. VVhile the Applicant is the primary contact for the PV Partners application process, the legal party to the Program agreement is the Host Customer and/or System Owner. To be eligible for an incentive, the Applicant must receive a confirmed reservation notice letter from CPAU prior to the Applicant receiving final interconnection authorization. If a project cancels due to not meeting the reservation period, they must reapply to the PV Partners Program prior to receiving a final interconnection authorization. If a Host Customer ceases to be a retail electric distribution customer of CPAU, the designated rebate recipient will not be eligible to receive any remaining unpaid incentive payments. Installer All systems must be installed by appropriately licensed California contractors in accordance with rules and regulations adopted by the State of California Contractors State Licensing Board (CSLB). Installation contractors must have an active A, B, or C-10 license, or a C-46 license for photovoltaic (PV) systems. Although not required, installation contractors are encouraged to become certified by the North American Board of Certified Energy Practitioners (NABCEP). For additional information on NABCEP, refer to www.nabcep.or.q. CPAU also recommends that the installer be registered with FindSolar.com and meet the pre-screening criteria. In all cases, systems must be installed in conformance with the manufacturers’ specifications and all applicable electrical and building codes and standards. System Equipment All major system components (panels and inverters) must be listed on the California Energy Commission’s (CEC) Eligible Equipment List1 and must be new and not been previously placed in service in any other location or for any other application. Rebuilt, refurbished, or relocated equipment is not eligible for a PV Partners incentive. This list is continuously updated by the CEC. System Size There is no minimum size requirement for a PV Partners rebate. The maximum PV Partners incentive is capped at 1,000 kilowattsAc (1 MW). ~ http://www.consumerenergycenter.orglerprebatelequipment.html Page 3 of 10 DRAFT PV Partners 2007 Guidebook 6/25/2007 To be eligible, the system must be sized so that the amount of electricity produced by the system primarily offsets part or all of the customer’s electrical needs at the site of installation. The Applicant must show evidence of the system sizing with the submittal of the initial application. The expected production of electricity by the system may not exceed the actual energy consumed during the previous 12 months at the site, as calculated per this formula: Maximum System Capacity (kWAc) = Previous 12 months electric usage (kWh/year) / 1577 (hours/year). In the case of Applicants with new or expanded sites where no electric bill or where the existing electric bill does not reflect the Applicant’s expected expanded consumption, the Applicant must include an engineering estimate. The engineering estimate must include the appropriate substantiation of the forecast of the Host Customer site’s annual energy use (in kWh) if the generating system size is based on future load growth, including new construction, load growth due to site expansion, or other load growth circumstances. Suggested methods of demonstrating load growth include an Electric Load Sheet2 with corresponding equipment schedules and single-line diagram; building simulation program reports such as eQUEST, EnergyPro, DOE-2, and VisualDOE; or detailed engineering calculations. Energy Efficiency For residential sites, the Host Customer must include the Residential Efficiency Checklist along with the PV Partners App_lication. It is also recommended that the Host Customer use the CPAU On-Line Home Enerqy Analysis3 tool and implement efficiency measures where appropriate. For commercial sites, the Host Customer should consider having an energy efficiency study prior to installing a PV system. The Consultant Assistance for Resource Efficiency (CARE) program may provide assistance or incentives for your energy study.4 Shadinq Analysis A system is considered to have minimal shading if no obstruction is closer than a distance of twice the height. Obstructions include any roof equipment, neighboring trees, poles, buildings, or other objects. Landscaping should be evaluated at the expected mature height, tf there are obstructions, then a shading analysis is required. Submittals may include a table showing distance to height ratios per orientation, photo of a Solar Pathfinder, or printouts from the Pathfinder Assistant, or Solmetric SunEye. Shading results shall be used to estimate the annual energy production. Rebates are not reduced due to shading results, but CPAU strongly recommends minimizing any shading of the PV modules during mid- day hours. Annual Enerqy Production The annual