Community Solar Fund

Source: PDF pp. 1074-1075 ↗ · raw: 1074 · 1075

Breadcrumb: Fund Summaries > Community & Economic Development. > Community Solar Fund

City of Portland Fiscal Year 2026-27 Proposed Budget Community & Economic Development> Community Solar Fund Community Solar Fund Fund Summary 2024-25 Actuals 2023-24 Actuals 2025-26 Revised Budget 2026-27 Proposed Expense $114,565 $105,258 $121,945 $133,093 Unappropriated $114,565 $105,258 $121,945 $133,093 Ending Fund Balance $114,565 $105,258 $121,945 $133,093 Revenue $114,565 $105,258 $121,945 $133,093 External Revenues $9,307 $2,621 $7,380 $9,250 Miscellaneous $9,307 $2,621 $7,380 $9,250 Internal Revenues $105,258 $102,637 $114,565 $123,843 Beginning Fund $105,258 $102,637 $114,565 $123,843 Balance Fund Overview The Community Solar Special Revenue Fund was created as part of the Solar Forward pilot program. Solar Forward was a crowdfunding campaign started by BPS to offer community members a way to engage in the development of new, clean, local renewable energy systems on buildings like community centers, schools, and libraries. Three solar electric systems were installed between 2012 and 2014; each receives an ongoing stream of incentive payments based on solar production from the systems. The Solar Forward pilot officially wrapped up in 2014. While utility revenue will continue to accrue to the fund until 2029, BPS is not currently seeking donations or other voluntary contributions. The Community Solar Fund accounts for expenses and revenues associated with the installation of solar electric systems on? publicly owned facilities.? The fund historically received revenue from two sources:? (1) The electric utility companies, in the form of a 15-year stream of incentive payments based on the energy produced from each solar energy system; and (2) Donations from individuals, businesses, and organizations who provided voluntary contributions.? The only ongoing revenue source for this fund is the electric utility incentive payments. Payments at the current rate will stop in FY 28-29.?The accrued revenue is intended to be used to offset capital expenses association with solar electric system installation on public buildings.? Managing Agency Bureau of Planning & Sustainability (BPS) 1074

City of Portland Fiscal Year 2026-27 Proposed Budget Significant Changes from Prior Year Revenue from now through 2029 will consist solely of the incentive payments from the electric utility companies for the production from three solar energy systems installed in 2013 and 2014. BPS recommends spending down the fund balance in a single project by the end of FY 2030-31, at which point the fund can then be terminated. 1075

Parent: Community & Economic Development. · PDF: pp. 1074-1075 ↗