r S3-60 GFX; OIL HOT WATER & HEAT · · 2014-01-0599% solar system proposal for house on \r long island, ny equipped with a model \r s3-60 gfx; oil hot water & heat

$Page 1: r S3-60 GFX; OIL HOT WATER & HEAT · · 2014-01-0599% solar system proposal for house on \r long island, ny equipped with a model \r s3-60 gfx; oil hot water & heat$
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99% SOLAR SYSTEM PROPOSAL FOR HOUSE ON LONG ISLAND, NY EQUIPPED WITH A MODEL S3-60 GFX; OIL HOT WATER & HEAT

Our Experience to Serve You

We Lower Your Energy Costs

We Do Great Work

We Make it Simple

We Partner for the Long Term

Welcome to SolarCity!

• More homeowners choose SolarCity thanany other clean energy company

• Our 2,600+ employees are dedicated to serving our customers

• On an average day, we help a new familygo solar every 5 minutes

• We offer a cleaner, more affordablealternative to your utility bill

• We constantly innovate better ways toachieve clean energy savings

• We know that customers want better, cleaner, cheaper electricity, and we don't believe that you have to compromise to get it

• We guarantee our quote price per kWh will not change throughout the project

• We're skilled, knowledgeable and thorough professionals who build systems to last

• Our in-house engineering team will custom design your system

• We select only the best in class, high quality panels, equipment and hardware

• Safety is important to us. We will keep your home, your family and our crews safe

• Our Customer Care team will manage your project from beginning to end, including engineering design, installation, rebate applications and ongoing support

• Your online account has up-to-date project status and customer resources

• SolarGuard® shows you the performance at-a-glance and allows SolarCity to respond if needed

• By looking holistically at both your gas andelectricity usage, we can save you moremoney by using less energy with our energy efficiency services and electric vehicle chargers

• A third of our new business comes from satisfied customer referrals

SYSTEM DESIGN

Proposed System Size

5.88 kW DC

Annual Production

6,376 kWh

Frame Type

BlackPanel Layout

Production Map

SYSTEM PRODUCTION

Solar Production vs. Home Energy Consumption

Solar ProductionHome Energy Consumption

Prepared for Joanne Leavitt51 Robin Hood Ln, Setauket- East Setauket, NY 11733631-902-9085 | [email protected]

Prepared by Heather Weiss, Energy Consultant914-364-1173Pricing Valid Until July 31, 2013

Solar System DesignLeavitt Residence

* Please note this proposal is an estimate and does not guarantee actual system production or savings. The system design may change based on a detailed engineering site audit. Actual system production and savings will vary based on the final system size, design, configuration, utility rates, applicable rebates and your family’s energy usage. © 2013 SolarCity Corporation. All rights reserved. NY 50856-H

Annual Electricity Mix

SolarElectric

Electric Usage Offset 99%Electric Bill Offset 99%



Solar System Proposal5.88 kW DC

UtilityYour Costs Without Solar

LIPA Price(Avoided 1st Yr Avg)

21.1¢/kWh

Annual Increase(Expected)

4.8%

Monthly Payment $113.36

Total Costs(Over 20 Years)

$44,041

SolarLeasePay As You Go Plan

SolarCity Price(1st Yr)

13.6¢/kWh

Annual Increase 2.9%

Initial Payment $0

NY State Tax Credit -$5,000(-4.1¢/kWh)

Monthly Payment $72

Total Savings(Over 20 Years)

$23,166

SolarLeaseCustom Plan

SolarCity Price(20 Yr Avg)

17.3¢/kWh

Annual Increase —

Initial Payment $0


Monthly Payment $88


$25,167

SolarLeasePrepay Plan

SolarCity Price(20 Yr Avg)

7.2¢/kWh

Annual Increase —

Initial Payment $8,740


Monthly Payment —


$34,675

Premium Service Package

SolarGuard® Monitoring. We continuously monitor your system and willrespond in the unlikely event that it underperforms. 20 years

Extended Warranty & Repair Service We take care of any repair costssuch as the inverter replacement, so you will not have to worry about it. 20 years

Insurance Coverage. Our all-inclusive system coverage protects againstdamage or theft. Included

Performance Guarantee. We guarantee that your system will produceas much electricity as we promise or we will pay you back! Included


