Freedom Forever Ohio Program and Market Guide

Foreword for Dealers and Sales Representatives:

This document is meant to be a helpful guide for Dealers and Sales Representatives operating in Ohio. Only exclusive Dealers
can operate in Ohio with Freedom Forever.

Dealer requirements to operate in Ohio with Freedom Forever:

• Updated exclusive dealer addendum
• Proof of insurance covering Freedom Forever Ohio, LLC
• Signed personal guarantees

If you need help with or have questions about becoming active in Ohio, please email [email protected].

All documents referenced within this document such as Interconnection Agreements will be made available in Freedom’s
Sales Resource Center within the Dealer Portal.

Table of Contents

Installation Coverage Area 2

Financing Options in Ohio 2

Overview of Ohio Electricity Market 3

Utility Overview 4

Incentives 6

Market Outlook & Policy Risks 6

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 Installation Coverage Area

Ohio will be serviced locally. Exact branch locations pending

Coverage area as of 12/15/21, subject to change

Financing Options in Ohio

● Loans: Mosaic
● PPA/Lease: No PPA/Lease options are available in OH at this time

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 Overview of Ohio Electricity Market

Ohio is a deregulated residential electricity market, which means that homeowners are permitted to choose their electricity
supplier. In this case, the homeowner would have two utility providers: the Distributor, for example AES Ohio, and the
Supplier, which can be chosen by the homeowner. For more information and to shop suppliers, visit Energy Choice Ohio.

Active Utilities (as of 12/15/21):

Investor-owned Columbus Southern Power, AES Ohio, Duke Energy Ohio, Ohio Edison, Ohio Power

Municipal and Adams Rural Electric Coop, Buckeye Rural Electric Coop, Butler Rural Electric Coop, Consolidated
Cooperative-owned Edison Coop, Darke Rural Electric Coop, Licking Rural Electrification d/b/a The Energy Cooperative,
Pioneer Rural Electric Coop, South Central Power Company, Union Rural Electric Soop

Inactive Utilities (as of 12/15/21):

Investor-owned Cleveland Electric Illuminating, Toledo Edison

Municipal and Carrol Electric Coop, Firelands Electric Coop, Frontier Power Company, Guernsey-Miskingum
Cooperative-owned Electric Coop, Hancock-Wood Electric Coop, Holmes-Wayne Electric Coop, Logan County Coop
Power & Light, Lorain-Medina Rural Electric Coop, Mid-Ohio Energy Coop, Midwest Electric,
Midwest Energy Coop, North Central Electric Coop, Northwestern Electric Coop, Paulding-Putnam
Electric Coop, Tricounty Rural Electric Coop, Washington Electric Coop

Active Utility Coverage Map

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 Utility Overview
For active utilities within Freedom’s install territory. Data as of 12/15/21

Columbus
Ohio Power Duke Energy Ohio Ohio Edison AES Ohio
Southern Power

Utility Type IOU IOU IOU IOU IOU

# Residential Customers
864,986 665,306 323,179 289,523 254,122
(Estimate)

Avg Annual Usage

11,826 11,349 11,385 10,708 11,643
(kWh)

Est. Avg kWh/kW 1100

Est. Avg System Size
General 10kW
(kW)
Est. Break
$2.40 $2.50 $2.35 $2.50 $2.00
Even Net PPW**

NEM Offered? Yes

True-up Frequency Monthly
When a billing period results in net excess energy or negative kWhs, a monetary credit is calculated and
Net
applied to the customer's account and credited monthly. Duke Energy and AES Ohio will allow customers to
Excess Generation
request in writing refunds of accumulated credits over a 12-month period.
Max System Size 120% of historical usage
Qualifies for SRECs? Yes, see incentives section
Other Incentives None
Avg Retail Rate
$0.109/kWh $0.113/kW $0.1060 $0.114/kWh $0.089/kWh
Rates (per kWh)
Monthly Fixed Charge $14 $14 $8.76 $8.76 $5
Interconnection Interconnection Interconnection Interconnection
Docs Application Application Application Interconnection Application
Docs Required to Install*** Homeowners Homeowners Homeowners Application Homeowners
Insurance* Insurance* Insurance* Insurance*
*Minimum coverage as follows: <10kW: $250,000 >10kW: $1,000,000
**Break Even Net PPW is an estimate of the PPW before dealer fees are added that can be charged so that the average year 1 solar rate equals the
customer’s pre-solar average utility rate, assuming the 25-year Mosaic 1.49% product, 1100 production factor (kWh/kW), 100% offset, and the average
annual usage listed for each utility. Does not take SRECs or utility rebates into account.
***All documents are available in the Sales Resource Center

