The Future of Solar Finance

1. The Future of Solar Finance October 9, 2014

2. Today’s SEFA Speakers & Webinar Protocol • 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

3. Agenda • SEFA mission • Relationship with NREL & SAPC • Current initiatives • Standard contracts • Consumer Protection • Databases • Leadership structure & board • Membership • In-person meeting at SPI

4. Industry Need

5. SEFA Mission • 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

6. SEFA Organization • 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

7. Current Initiatives: Standard Contracts • Residential • For vertically integrated developers and installers • 0% Down Residential Lease • Residential PPA Agreement • For third-party finance providers • 0% Down Residential Lease • Residential PPA Agreement • Commercial Contracts • Commercial PPA • Commercial lease (in process)

8. Current Initiatives: Consumer Protection • Started in September 2014 • 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: • Internal Regulatory Compliance Memos • Consumer education – “Key Solar Contract Points” list • Example of standard contract packet disclosures • Longer term goals

9. Current Initiatives: Data Standardization SunSpec Initiative Support Extended to SEFA Members • oSPARC • Open Solar Performance and Reliability Clearinghouse • Actuarial data base for evaluating investment risk • Free to use for SEFA members • oSPARC plant data dictionary • Free to use for SEFA members • Data Exchange API’s • Launching at SPI • Free to use for SEFA members • O&M Best Practices & Cost Model • Launching at SPI • Free to use for SEFA members • Plant Monitoring Best Practices Guide • Free to use for SEFA members

10. Leadership • Board of directors • Tom Fink – Trepp LLC (Secretary) • Mina Kim – SunRun • Nicholas Mack – Clean Power Finance • Keith Martin – Chadbourne & Parke • Mary Rottman – Rottman-Associates (President & Treasurer) • Tom Tansy – SunSpec Alliance (Membership) • Seth Weissman – SolarCity • Advisory board • Mike Mendelsohn – NREL • Dirk Michels - K&L Gates

11. Membership • Open to stakeholders in solar & finance industries • Banking • Developers & asset owners • Legal, accounting, data analytics, servicing, equipment suppliers, monitoring, education, research, government • Founder membership campaign • $1,000 • Shape the industry! • Company logo recognition on website • Membership benefits

12. SEFA Member Meeting • In-person member meeting at SPI • After SAPC meeting on October 21, 2014 • Open meeting • Vote on new board members • Nominations • Participation available by conference call

13. Information & Contacts Website: http://sefa-finance.org Information: info@sefa-finance.org Membership: membership@sefa-finance.org

14. Q&A • Questions? • Comments?

15. Thank You!