® ® ®

SOLARLEASE

SolarCity Price (1st Year) 13.6¢/kWhLIPA Price (Avoided 1st Yr Avg) 21.1¢/kWhInitial Payment $0Monthly Payment $72Annual Increase 2.9%NY State Tax Credit -$5,000 (-4.1¢/kWh)

FINANCIAL BENEFITS

New Lower LIPA Bill $1Savings First Month $40Savings First Year $478Savings Over 20 Years $23,166Return on Investment (IRR Post-Tax) InfinitePayback Immediate

Current Price Comparison Payments Over 20 Years



SolarLease Pay As You Go Plan


®

SOLARLEASE

SolarCity Price (20 Yr Avg) 17.3¢/kWhLIPA Price (Avoided 20 Yr Avg) 34.2¢/kWhInitial Payment $0Monthly Payment $88Annual Increase —NY State Tax Credit -$5,000 (-4.1¢/kWh)

FINANCIAL BENEFITS

New Lower LIPA Bill $1Savings First Month $24Savings First Year $292Savings Over 20 Years $25,167Return on Investment (IRR Post-Tax) 0%Payback 0 years




SolarLease Custom Plan


®

SOLARLEASE

SolarCity Price (20 Yr Avg) 7.2¢/kWhLIPA Price (Avoided 20 Yr Avg) 34.2¢/kWhInitial Payment $8,740Monthly Payment $0Annual Increase —NY State Tax Credit -$2,185 (-1.8¢/kWh)

FINANCIAL BENEFITS

New Lower LIPA Bill $1Savings First Month $112Savings First Year $1,345Savings Over 20 Years $34,675Return on Investment (IRR Post-Tax) 24%Payback 5 years




SolarLease Prepay Plan


®

Advantage

A Great Looking RoofOur SleekMount™ technology blends into your roofline with a low-profile design and front trim. Solar panels come with distinctive black frames. It’s solar that complements your home while making it more efficient.

SolarCity Premium ServiceFive-point premium service includes your own personal energy advisor, custom in-house design work, onsite service from a local employee and energy expert, state of the art monitoring system, and the SolarCity 20-year performance guarantee. We include insurance and an extended warranty on workmanship and hardware—SolarCity will repair or replace broken components at no cost to you for the life of your contract.

Technology ChoiceOur modules are run through laboratory accelerated life testing and field monitoring to ensure they meet performance standards, durability targets. Only the best meet our standards.



SolarCity Advantage

Choose Advantage. Our most cost-effective package delivers enduring value with our state-of-the-artmounting system and black panel frames. This package includes our signature SolarCity Premium Service.




Environmental Benefits

We believe individual energy choices have a direct impact on the environmentand together we can make a real difference.

Your system will offset 192,953 lbs of CO2,saving the equivalent of Save more with other clean energy products

Driving a Car207,234 Miles

CO2 Absorbedby 104 Trees

48,658 Gallonsof Water Used toMake Electricity

Home Energy EvaluationA comprehensive audit will diagnosethe causes of energy loss and prioritizeimprovements with the greatest impact

Energy ImprovementsWe advise and implement energy upgradesto your heating, air conditioning,insulation, water heaters and more

Electric Vehicle ChargersWe install electric vehicle charging systemscompatible with all EVs. Combined withsolar power, you can drive on sunshine!




SolarLease Pay As You Go Plan Cash Flow

ANNUAL CASH FLOW

Year Electric BillWithout Solar

Electric BillWith Solar

Savings onElectric Bill Annual Payments Customer

IncentivesOverallSavings

CumulativeCash Flow

01 $1,360 $15 $1,345 ($867) $867 $1,345 $1,3452 $1,426 $23 $1,403 ($892) $892 $1,403 $2,7483 $1,494 $31 $1,463 ($918) $918 $1,463 $4,2114 $1,566 $40 $1,525 ($945) $945 $1,526 $5,7375 $1,641 $50 $1,591 ($972) $972 $1,591 $7,3286 $1,720 $61 $1,659 ($1,000) $405 $1,064 $8,3917 $1,802 $73 $1,730 ($1,029) $700 $9,0918 $1,889 $85 $1,804 ($1,059) $744 $9,8369 $1,979 $99 $1,881 ($1,090) $791 $10,62710 $2,074 $113 $1,961 ($1,122) $840 $11,46611 $2,174 $129 $2,045 ($1,154) $891 $12,35712 $2,278 $146 $2,132 ($1,188) $945 $13,30213 $2,388 $164 $2,224 ($1,222) $1,002 $14,30414 $2,502 $184 $2,319 ($1,257) $1,061 $15,36515 $2,622 $205 $2,418 ($1,294) $1,124 $16,48916 $2,748 $227 $2,521 ($1,331) $1,190 $17,67917 $2,880 $251 $2,629 ($1,370) $1,259 $18,93818 $3,018 $277 $2,741 ($1,410) $1,332 $20,26919 $3,163 $305 $2,859 ($1,451) $1,408 $21,67720 $3,315 $334 $2,981 ($1,493) $1,488 $23,166

