Project Financial Summary with Solar Tracker- Brochure

MMMW  -­-  20  kW  Solar  Power  System,  No  Tracking Return  on  Investment  Analysis  -­-  First  10  YearsDirect  Purchase    -­-  Commercial  Sale  in  New  York  with  Net  MeteringYear  0 Year  1 Year  2 Year  3 Year  4 Year  5 Year  6 Year  7 Year  8 Year  9 Year  10 TotalCash  Out20  kW  SPS  Purchase  Price -­-64000 0 0 0 0 0 0 0 0 0 0 -­-64000O  &  M  costs  * 0 0 0 0 0 0 0 0 0 0 0 0Total  Cash  Out -­-64000 0 0 0 0 0 0 0 0 0 0 -­-64000Cash  InFederal  Solar  Rebate 0 0 0 0 0 0 0 0 0 0 0 0State  Solar  Rebate 20000 0 0 0 0 0 0 0 0 0 0 20000Local  Solar  Rebate 0 0 0 0 0 0 0 0 0 0 0 0Federal  30%  Tax  Credit 0 13200 0 0 0 0 0 0 0 0 0 13200Depreciation 0 2618 3590 2513 1508 1508 754 0 0 0 0 12492SREC  value 0 0 0 0 0 0 0 0 0 0 0 0Grid  Consumption  Avoided 1098 2196 2283 2375 2470 2569 2671 2778 2889 3005 3125 27459Grid  Demand  Charges  Avoided 1560 3120 3245 3375 3510 3650 3796 3948 4106 4270 4441 39019Total  Cash  In 22658 21134 9119 8263 7487 7727 7221 6726 6995 7275 7566 112170Net  Cash  FlowsAnnual -­-41342 21134 9119 8263 7487 7727 7221 6726 6995 7275 7566 48170Y2Y,  carry-­-over -­-41342 -­-20209 -­-11090 -­-2827 4660 12387 19608 26334 33329 40604 48170Inputs  &  AssumptionsSolar  Power  System  Capacity 20  kW  rated  systemAnnual  Energy  Production 28,800 kWh  /  yr 22%  (IRR)Average  monthly  production 2400 kwh  /  month 4Cost  of  Solar  Power  System $64,000 1.75Solar  Incentives  …Federal  Solar  Rebate 0Federal  Tax  Credit 30% ITC  -­-  Commercial  and  ResidentialState  Solar  Rebate $20,000 $1.00/watt  for  first  50  kW  capacity  per  meterState  Tax  Credit $0Local  Solar  Rebate $0Property  Tax  Exemption 100%Sales  Tax  Exemption 100%SREC  Price $0 $0=No  SREC  program  availableNumber  of  SRECs  generated NA per  yr,  1  SREC  =  1000  kwhSite  Characteristics…Net  Metering  Capacity 100% Percentage  of  Solar  Power  eligible  for  net  metering.Net  Metering  Retail  Credit 100% Percentage  of  retail  price  received  when  excess  energy  is  sent  to  grid.Projected  montlhy  usage 3400 Monthly  average  kwh  usageConsumption  charge  /  kWh $0.07624 Consumption  charge  =  95%  of  supply  costTotal  Supply  Costs  /  kWh $0.08025 12  month  average  for  New  York  utilityPeak  Monthly  Demand 40.0 kw  =  Peak  metered  demand  over  any  15  minute  intervalDemand  charge  per  kW $6.50 per  kWMonthly  Demand  charge $260.00 Demand  charge  =  85%  of  Delivery  charges.Energy  Inflation  Rate 4.0% AnnualFederal  Tax  Rate 35%Depreciation  Term  (years) 5 MACRs  5  year  schedule,  half-­-year  convention  tableDepreciation  Cost  Basis 37400 Basis  =  System  Cost  -­-  Rebates  -­-  (Half  of  Federal  tax  credit,  ITC/2)O  &  M  Costs    per  kWh  * 0 Operational  and  Maintenance  costs  are  fully  covered  by  Mass  Megawatts  during  the  first  10  years.1st  year  number  of  months   6 Number  of  months  of  solar  power  operation  in  first  yearResultsROIPayback    in  YearMulitple