Solar Energy Development & Investment

Mitchell R. Cohen, Esq. Principal & General Counsel

National Energy Partners, LLC (856) 273-5761 | mcohen@nepsolar.com

About National Energy Partners

National Energy Partners (NEP) is a renewable energy company focused on the development of Photovoltaic (PV) solar electrical systems. Working with organizations to deliver a greener society, NEP uses its expertise in real estate development, financing, and construction to make your solar project a success.

Solar Energy Development & Investment in the States

Focus: The 7 W’s I.  Why: Profits & Returns II.  What: Types of Projects III. Where: Geographical Considerations IV. When: Now or Wait & See V.  Whoh: Challenges & Pitfalls VI. Wow: What Works VII. Wins: Success Stories

I. Why Invest I.  Returns – Commercial Real Estate, Oil & Gas II.  Long Term Industry Forecasts III.  Impact Investing IV.  New Technologies V.  Subsidies

i.  Federal Grant: 30% ii.  Federal Investment Tax Credit (ITC): 30% iii.  Federal Accelerated Depreciation iv.  RECs & SRECs v.  Favorable Zoning vi.  Real Estate Taxes – No Added Assessment

II. What Types of Projects

I.  Distributive Energy “Behind the meter or net metered”

II.  Ground-mounted Field Arrays, Rooftops, and Parking Lot Structures/Carports (charging stations)

III. Avoid “Grid” or “PJM” Projects IV.  Size: Anywhere between 250 kW to 10 MW V.  SREC Availability or Feed-in Tariffs (FITs) VI. Credit of Offtaker

III. Where to Develop/Invest? I.  Look at Individual States, Not U.S. as a Whole II.  No Federal SREC Program III.  Federal Cash Grant (expires on 12-31-2011)/ITC is available

until 12-31-2016 IV.  Look for Viable SREC or FIT Program V.  If It’s Been There a While, It May Be Too Late VI.  Be Ahead of the Curve & Do Due Diligence- Follow the

EPCs VII.  NEP

i.  New Jersey (SREC), Massachusetts (SREC) and Hawaii (FIT) ii.  Ohio, Maryland, Delaware iii.  Eye on other states

IV. When

I.  Does it Still Make Sense to Develop & Invest Now?

II.  Wait Until the Solyndra Fall-Out is Over? III. Worry About the Federal Grant? IV. We are Bullish on Solar Development now V.  Competitors are Leaving the Marketplace

V. Whoh – Challenges & Pitfalls

I.  Subsidy Programs i.  Federal Grant ii.  Investment Tax Credit and Availability of Tax

Credit Investors II.  Legislative Risk III. Funding and Financing

i.  Overall Lending Marketplace ii.  They Don’t Understand the Industry iii.  No Track Record iv.  Solyndra, et. al.

cont.

IV. Competition i.  Natural Gas ii.  Wind iii.  Fossil Fuels iv.  Grid Parity

V.  Legal i.  Going dark ii.  Bankruptcy

VI. What Works I.  Equity Funding II.  Equity Brings Debt III.  Fund the Development Companies Yourself IV.  Distributive Energy Projects V.  Need to Make Profit on Sale of Electricity…Do Not

Rely on SRECs Alone VI.  Monitor SREC or FIT programs VII. Credit of “Offtakers” VIII. Develop Land Use, Energy and Construction

Expertise IX.  Control the Design/Construction and Energy Process X.  Buy “Shovel Ready” projects

VII. Success Stories

XI. 8.0 MW Pharmaceutical Manufacturing Company

XII. 5.2 MW College with Sustainability Focus

XIII. 3.2 MW Sewage Authority Project XIV. 7.2 MW Vacant Office Park Being Totally

Renovated for Hi-Tech Tenants XV. 3.0 MW Cold Storage Facility

Thank  you!  

(856) 273-5761 | mcohen@nepsolar.com