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Advancing Smart Solar Initiatives: SPL's Strategic Approach to Sustainable Energy Solutions

SPL is committed to a bold solar energy vision, targeting a 4% carve-out for retail electric sales focused on commercial buildings with installations of ≥50 kW. Our development strategy includes utility-pole and rooftop-mounted solar solutions, leveraging smart grid technologies. Array of funding sources, including a Solar Loan Program, supports our mission. By reducing soft costs and enhancing marketing strategies, we aim to create a cost-effective, sustainable, scalable, and reliable energy future for Springfield.

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Advancing Smart Solar Initiatives: SPL's Strategic Approach to Sustainable Energy Solutions

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  1. SPL’s Smart Solar [Team Victorious Secret] Eunhee Kim Maria Tan Lauren Iacobucci Theodore Groben Tristan Turner Springfield Power & Light

  2. SPL’s Goals • Solar carve-out of 4% of retail electric sales • Focus on commercial buildings • Greater than or equal to 50kW installments • Cost-effective, sustainable, scalable, reliable

  3. Current Generating Situation

  4. Development Strategies Smart Grid Technologies Phase-In Approach • Utility-Pole Mounted Solar • Commercial Rooftop Mounted Solar • Streetlight Mounted Solar • SPL's energy database system

  5. Development Strategies Cont. • Solar Acquisition Strategies • Solar Loan Program • Rooftop Rental • Pole-top & Street light Mount Project

  6. Storage Centralized Decentralized

  7. Costs

  8. Financing • 50% Debt • Long term bonds • 50% Equity • Issuance of common stock

  9. Implementation (Sources of Funds) • Public Benefit Fund and Rate Base Change • 5% increase to rate base • Avoided Peak Energy Costs • Solar Loan Program • 13% interest rate

  10. Financial Summary

  11. Strategies to Reduce Soft Costs • Cost-Reduction Roadmap for Residential and Small Commercial Solar Photovoltaics by US DOE SunShot Initiative. • Permitting, Inspection, and Interconnection (PII) • Installation Labor • Reduced PII Costs • Reduced labor costs • Safety Training

  12. Marketing Strategies • Adapted from ―Smart Solar Marketing Strategies‖ by Clean Energy Group and SmartPower, 2009, p. 23

  13. Conclusion Conclusion Cost-effective Sustainable Scalable Reliable

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