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INB to Finance Avista Solar Panel Loans

7.16.2015 Bank News

INB has partnered with Avista and the Clean Energy Collective (CEC) to offer financing for the new Avista Community Solar Program. Avista continues to plan and adapt for the future by announcing an additional commitment to renewable energy and plan to construct a 425 kW community- solar array that has 1,512 panels to be built at the Avista property located at Barker and Trent in the City of Spokane Valley.

The facility will be comprised of a centrally located solar array optimally positioned for the greatest production of renewable energy. Individual residents and businesses can participate in the program through a simple subscription process and receive monthly credits on their bill for the power produced. Participants will save money on their utility bill while supporting local renewable energy.

Residential and non-residential customers who rent or lease their properties or those with shaded roofs now have an option to buy solar. This Community Solar model allows Avista WA electric customers to participate in solar and receive bill credits – all while helping the environment and supporting Washington’s renewable energy initiatives, without putting solar on their roof.

To ensure equal opportunity and access, Avista will conduct a lottery with interested parties enrolling now through July 17th. Participant allotment notification will take place by August 7. To enroll visit avistacommunitysolar.com.

The one-time enrollment fee of $1,400 per panel covers the cost of one panel and ongoing maintenance until the program ends in June 2020. For those enrolled in the Avista Community Solar Program and are seeking financing, INB can help. For more information regarding financing options and rates please visit inb.com/solar-loan

Through CEC’s RemoteMeterTM software participants are able to view production from the solar array. The cost subscribes customers to the program and ensures that the customer receives bill credits for all available WA state renewable energy production incentives (as shown in the chart below.)

“We’re pleased to partner with CEC to bring Community Solar to Avista’s Washington electric customers,” said Kelly Magalsky, Solar Initiatives Manager “this program allows customers to save money on their electric bill while supporting renewable energy.”

About Avista Corp.

Avista Corp. is an energy company involved in the production, transmission and distribution of energy as well as other energy-related businesses. Avista Utilities is our operating division that provides electric service to 370,000 customers and natural gas to 330,000 customers. Its service territory covers 30,000 square miles in eastern Washington, northern Idaho and parts of southern and eastern Oregon, with a population of 1.6 million. Alaska Energy and Resources Company is an Avista subsidiary that provides retail electric service in the city and borough of Juneau, Alaska, through its subsidiary Alaska Electric Light and Power Company. Avista stock is traded under the ticker symbol "AVA." For more information about Avista, please visit www.avistacorp.com.

This news release contains forward-looking statements regarding the company’s current expectations. Forward-looking statements are all statements other than historical facts. Such statements speak only as of the date of the news release and are subject to a variety of risks and uncertainties, many of which are beyond the company’s control, which could cause actual results to differ materially from the expectations. These risks and uncertainties include, in addition to those discussed herein, all of the factors discussed in the company’s Annual Report on Form 10-K for the year ended Dec. 31, 2014.

SOURCE: Avista Corporation

About Clean Energy Collective

Clean Energy Collective (CEC) is the nation’s leading developer of community solar solutions. CEC pioneered the model of delivering clean power-generation through large-scale solar PV facilities accessible to all utility customers. Since establishing the first community solar garden in the country in 2010 near El Jebel, Colorado, CEC has built or has under development more than 90 community solar projects with 18 utility partners across 8 states, representing 100 MW of community solar capacity. www.easycleanenergy.com