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H Bonds

Local Power wrote the nation's first municipal financing authority for the installation and maintenance of renewables on homes and businesses in 2001, known as H Bonds or Solar Bonds. Local Power Campaign Manager Julia Peters ran the citywide campaign, which won 55% approval from voters, who amended San Francisco's charter (9.107.8) to read that "no voter approval shall be required with respect to revenue bonds issued to finance or refinance the acquisition, construction, installation, equipping, improvement or rehabilitation of equipment or facilities for renewable energy and energy conservation."


H Bonds, which may be issued in most municipalities and joint powers agencies by a simple ordinance, provide a key component for taking Community Choice Aggregation from the "CCA 1.0" business model focused on controlling power procurement, to a "CCA 2.0" model focused on localizing a community's energy based upon control of revenue and rate design. Not only has Local Power incorporated H Bonds into San Francisco and Sonoma County's program designs for the past decade, but virtually all California cities and counities that are now focused on using CCA to build local renewable resources, increase energy efficiency and create green jobs will require a financing authority like H Bonds to realize the palpable and enduring benefits of "real" distribiuted energy resources.

 

View Wikipedia Article on Solar Bonds

View Local Power Inc. White Paper on CCA and H Bonds: "CCA 2.0"

View Local Power's Fact Sheet for the H Bond Campaign - the Campaign for Solar Neighborhoods (2001)

View Back Page of Local Power's Voter Fact Sheet for the H Bond Campaign - the Campaign for Solar Neighborhoods (2001)

View Local Power's San Francisco CCA/H Bond Ordinance (2004)

View Local Power's CCA Program Design, Draft Implementation Plan and H Bond Action Plan for San Francisco (2007)

View Local Power's In-City Buildout Business Case Documents (about 500 pages including an H Bond financial model) for the City of San Francisco (2013)

View Local Power's Sonoma Climate Action Plan Energy Element using H Bonds to finance a 67% localization (2008)







 
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