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ORDER NO. PSC-2020-0508-TRF-EI DOCKET NO. 20200209-EI PAGE 3 As of August 2020, SolarNow had 51,049 total participants. Participation over the lifetime of the program has exceeded FPL's expectations, with enrollment peaking at 58,000 participants, over 4 times the "high participation" case presented in the original 2014 filing. When evaluating the potential market overlap between SolarTogether and SolarNow, FPL found that the introduction of SolarTogether had minimal impact on the SolarNow's participation. On Page 7 of the petition, FPL stated that although 420 residential customers left the program in favor of SolarTogether, 1,799 residential customers maintain dual enrollment, or approximately 3.4 percent of SolarNow participants. In its petition, FPL discussed several reasons why it proposed ending the program, despite exceeding the utility's expectations. In 2014,opportunities for customers to participate in solar programs were narrow and customer awareness of solar generation was likewise limited. However, in the six years since the program's inception, cost-effective, large-scale solar has become far more prevalent. The lessons learned from SolarNow have allowed FPL to initiate its SolarTogether initiative. As such, customers now have the opportunity to participate in a program which shares the economic benefits of solar with both participants and non-participants. Construction of New Assets As directed by our 2014 Order, FPL is required to size construction of SolarNow's solar projects based on the level of participation, so that participant contributions will approximate the project's revenue requirement net of estimated avoided fuel and emissions costs. FPL stated that it would not install any additional solar structures after approximately March 21, 2021, but would continue to enhance existing sites.?FPL stated that the final asset to be constructed is still under negotiation; as a result, there is still uncertainty regarding the asset's completion date. FPL also stated that if the project does not come to fruition, the utility intends to replace it with a comparable project. In addition, once construction of new assets has ended, the contributions from participants would be used to pay for the depreciation of existing assets at an accelerated rate, as discussed in Issue 2. FPL agreed that if at the end of SolarNow there is a revenue requirement shortfall,the utility and its shareholders would absorb these costs, as directed by our 2014 Order.8 Program Participation In its petition, FPL stated that the tariff would remain open to new participants after FPL ceases construction of new assets, as other program benefits would still be available to participants. Specifically, the utility asserts that the solar assets would continue to provide renewable generation, promote awareness and community engagement, and education. FPL plans to continue to partner with various host sites to offer benefits, as well as expand educational outreach about solar generation. FPL filed a list of all SolarNow projects that are either planned or currently under construction. Document No. 11292-2020. Order No. PSC-14-0468-TRF-EI, states "FPL explained that should SolarNow be terminated after the three-year trial period, and in the event that participant contributions and avoided/fuel emission benefits do not cover the remaining revenue requirements,FPL and its shareholders will absorb the difference below-the-line."