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ORDER NO. PSC-2020-0508-TRF-EI DOCKET NO. 20200209-EI PAGE 4 FPL stated that after construction of new assets ends, communication to participants would no longer reference the construction of new solar facilities and would instead focus on the program's education and community activities. The utility agreed to provide any future communication and marketing materials to participants for our review to ensure that the materials accurately reflect that any voluntary contributions would contribute towards the maintenance and enhancement of the solar facilities and educational activities, and not further construction. Furthermore, as discussed in our 2014 Order, the utility stated that through the NextEra Energy Foundation, it would continue contributing $200,000 in annual charitable contributions during the remaining life of SolarNow. Once construction of new assets has ended, the SolarNow tariff should reflect that the program will be designed to maintain and enhance the solar assets and provide educational activities and that no further construction will occur. On November 9, 2020, FPL submitted a draft revised SolarNow tariff that removed the reference regarding the construction of facilities. The revised tariff accurately addresses the period during which the new assets will no longer be constructed under the SolarNow Program. At that time, FPL shall file the revised tariff for administrative approval of the revised SolarNow tariff to reflect the removal of the reference to construction of solar facilities. After a detailed examination of the entire record, we hereby approve FPL's proposed extension and revisions to the SolarNow tariff, Tariff Sheet No. 8.930. FPL's proposed revisions to the tariff would extend service under the SolarNow pilot program through December 31, 2025, and would provide clarity regarding the program's expiration. This tariff shall remain open to new participants through its expiration. The revised tariff, as shown in Attachment A, shall be effective January 1, 2021 through December 31, 2025. Once construction of new assets has ended, FPL shall file for administrative approval of a revised SolarNow tariff to reflect the removal of the reference to construction of solar facilities. Acceleration of the Depreciation of SolarNow Assets In its petition, FPL requested accelerated depreciation for its assets related to the SolarNow program.9 FPL explained that the reason for accelerating the depreciation of these assets is to coordinate the end of the SolarNow program with the recovery of the net book value of the assets related to the program.10 The utility proposes to depreciate the remaining net book value of all assets in the SolarNow program over the remaining five years of the program (2021- 2025). The utility explained that this would achieve FPL's objective of having the customer contributions fund the SolarNow program's costs.11 The projected net book value of the SolarNow assets as of December 31, 2020 is $24,293,852. The goal of depreciation is to spread the recovery of an asset's costs over the useful life of the asset. The current depreciation rates applicable to most of FPL's SolarNow assets are 9 Document No.06079-2020,Petition by Florida Power&Light Company for Approval of Proposed Disposition of Voluntary Solar Partnership Rider and Program,p.9. '°Id. "Id. (Pq. ��