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Investor Presentaiton

DSIRE® NC CLEAN ENERGY TECHNOLOGY CENTER DSIRE insight Alabama: AL code § 37-14-32 Authorities/References Arizona: ACC Decision 71795, Docket E-20690A-09-0346 (limited to schools, governments or other non-profit entities) Arkansas: S.B. 145 (2019) (limited to Solar Services Agreements qualifying for safe harbor protection under 26 U.S.C. 7701(e)(3)(A) • for tax-exempt entities) and explicitly allows solar leasing. Note: Commission rules implementing S.B. 145 have not yet been adopted California: Cal. Pub. Util. Code § 218, § 2868 Colorado: S.B. 09-051; PUC Decision C09-0990, Docket No. 08R-424E (2009) (limited to systems generating no more than 120% of the average annual electricity consumption) Connecticut: Clean Energy Finance and Investment Authority D.C.: REIP Program; PSC Order 15837 (2010) Delaware: S.B. 266 and S.B. 267 (2010) Florida: PSC Decision: Docket 860725-EU; Order 17009 (1987); PSC declaratory rulings have permitted residential solar leasing Georgia: H.B. 57 (2015) Hawaii: S.B. 704 (2011) Illinois: 220 ILCS 5/3-105, 16-102; 83 III. Adm. Code, Part 465 Iowa: Iowa Supreme Court, No. 13-0642 (2014) (the lowa Supreme Court's decision overruled an earlier IUB determination that a local solar company who proposed a 3rd-party PPA would be a "public utility" under lowa law) Kansas: KS Department of Revenue Opinion O-2016-001 Kentucky: KRS 278.010 (3) Louisiana: La. R.S. 45:121 Maryland: H.B. 1057 (2009) Maine: Title 35-A section 3202 Massachusetts: 220 CMR 18.00 Michigan: 2008 Public Act 286; PSC Order Docket U-15787 . Mississippi: Any entity selling electricity is subject to public utility regulations stipulated in MS code § 77-3-3, but MS net metering rules explicitly allow leasing of solar equipment. Nevada: NRS 704.021 (A.B. 186, 2009); PUC Orders 07-06024 New Hampshire: PUC 902.03; PUC Docket DE 10-212 (letter 1/31/12) New Jersey: N.J. Stat. 48:3-51; N.J.A.C. §14:8-4.1 et seq. New Mexico: H.B. 181 and S.B. 190 (2010) and 07-06027 (limited to systems generating no more than 150% of the average annual electricity consumption) New York: NY CLS Public Service § 2.13 North Carolina: General Statutes § 62-3(23) prohibits 3rd Party Sales, but H.B. 589 (2017) explicitly allows leasing of solar equipment Ohio: PUC Order 06-653-EL-ORD (11/05/2008) Oklahoma: Attorney General Opinion 2018-5 Oregon: PUC Order, Docket 08-388; O.R.S §757.005 Pennsylvania: PUC Order, Docket M-2011-2249441 Puerto Rico: No policy reference available; based on news reports and articles Rhode Island: R.I. Gen. Laws § 39-26.4 South Carolina: SC Code Section 58-27-2610(E) and Section 58- 27-2630(A)(9) arising from S.B. 1189 (2014) prohibit 3rd Party Sales, but S.B. 1189 explicitly allows leasing of solar equipment Texas: S.B. 981 (2011) (limited to systems generating electricity no more than the average annual electricity consumption) Utah: H.B. 244 (2016); Title 54 Chapter 2)(1)(19) Vermont: No policy reference available, based upon news reports and communications Virginia: H.B. 2390 (2017); S.B. 1769 (2019) West Virginia: WV Code §24-2-1
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