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 South Central Buckeye Rural
Licking REA Butler REC Union REA
Power Company Electrical
Cooperative
Utility Type Coop Coop Coop Coop Coop

# Residential Customers
108,067 23,587 17,870 10,824 8,792
(Estimate)

Avg Annual Usage

14,100 11,349 13,140 11,385 11,317
(kWh)

Est. Avg kWh/kW 1100

General Est. Avg System Size
12kW 10kW 11.5kW 10kW 10kW
(kW)

Est. Break
$2.40 $2.60 $3.05 $3.05 $2.60
Even Net PPW**

NEM Offered? Yes

True-up Frequency Monthly
Net When a billing period results in net excess energy or negative kWhs, a monetary credit is calculated and
Excess Generation applied to the to the customer's account and credited monthly
Max System Size 120% of historical usage
Qualifies for SRECs? Yes, see incentives section
Other Incentives None
Avg Retail Rate
$0.11/kWh $0.118/kWh $0.1380/kWh $0.1370/kWh $0.118/kWh
Rates (per kWh)
Monthly Fixed Charge $17 $28 $30.00 $40.00 $20.00
Interconnection Interconnection
Docs Application (Wet Agreement (two
Interconnection
copies, one witness Interconnection
Docs Required to Install*** signature only) Application Pending Research
signature), Application
Homeowners
Homeowners
Insurance* Insurance*
*Minimum coverage as follows: <10kW: $250,000 >10kW: $1,000,000
**Break Even Net PPW is an estimate of the PPW before dealer fees are added that can be charged so that the average year 1 solar rate equals the
customer’s pre-solar average utility rate, assuming the 25-year Mosaic 1.49% product, 1100 production factor (kWh/kW), 100% offset, and the average
annual usage listed for each utility. Does not take SRECs or utility rebates into account.
***All documents are available in the Sales Resource Center

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 Incentives
• Net Energy Metering (“NEM”)
o All utilities in Ohio must offer net metering to customers, including competitive suppliers.
o Residential NEM is intended primarily to offset part or all of a homeowner’s electricity consumption up to
120% of total annual consumption.
o Monthly net excess generation is credited at the energy rate of the electric utility's standard service offer
and excludes distribution or transmission rates. For example, AES Ohio's typical residential “Price to
Compare” for the generation supply portion of a residential electric bills for the period of June 1, 2021 to
May 31, 2022 is $0.0480511/kWh. This is the rate applied to net excess generation in AES Ohio’s service
territory.
• Solar Renewable Energy Certificates (“SRECs”)
o The Ohio SREC market is oversupplied. Under current market conditions, a substantial number of systems
sited in PA and other bordering states look to OH to sell SRECs.
o In 2019, the solar carve out was eliminated from the RPS which significantly reduced the price and demand
for SRECs, with prices of OH SRECs in December 2021 at $11.50/MWh. For the latest updates, check out
the SRECTrade Blog
o For a general overview on SRECs, please refer to the SRECs Explained document
o For an overview on the process of selling SRECs, refer to the Selling SRECs document
o For more information, visit DSIRE’s website

Market Outlook & Policy Risks

• Ohio is an immature solar market with total installed capacity of 527 MW, most of which is utility-scale solar. Ohio
is ranked 25th nationally in terms of installed solar.
• The Solar Energy Industry Association (SEIA) projects 2,955 MW of new solar capacity to be installed over the next
5 years.
• Ohio has a deregulated retail electricity market in which households and businesses can “shop” from among
competing marketers for their electric service.
• Ohio lacks a strong clean energy policy. In 2019 the Ohio legislature lowered the state’s Renewable Portfolio
Standards from 12.5% to 8.5% by 2026 and eliminated mandates for solar specific energy purchasing, or SRECs, from
2020 onward.
• Utilities in Ohio must offer Net Energy Metering to customers. A 2018 ruling of the Ohio Public Utilities Commission
gave consumers who shop for a competitive supplier get net metering compensation from utilities, which was not
the case prior to the ruling.
• Residential NEM systems are intended primarily to offset part or all of a homeowner’s electricity consumption up
to 120% of total annual consumption.
• Utilities in Ohio offer net energy metering with monthly netting. The Public Utilities Commission of Ohio’s late 2018
ruling reduced compensation for net excess generation from retail rates to just the energy component of the
standard offer service rate. The same ruling kept in place the ability to size a home solar system to meet 120% of
annual consumption; the utilities wanted to limit this to 100%.

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