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California Polytechnic State University, San Luis Obispo

Finance and Financial Management

Master's Theses

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Financing Public Solar Projects: California Public Jurisdictions' Experiences In Acquiring And Financing Solar Photovoltaic Installations, Dana M.C. Hoffman May 2013

Financing Public Solar Projects: California Public Jurisdictions' Experiences In Acquiring And Financing Solar Photovoltaic Installations, Dana M.C. Hoffman

Master's Theses

More efficient technologies, state laws as well as environmental, social, and political pressures have all contributed to placing solar acquisition on the agenda for California’s public entities over the last half decade. But a key question for these frequently cash-strapped jurisdictions is how to utilize public dollars and lands, and how to leverage incentives to obtain solar PVs. As an alternative to outright purchase, a promising financing option made available to jurisdictions in recent years is ownership by a third party, usually the solar company, including various forms of Power Purchase Agreements (PPA’s) and leasing. Due in part to state …