energy production shall be estimated using the Expected Performance Based Buydown 5(EPBB) Calculator. Use Zip code = 94303, Utility = PG&E, and the appropriate Customer type. While the PV Partners rebate is not reduced for a design factor, all applications shall use the same methodology for estimating energy production Warranty All systems must have a minimum 10-year warranty provided in combination by the manufacturer and installer to protect the purchaser against defective workmanship, system or component breakdown, or degradation in electrical output of more than fifteen percent from their originally rated electrical output during the 10-year period. The warranty must cover the solar generating system only, including PV modules (panels) and inverters, and provide for no-cost repair or replacement of the system or system components, including any associated labor during the warranty period. 2 http:~~www~cit¥~fpa~~a~t~~~rq~p~anninq-c~mmunit¥~d~cuments/L~adsheet-~~NGLE-FAM~LY-RES~pdf 3 http://www.cpau.comlmyutilitiesaccountlenerqyanalysis~ndex.html 4 To qualify for CARE program incentives, check with your CPAU Commercial Account Representative, 6,50) 329-2241. http://www.csi-epbb.coml Page 4 of 10 DRAFT PV Partners 2007 Guidebook 6/25/2007 Performance and Permanency Equipment is intended to be in place for the duration of its useful life. Only permanently installed systems are eligible for incentives. This means that the PV system must demonstrate adequate assurances of both physical and contractual permanence prior to receiving an incentive. Physical permanence is to be demonstrated in accordance with industry practice for permanently installed equipment. Equipment must be secured to a permanent surface. Any indication of portability, including, but not limited to, temporary structures, quick disconnects, unsecured equipment, wheels, carrying handles, dolly, trailer, or platform, will deem the system ineligible. Meterinq and Data Collection The PV Partners Program requires accurate solar production meters for all projects that receive incentives. These meters are separate from the billing meter used for net energy metering. For systems less than 100 kWAc, meter accuracy of +5% is required. Some inverters have a performance meter included which meets this.requirement. If not, a separate meter is required to measure PV energy production. All meters must be listed on the CEC’s Eli.qible Meters list for the PV Partners Program. For systems 100 kWAc and larger, a revenue grade meter (.+.2%) is required with remote communications capability. The meter shall be tested to all applicable ANSI C-12 testing protocols and shall have Interval Data Recording (15 minutes or less). The system Seller or Installer must retain and provide the System Owner and CPAU with remote access to 15 minute average data for a minimum of five years. Monthly System energy production data shall be reported to CPAU for calculation of the performance based incentive. The Production Data Provider may be the System Owner, Seller, or a designated third party. All program participants must allow access to the PV production meter for testing, inspection, or data collection. Installers are encouraged to locate PV production meters in an easily accessible area. Site Inspections and System Verification To be eligible for PV Partners Program incentives, all Applicants, Host Customers, and System Owners must agree to provide CPAU, and/or third parties contracted by CPAU, access to the site and any available data and information collected on the system for a period up to 10 years. CPAU will conduct system inspection visits in order to verify that the project is installed as represented in the application, is operational, interconnected and conforms to the eligibility criteria of the PV Partners Program. CPAU reserves the right to disqualify installers from future program participation for failed inspections due to gross negligence, fraud, or uncorrected mechanical failures within 60 days. Incentive Structure For PV systems under 100 kilowatts (kW~c), the rebate is paid based on system capacity, measured in watts. Rebate values for step one are $3.00 per watt for residential and commerdal customers. Because non-profit and public sector customers aren’t eligible for the 30% federal solar investment tax credit (ITC), the rebate value for step one is $3.75 per watt. For systems 100 kW~c, and above, the rebate is paid over a five-year period, based on measured system energy production (kilowatt-hours). The performance-based incentive (PBI) is fixed for each applicant, over the entire five-year term. A project is counted toward each step’s kW trigger once the application is deemed eligible and has been issued a confirmed reservation. As the number of kilowatts allocated through the confirmed reservations 6 