John Doe 1442 Main Street Summerville, SC 29485 (800) 376-4115 johndoe@mysolaremail.com Sales Rep Name
12.22 kw
Your Solar Loan Estimate Prepared for Doe $231.051 a month, for the next 20 years HOW THE MOSAIC HOME SOLAR LOAN WORKS Start with low monthly payments Pay the low Choice monthly payments for the first 18 months, improving your monthly cash flow. Get the most out of your tax credit As long as you make a payment equal to 30% of the initial loan amount by month 18, you keep your low Choice Monthly Payment. If you pay MORE than 30% by month 18, your monthly bill will be lower for the duration of the loan. If you pay LESS than 30%, your monthly bill will be higher for the remainder of the loan term. The 30% Choice paydown amount is intended to approximate the federal tax credit of up to 30% of eligible solar system costs. 2 Build equity in your solar asset Just like a home mortgage, build equity in your solar system with each monthly payment that pays down the principal, unlike a lease. LOAN DETAILS Minimum out of pocket cost: $0 Loan amount: $43,992.00 Choice Interest Rate: 5.99% Est. Annual Percentage Rate: 6.21% 3 Payment Terms: 239 monthly payments estimated to be $231.05 at the Choice Payment Amount or, assuming no 30% paydown, estimated to be $329.53 at the Standard Payment Amount. Pay off at any time without penalty. Annual escalator? No Transferability? Yes. Either pre-pay loan as part of sale, or transfer to qualified buyer. Lien on house? No 4 Automated, online payments? Yes Pay it off, it's yours After paying off your loan, enjoy years of free, clean energy from the sun. 1 2 3 4 Estimate, subject to customer qualification and approval for a home solar loan with Solar Mosaic, Inc. (dba "Mosaic"), CA Finance Lenders License. 6054631 (www.joinmosaic.com). Payment amount will vary based on final approved loan terms and customer's ability to make a pay down of 30% of the loan principal no later than month 18 of the loan (using any tax credit customer may claim and receive or other personal sources of funds). If customer pays down less than 30% by month 18, the monthly payment amount will rise depending on the amount paid down. Assuming no paydown, the Choice Payment Amount will be adjusted to a Standard Payment Amount, estimated to be $329.53 per month. Customer is solely responsible for calculating, and claiming, any tax incentives. Please consult your tax advisor to assess your eligibility for tax credits. These estimated payment amounts assume a stated interest rate of 5.99%, an APR of 6.21%, and estimated 239 monthly payments. See your Mosaic loan disclosure statement and loan agreement for complete terms and conditions. Please consult your tax advisor to assess your tax credit eligibility amount. Mosaic does not provide legal or tax advice. The APR assumes you choose not to use your tax credit to pay down 30% of your loan, and assumes that you've opted to pay by check each month. Mosaic will file a UCC-1 against the solar equipment that may appear in lien searches on your residence address until your loan is paid off. 2015 Solar Mosaic, Inc (dba Mosaic), all rights reserved. CA Finance Lenders License 6054631. Visit joinmosaic.com.
USAGE OFFSET ENVIRONMENTAL BENEFITS 1 0% 110% Solar Usage Offset Utility Co Usage 579,003 6,241 536,403 Vehicle Miles Off The Road Tree Seedlings Grown For 10 Yrs Pounds of CO2 Emissions Saved 1. Environmental benefits calculated using the United States' Environmental Protection Agency greenhouse gas equivalencies calculator (http://www.epa.gov/cleanenergy/energy-resources/calculator.html). Year kwh RATE DETAILED CASH FLOW 2 MONTH kwh MONTH kwh Old Average $/kwh 18 $0.223 21 $0.243 New Average $/kwh Year Current Bill 1 $0.137 $0.074 1 $2,458 3 $0.145 $0.074 3 $2,567 4 $0.149 $0.074 4 $2,624 $2,773 $1,088 5 $0.154 $0.074 5 $2,683 6 $0.158 $0.074 6 $2,744 8 $0.167 $0.074 8 $2,870 $2,773 9 $0.172 $0.074 9 $2,936 10 $0.177 $0.074 10 $3,004 12 $0.188 $0.074 12 $3,145 16 $0.210 $0.074 16 $3,454 17 $0.217 $0.074 17 $3,537 $0.074 18 $3,622 19 $0.229 $0.074 19 $3,710 $2,773 $0 $15,954 $2,773 $0 $16,618 20 $0.236 $0.074 20 $3,801 $2,773 $0 $17,373 $0.074 21 $3,893 $283 22 $0.250 $0.074 22 $3,989 11 $0.182 $0.074 11 $3,074 13 $0.193 $0.074 13 $3,219 14 $0.199 $0.074 14 $3,295 Loan Payments 7 $0.163 $0.074 7 $2,806 $2,773 $2,773 $0 $13,900 $2,773 $0 $14,149 15 $0.205 $0.074 15 $3,374 $2,773 $0 $2,773 Credits & Incentives 2 $0.141 $0.074 2 $2,512 $15,970 $4,096 $2,773 $0 $15,377 Total $81,887 $7,062 $68,650 $30,050 Cumulative Savings $2,773 $17,296 $16,708 Mar 519 $2,773 $4,093 $10,687 May 695 $2,773 $587 $11,577 Annual Electricity Usage: 13,580 $2,773 $584 $11,859 $581 $12,200 $2,773 $575 $13,068 Year 1 Solar Production: 14,970 $2,773 $572 $13,598 Electricity Usage Offset: 110% $2,773 $0 $13,626 Lifetime Production: 352,621 $2,773 $0 $13,726 $14,477 $0 $14,886 $0 $0 $20,984 $300 $0 $0 $24,672 23 $0.257 $0.074 23 $4,087 $319 $0 $0 $28,441 24 $0.265 $0.074 24 $4,189 $338 $0 $0 $32,292 25 $0.272 $0.074 25 $4,293 $358 $0 $0 $36,226 New Bill Jan $11,353 Jun 1,877 Dec 456 LOAN SUMMARY Estimated Monthly Interest Rate: 5.99% Total Number of Payments: 239 Monthly Loan Payment: $231.05 Minimum Out of Pocket Cost: $0 FINANCIAL SUMMARY System Cost Per Watt: $3.60 Total System Cost: Federal Tax Credit: ($13,198) State Tax Credit: ($10,998) Other Incentives ($5,855) Net System Cost: 498 Jul 2,717 Feb 415 Aug 2,332 Sep 1,782 $7,072 Apr 591 Oct 1,015 Nov 683 SYSTEM SUMMARY $578 $12,603 System Size (kw): 12.220 $43,992 $13,942 $36,226 Net 25-Year Savings: $36,226 2. Savings are based on the estimated system production and are a function of the difference between the cost of the solar and the avoided cost of electricity from your utility, which is assumed to increase 2.9% per year. The energy usage and savings referenced herein are for discussion pursposes only and should not be relied on.
Customer Name: Customer Address: City, State Zip: Phone Number: Email Address: Utility Rate Plan: Financed Amount: Federal Tax Credit: State Tax Credit: Other Incentives: Net System Cost: A. HOMEOWNER INFORMATION 1. DESIGN, INSTALLATION AND ACTIVATION Company Name: Company Address: City, State Zip: Phone Number: Website: SOLAR PURCHASE AGREEMENT Suncrest Solar $43,992 System Size (kw): 12.220 ($13,198) Number of Panels: 47 ($10,998) Panel Manufacturer: Q-Cell ($5,855) Panel Size (Watts): 260 420 E. South Temple Street, Suite 280 Salt Lake City, UT 84111 (800) 376-4115 $13,942 Inverter Manufacturer: SolarEdge TERMS AND CONDITIONS SUNCREST SOLAR www.suncrestsolar.com DESIGN AND INSTALLATION. We will design and install a solar photovoltaic system on your property that will include solar panels, inverters, and other components (collectively, the System ). With your cooperation, we will (i) design, install, and connect the System in material compliance with all applicable laws, (ii) complete all required inspections, and (iii) obtain all required certifications and permits. Once the system is inspected, Suncrest will submit the paperwork to the local utility company for interconnection. B. ACTIVATION. Following approval from the utility company, we will interconnect the System so that it begins generating electricity. 2. SYSTEM DEPOSIT AND PAYMENTS A. B. DEPOSIT. At the time of signing you will be required to pay us the "Upfront Deposit," as specified in the "Solar Purchase Agreement." INVOICING. We will send you an invoice prior to the time of installation which states the net amount you owe us for the Solar System. Payment will be due before the time of installation. Once payment is received we will complete the entire installation for the stated invoice price. 3. EXCLUSION OF LIABILITY Suncrest Solar is not responsible or liable for any gas line relocation, roof repairs or replacements, or other costs associated with the installation in excess of standard installation procedure. 4. LIMITED WARRANTIES This Limited Warranty is Suncrest Solar's agreement to provide warranty on the completed installation. The system will be professionally installed by Suncrest Solar and will comply with engineering specifications and all applicable building department requirements. This Limited Warranty starts the day Suncrest Solar begins construction of the solar system at the customer's location. Suncrest will warranty the system as follows: Roof Warranty: When Suncrest penetrates the roof during a system installation, Suncrest Solar will warrant any roof damage that may have been caused due to roof penetrations. This Limited Warranty starts on the day of solar system installation and ends 10 years from the day of completed installation. Once a damage is reported, Suncrest Solar will evaluate such damage and provide the findings to the contracted parties. Repair Warranty: Except for damages referenced in the Roof Warranty above, Suncrest Solar will repair any damage to the property that is caused as a direct result of the solar system installation completed at the same property. This Limited Warranty starts on the day of solar system installation and ends 3 years from the day of completed installation. COMPANY ACCEPTANCE Suncrest agrees to the terms and conditions above. Area Manager Date OWNER ACCEPTANCE I, John Doe, agree to the terms and conditions above. Signature Date