Solar Electric System

Proposal and Financial Report

Optimized for 117 So Mary Ave, #30, Sunnyvale, CA

10/22/2015
Prepared By: For:
Jad Murs Jack Sun and Jill Sky
123-456-7899 234-567-8999
[email protected] [email protected]
 10/22/2015

Financial Projections
Monthly Bill Comparison Annual Bill Comparison over 25 Years
(With 4.0% Annual Rate Inflation )
$7,398
$241 94%
Offset

$2,886

$16

No Solar With Solar No Solar With Solar

System Cost Cumulative Cash Flow

$76,695

Incentives Net Cost

$9,042 $21,097 -$30,139

Compare Investment Opportunities

U.S. Treasury S&P 500 Solar System
30 Year Security Annualized Return Compound Return
(As of 10/1/2015) (2000 to 2014) (2015 to 2039)

1 2
2.9% APY 4.2% APY 25.6% APY

Prepared by Jad Murs of Bicycle Solar 1. bit.ly/treasury-source 2. bit.ly/moneychimp-source

 10/22/2015

System Overview
N
6.3 kW DC System Size
27 SunPower Panels (235W DC) W E
27 Enphase Energy Inverters

System Production
kWh Annual Usage: 12,001 kWh Annual Production: 9,621 kWh
1,400

1,200

1,000

800

600

400

200

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Prepared by Jad Murs of Bicycle Solar

 10/22/2015

Financial Timeline
Annual Bill Annual Bill Electric Bill Net System Cumulative
Year Cash Flow
No Solar With Solar Savings Incentives Upkeep Cash Flow
0 $0 ($30,139) ($30,139)
1 $2,886 $186 $2,700 $9,042 ($75) $11,666 ($18,472)
2 $3,002 $207 $2,795 $0 ($78) $2,717 ($15,756)
3 $3,122 $229 $2,892 $0 ($81) $2,812 ($12,944)
4 $3,246 $253 $2,994 $0 ($84) $2,910 ($10,034)
5 $3,376 $278 $3,098 $0 ($86) $3,012 ($7,022)
6 $3,511 $305 $3,207 $0 ($89) $3,117 ($3,905)
7 $3,652 $333 $3,319 $0 ($93) $3,227 ($678)
8 $3,798 $363 $3,435 $0 ($96) $3,339 $2,661
9 $3,950 $394 $3,556 $0 ($99) $3,456 $6,118
10 $4,108 $428 $3,680 $0 ($103) $3,577 $9,695
11 $4,272 $463 $3,809 $0 ($106) $3,702 $13,397
12 $4,443 $501 $3,942 $0 ($110) $3,832 $17,230
13 $4,621 $541 $4,080 $0 ($114) $3,966 $21,196
14 $4,806 $583 $4,223 $0 ($118) $4,105 $25,301
15 $4,998 $627 $4,371 $0 ($4,563) ($193) $25,108
16 $5,198 $674 $4,524 $0 ($126) $4,397 $29,505
17 $5,406 $724 $4,682 $0 ($131) $4,551 $34,057
18 $5,622 $776 $4,846 $0 ($135) $4,711 $38,767
19 $5,847 $831 $5,015 $0 ($140) $4,875 $43,643
20 $6,081 $890 $5,191 $0 ($145) $5,046 $48,689
21 $6,324 $951 $5,373 $0 ($150) $5,223 $53,912
22 $6,577 $1,016 $5,561 $0 ($155) $5,406 $59,317
23 $6,840 $1,085 $5,755 $0 ($161) $5,595 $64,912
24 $7,113 $1,157 $5,957 $0 ($166) $5,791 $70,702
25 $7,398 $1,233 $6,165 $0 ($172) $5,993 $76,695
Total $120,195 $15,026 $105,169 $9,042 ($7,376) $76,695 $76,695

Net Incentives Includes: System Upkeep Includes:

30% Federal Tax Credit Maintenance
Inverter Replacement

Prepared by Jad Murs of Bicycle Solar

 10/22/2015

Additional Information
Jack Sun and Jill Sky Utility: PG&E
117 So Mary Ave, #30 Current Rate: E1 -- Residential Tiered-kWh
Sunnyvale, CA 94087 New Solar Rate: E6 -- Residential TOU Tiered-kWh

System Detail
System Size: 6.3 kW DC
Equipment:
27 SunPower SER-235P Modules
27 Enphase Energy M250-60-2LL-S2X (-ZC) (-NA) (240V)
Facing South at 22° Tilt

System Cost
Gross System Price ($4.75 per DC Watt) $30,139
30% Federal Tax Credit -$9,042
Net System Cost $21,097

Assumptions Results (Projected)

Federal Income Tax Rate 28.0% Historical Annual Usage 12,001 kWh
State Income Tax Rate 9.3% Annual Solar Production 9,621 kWh
Annual Electric Rate Inflation 4.0% Old Monthly Bill Average $241
Sun Hours (Daily Average) 5.3 New Monthly Bill Average $16
Annual Module Degradation 0.5% Annual Utility Bill Offset 94%
Total System Efficiency * 77.06% 25-Year Net Savings $97,793
Annual System Maintenance (Year 1) $75 APY (Pre-Tax Adjusted) 25.6%
Inverter Replacement Cost (Year 15) $4,442
Analysis Period 25 Years

* Losses by category: Dust / Soiling (4.0%), Wiring (3.0%), Module Mismatch (0.0%), System Availability (2.0%), Manufacturer
Production Tolerance (3.0%), Inverter (3.5%), PTC Rating Correction (7.8%), Shading (0.0%)

Prepared by Jad Murs of Bicycle Solar