PHOTOVOLTAIC SYSTEM PROPOSAL

Transcription

1 Technology Credit Corp Wednesday, March 23 rd, The Alameda San Jose, CA System Overview System Size: 59 kw DC Estimated Monthly Production: 8563kWh Installation Address: Approximate Installation Date: 600 S. La Canada Dr. ~ Summer 2011 Green Valley, AZ Total Cost: Cost Per Watt: $294, $4.99/watt DC Scope of Work 59,052 watts of photovoltaic modules (259 Sunpower Serengeti 228 watt modules or equivalent) 5 Fronius IG Plus grid tied inverters with online data monitoring. All conduit, wire, disconnects and over current devices. Custom steel parking shade structures (by subcontractor) and module mounting equipment Trenching from array to service entrance and patching of asphalt. Engineering Stamps. Plans and permits from Pima County Development Services. Complete installation of system. Coordination of required inspections from Pima County and TEP. We propose to furnish material and labor, complete in accordance with above specifications. Kevin Koch, Owner Technicians for Sustainability 1 of 6

2 Proposal Benefit Summary Utility Bill Savings $1,027.00/ mo. Significantly reduce your monthly expenses (Assuming TEP rate of $0.12/kWh) Data Monitoring Included Insure continuous peak system performance Module Efficiency 13.9 % More power in less space Module Temperature %/KC Better performance in Tucson s climate Coefficient TFS Workmanship 10 years Peace of mind knowing you are protected Warranty CO 2 Offset Annually 228,889 lbs. You will help reduce global climate change System Production 2 of 6

3 Approximate Array Location Modules will be mounted on parking/shade T-Structure at a tilt of 22 degrees, facing south. Note: Array in image above is not to scale. Proposal Notes This estimate is valid until, May 23 rd, After that date please confirm pricing. Proposal based on a TEP performance based incentive of $0.13 per kwh capped at 50% of the total cost that has been secured. Customer is responsible for supplying a high speed internet connection at site for installation of data monitoring system. You are required to disclose to Technicians For Sustainability any condition existing on the property that could cause damage or injury to equipment or personnel prior to the commencement of the work Technicians For Sustainability will provide a ten year guarantee on parts (excluding the solar equipment) and labor. The solar equipment comes with its own warranties (25 years on modules, 10 years on inverter) and Technicians For Sustainability assumes no liability or obligations whatsoever for any defects in the solar equipment. 3 of 6

4 Financial Analysis Lease Statistics Total System Cost $294,866 TFS Contribution $36,858 Monthly Lease Payment $2,141 Annual Escalator None Lease Term 10 Years Purchase Year 10 (Fair Market Value, Approx. 20% of System Cost) $58,973 Renewal Option (Same Monthly Payment) 3 Years Purchase Year 13 (3 Year Renewal Would Cover 20% Residual at Year 10) $1 Assumptions: Yearly Degradation 0.5% Inflation Rate 2% Future Costs $35,431 (Inverter Yr 15) 4 of 6

5 Annual Breakdown Years No Solar Solar Savings (13 Yr Buyout) 1 $12,536 $12,331 $206 2 $12,723 $12,398 $326 3 $12,913 $12,464 $449 4 $13,105 $12,530 $575 5 $13,300 $12,596 $704 6 $13,498 $12,661 $837 7 $13,700 $12,726 $973 8 $13,904 $12,791 $1,112 9 $14,111 $12,856 $1, $14,321 $12,920 $1, $14,534 $12,984 $1, $14,751 $13,047 $1, $14,971 $13,111 $1, $15,194 -$12,516 $27, $15,420 -$12,453 -$7, $15,650 $0 $15, $15,883 $0 $15, $16,120 $0 $16, $16,360 $0 $16, $16,604 $0 $16,604 Cumulative Savings $113,721 Definitions: No Solar = What you would pay to TEP for energy that could be produced by proposed solar system Solar = What you would pay for the energy produced by solar system (instead of TEP). This is equal to the lease payment less the PBI payment. Savings = What you will save by switching to solar. This is equal to the amount you would pay TEP minus the amount you pay for solar. Monthly Breakdown (Year 1) Monthly TEP Payment $ 1,045 (without solar): Monthly Lease Pmt: $ 2,141 Monthly PBI Revenue: $ 1,113 New Monthly Net Pmt: $ 1,028 Monthly Savings: $ 17 Monthly Breakdown (Year 10) Monthly Breakdown (Year 20) Monthly TEP Payment $ 1,193 (without solar): Monthly Lease Pmt: $ 2,141 Monthly PBI Revenue: $ 1,164 New Monthly Net Pmt: $ 1,077 Monthly Savings: $ 117 Monthly TEP Payment $ 1,384 (without solar): Monthly Lease Pmt: $ 0.00 Monthly PBI Revenue: $ 0.00 New Monthly Net Pmt: $ 0.00 Monthly Savings: $ 1,384 5 of 6

6 Acceptance of Proposal The above price, specifications and conditions are satisfactory and are hereby accepted. Technicians For Sustainability is hereby authorized to do the work as specified above. The undersigned agree to make payment as outlined above. Signature: Date: Signature: Date: ~ To submit this contract, please provide your signature above and return to Technicians For Sustainability. Thank you ~ 6 of 6