http:flwww.consumerenerqycenter.orq/c.qi-bin/eli.qible meters.cqi Page 5 of 10 DRAFT PV Partners 2007 Guidebook 6/25/2007 reaches its maximum within any particular step, CPAU wil! move to the next step. If there are any kilowatts that remain unused in a previous step due to events such as Applicants dropping out of the process, those kilowatts will be added to the current step. If the total applications received on the same day exceed the available kilowatts of the current step, all of the applications for that day will receive the same rebate level. The rebate shall be prorated across the appropriate steps. Incentive Tables 3.00 2.80 2.60 2.40 2.20 2.00 1.80 1.60 1.40 1.20 Step 1 2 3 4 5 6 7 8 9 10 TOTAL $ $ $ $ $ $ $ $ $ $ $ 222,000 221,200 221,000 220,800 220,000 222,000 221,400 220,800 221,200 220,800 2,211,200 74 79 85 92 100 111 123 138 158 184 1,144 1 2 3 4 5 6 7 8 9 10 TOTAL $ $ $ $ S $ $ S $ $ S 507,000 506,800 507,000 506,400 506,000 508,000 507,600 507,200 506,800 507,600 5,070,400 $ $ $ $ $ $ $ $ $ $ 3.00 2.80 2.60 2.40 2.20 2.00 1.80 1.60 1.40 1.20 169 181 195 211 230 254 282 317 362 423 2,624 Page 6 of!0 DRAFT PV Partners 2007 Guidebook 6/25/2007 Step 1 2 3 4 5 6 7 8 9 10 TOTAL Budget (S) $ 441,000 $ 442,400 $ 442,000 $ 441,600 $ 442,200 $ 442,000 $ 442,800 $ 441,600 $ 442,400 $ 441,600 $ 4,419,600 Rebate (S/Watt) $3.00 $2.80 $2.60 $2.40 $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 kW available 147 158 170 184 201 221 246 276 316 368 2,287 Step 1 2 3 4 5 6 7 8 9 10 TOTAL Budget (S) $131,250 $131,350 $130,650 $129,150 $129,800 $129,250 $ 130,050 $ 129,250 $ 129,150 $ 129,200 $ 1,299,100 Rebate (S/Watt) $3.75 $3.55 $3.35 $3.15 $2.95 $2.75 $2.55 $2.35 $2.05 $1.70 kW available 35 37 39 41 44 47 51 55 63 76 489 Step Small Commercial Large Commercial Non-Profit/Public 1 $0.38 $0.38 $0.47 2 $0.35 I $0.35 $0.44 3 $0.33 i $0.33 $0.41 4 $0.30 $0.30 $0.38 5 S 0.28 S 0.28 S 0.35 6 S 0.25 ! S 0.25 S 0.31 7 $0.23 $0.23 $0.28 8 $0.20 $0.20 $0.25 g $0.18 $0.18 $0.22 10 $0.15 $0.15 $0.19 Page 7 of 10 DRAFT PV Partners 2007 Guidebook 6/25/2007 Capacity Based Incentives For all systems under 100 kWAc, the rebate will be calculated based on the CEC System Rating in wattsAc, per this formula: CEC System Rating (watts~c)= Quantity of Modules x CEC Rating of Photovoltaic Modules (watts/module) x CEC Inverter Efficiency Rating (%) Performance Based Incentives For systems 100 kWAc and greater, the incentive is paid monthly over a 5-year term, based on the actual energy produced, measured in kilowatt-hours, as measured by the production meter. Monthly production data shall be provided by the System Owner, Host Customer, or a designated third party. Production Data Providers may be the Seller or Installer. The monthly production data shall be reported every 30 days in the electronic format specified by CPAU. Non-Profit and Government Entities Government and non-profit entities will be required to submit verification of their tax-exempt status to receive this incentive amount and shall certify that the system will not receive any federal tax benefits through financial arrangements for the entire warranty period of the system (i.e., the System Owner if a third party, which will be receiving tax benefits from the system). Proiect Costs No project can receive total incentives (incentives from the PV Partners Program combined with other programs) that exceed total eligible project costs. The Applicant must submit project cost details to report total eligible project costs and to ensure that total incentives do not exceed out-of-pocket expenses for the System Owner. Total eligible project costs cover the solar system and its ancillary equipment. For large, multifaceted projects where the solar system costs are embedded, applications must include a prorated estimate of the total eligible costs for the solar system. CPAU has the right to conduct an audit of all relevant PV system project costs. Application process The reservation period for all projects is 12 months. The Applicant completes the PV Partners Application, with required attachments. If the application is complete, CPAU will send the Applicant a Reservation Confirmation and Claim Form, and the installation may proceed. Once the system has passed all required inspections, the Applicant completes the Claim Form and submits it with attachments to CPAU. ~gmplete PV Partners Application: - Sign, include attachments, and send to CPAU After Receivinq Reservation Confirmation: - Host Customer completes Net Metering and Interconnection Agreements and returns to CPAU. - Installer has 12 months to apply for permit, complete the project and get all final inspection approvals. -System Owner pays final invoice for system Review Application: - If incomplete, or ineligible, return to Applicant. - If complete, proceed to Step 2 Reservation