Fixing the Maryland SREC MarketNovember, 17, 2016

Implications for the Maryland Industry • An EPC Perspective – jobs and activity• Residential rooftop market• Commercial market• Community Solar• Wholesale projects

Success Under the SunRenewable Generators Registered in GATS

Maryland RPS has delivered statewide in-service systems topping 620 MW

Maryland PV Generation exceeding 2016 RPS goal 1.4% of State Load (200% of goal)

35,000 Systems 4,200 jobs 2016 on track for 208 MW This is Infrastructure scale.

Closer Look at 2016 – SRECs Matter

Residential Market is performing, however… Since June 2016 Maryland delivered an average of

10MW/Month Since March 2016 Maryland commercial sector

effectively stalled

GATS Registrations (as of 11/15/2016)

2016 MW/MonthNo. of

Systems Ave Size kW

Jan 35.5 1,218 29.1

Feb 33.3 1,544 21.6

Mar 18.7 1,554 12.0

April 13.2 1,231 10.7

May 27.2 1,748 15.6

June 14 1,391 10.1

July 11.9 1,257 9.5

Aug 11.2 1,189 9.4

Sept 11 1,074 10.2

Oct 9.6 992 9.7NovDec

Total: 185.6 13198 14.1

A Little Sunblock needed from a new RPS2016 PROJECTED FROM MD GATS DATA

Percent of2016*

Res 1-20kW 15,485 131 63%C&I 21kW -99kW 280 7.9

C&I 100kW - 1MW 21 9.3C&I1-3 MW 12 17

C&I Total 313 34.2 16%Utility Scale (3-30MW) 3 43 21%

Totals: 15,801 208 MW

* Since June just 7M of C&I or Utlitiy projects were registered

No. of Systems MW in Service

LIFETIME MD GATS DATA Percent ofLifetime

Res 1-20kW 34,444 281.6 45%C&I 21kW -99kW 983 30.6

C&I 100kW - 1MW 234 79C&I1-3 MW 65 117

C&I Total 1,282 226.6 36%Utility Scale (3-30MW) 9 116 19%

Totals: 35,735 624 MW

MW in ServiceNo. of Systems

The Over-ride RPS (HB1106/SB0921) 25% by 2020, 2.5% Solar Carve-out

Tier 1 2017 2018 2019 2020 Renewables- 11.95% 14.3% 18.45% 22.5%Solar carve out: 1.15% 1.5% 1.95% 2.5%

2017 PROJECTED FROM MD GATS DATA Percent of

2016*Res 1-20kW 15,485 131 44%

C&I 21kW -99kW 480 14C&I 100kW - 1MW 32 16

C&I1-3MW 36 56C&I Total 548 86 29%

Utility Scale (3-30MW) 5 80 27%Totals: 16,038 297 MW

No. of Systems MW in Service

The Maryland RPS - RPS Policies Matter

The Fix.

• Support Annapolis on a New RPS

• Stay engaged

• Keep building

• Promote cumulative success

• MDV SEIA Matters

Links and Contact Information

PJM GATS (Generation Attribute Tracking System): https://gats.pjm-eis.com/gats2/PublicReports/RenewableGeneratorsRegisteredinGATSBerkeley Lab: https://emp.lbl.gov/projects/renewables-portfolio

Contact:Standard Solar, Inc.john.finnerty@standardsolar.com