Confirmation and Claim Form: - Completes and sends to Applicant. - CPAU shall also send the Net Metering and Interconnection Agreements to Host Customer. Page 8 of 10 DRAFT PV Partners 2007 Guidebook 6/25/2007 After System Passes Final Inspections: - Returns the Claim Form to CPAU, listing any changes to system equipment, and includes all attachments - For PBI, the designated Production Data Provider shall report monthly kWh produced each month to CPAU After Receivinq Claim Form: - Reviews Claim Form and attachments - If complete, process rebate within 30 days - For PBI, credit Host Customer’s utility account each month, for 60 months Application Attachments ¯Recent CPAU utility bill showing electric usage ¯Purchase order or contract for the PV system equipment and installation, with a 10 year warranty ¯Printout of EPBB calculator showing estimate of annual energy production ¯Shading Analysis, if not minimally shaded ¯For residents: Residential Efficiency Checklist for PV Partners ¯For Non-Profits or Public Entity: documentation of tax-exempt Incentive Payments Payments will be made to the Applicant, Host Customer, or a third party (as designated), as indicated on the PV Partners Application or on the Claim Form. CPAU shall process rebate payments within 30 days. For performance-based incentives (PBI), CPAU will issue the first PBI incentive payment approximately 30 days after the first scheduled performance output meter read. System Chanqes Affectinq Incentive Amount If the installed system is smaller than specified in the Application, the incentive will be reduced proportionally based on the new system size. If the revised system is larger, the incremental rebate will be calculated using the rebate level available at the time that the change is made. If the size increase occurs after the expiration date of the reservation period, the Applicant must apply for the increment on a new PV Partners Application. Permits and Interconnection A final approved building permit is required to qualify for a PV Partners rebate. A copy of the signed final permit is required with the submittal of the rebate Claim Form. All solar electric systems receiving incentives under the PV Partners Program must be connected to the local electric utility’s distribution system. The interconnection, operation, and metering requirements for solar systems shall be in accordance with CPAU’s rules for customer generating facility interconnections. To connect a solar system to the utility distribution system, Host Customers, and/or System Owners will be required to execute certain documents such as, but not limited to, Interconnection Agreement and Net Energy Metering Agreement. Net Metering CPAU does not change the billing electric meter when the customer installs PV, since the existing analog meter spins forwards and backwards. When a PV system generates more electricity than the building uses in a month, the customer receives an electric credit on the utility bill. The electric credit is calculated by multiplying the surplus monthly kilowatt-hours (kWh) by the applicable retail rate (S/kwh). The Net Metering Agreement, which is active for the life of the PV system, states that CPAU will carry electric credits, but has the right to zero out any credit not used in 12 months. Page 9 of 10 EXHIBIT D CERTIFICATION OF NONDISCRIMINATION As suppliers of goods or services to the City of Palo Alto, the firm and individuals listed below certify that they do not discriminate in employment of any person because of race, skin color, gender, age, religion, disability, national origin, ancestry, sexual orientation, housing status, marital status, familial status, weight or height of such person; that they are in compliance with all Federal, State and local directives and executive orders regarding nondiscrimination in employment. If Proposer is INDIVIDUAL, sign here: Date: Proposer’s Signature Proposer’s Typed Name and Title If Proposer is PARTNERSHIP or JOINT VENTURE, at least (2) Partners or each of the Joint Venturers shall sign here: Partnership or Joint Venture Name (Type or Print) Date: Date: Member of the Partnership or Joint Venture Signature Member of the Partnership or Joint Venture Signature If Proposer is a CORPORATION, the duly authorized officer(s) shall sign as follows: The undersigned certify that they are respectively: and Title Title Of the corporation named below; that they are designated to sign by resolution (attach a certified copy, with corporate seal, if applicable, notarized as to its authenticity or Secretary’s certificate of authorization0 for and on behalf of the below-named CORPORATION, and that they are authorized to execute same for and on behalf of said CORPORATION. By:Date: Title: By:Date: Title: 071126 S:att/users/Office Procedure and Forms/Certificate of Nondiscrmination