20-year Sum $44,041 $2,811 $41,230 ($23,064) $5,000 $23,166


®



SolarLease Custom Plan Cash Flow

ANNUAL CASH FLOW



Savings onElectric Bill Annual Payments Customer


CumulativeCash Flow

01 $1,360 $15 $1,345 ($1,053) $1,053 $1,345 $1,3452 $1,426 $23 $1,403 ($1,053) $1,053 $1,403 $2,7483 $1,494 $31 $1,463 ($1,053) $1,053 $1,463 $4,2114 $1,566 $40 $1,525 ($1,053) $1,053 $1,525 $5,7375 $1,641 $50 $1,591 ($1,053) $788 $1,325 $7,0626 $1,720 $61 $1,659 ($1,053) $606 $7,6677 $1,802 $73 $1,730 ($1,053) $677 $8,3448 $1,889 $85 $1,804 ($1,053) $750 $9,0949 $1,979 $99 $1,881 ($1,053) $828 $9,92210 $2,074 $113 $1,961 ($1,053) $908 $10,83011 $2,174 $129 $2,045 ($1,053) $992 $11,82212 $2,278 $146 $2,132 ($1,053) $1,079 $12,90113 $2,388 $164 $2,224 ($1,053) $1,170 $14,07214 $2,502 $184 $2,319 ($1,053) $1,266 $15,33715 $2,622 $205 $2,418 ($1,053) $1,365 $16,70216 $2,748 $227 $2,521 ($1,053) $1,468 $18,17017 $2,880 $251 $2,629 ($1,053) $1,576 $19,74618 $3,018 $277 $2,741 ($1,053) $1,688 $21,43419 $3,163 $305 $2,859 ($1,053) $1,806 $23,24020 $3,315 $334 $2,981 ($1,053) $1,928 $25,167

20-year Sum $44,041 $2,811 $41,230 ($21,062) $5,000 $25,167


®



SolarLease Prepay Plan Cash Flow

ANNUAL CASH FLOW



Savings onElectric Bill Initial Payment Customer


CumulativeCash Flow

0 ($8,740) $2,185 ($6,555) ($6,555)1 $1,360 $15 $1,345 $1,345 ($5,210)2 $1,426 $23 $1,403 $1,403 ($3,807)3 $1,494 $31 $1,463 $1,463 ($2,344)4 $1,566 $40 $1,525 $1,525 ($818)5 $1,641 $50 $1,591 $1,591 $7726 $1,720 $61 $1,659 $1,659 $2,4317 $1,802 $73 $1,730 $1,730 $4,1618 $1,889 $85 $1,804 $1,804 $5,9649 $1,979 $99 $1,881 $1,881 $7,84510 $2,074 $113 $1,961 $1,961 $9,80611 $2,174 $129 $2,045 $2,045 $11,85112 $2,278 $146 $2,132 $2,132 $13,98313 $2,388 $164 $2,224 $2,224 $16,20714 $2,502 $184 $2,319 $2,319 $18,52615 $2,622 $205 $2,418 $2,418 $20,94416 $2,748 $227 $2,521 $2,521 $23,46517 $2,880 $251 $2,629 $2,629 $26,09418 $3,018 $277 $2,741 $2,741 $28,83519 $3,163 $305 $2,859 $2,859 $31,69420 $3,315 $334 $2,981 $2,981 $34,675

20-year Sum $44,041 $2,811 $41,230 ($8,740) $2,185 $34,675


®



Frequently Asked Questions

Does a solar system make financialsense for me?

Yes! Solar power is cleaner and less expensivethan power from the utility company. Solaris a smart financial investment because youwill save money every year as utility ratescontinue to escalate. Plus, a solar system willincrease your home value.

A SolarLease can be a better investment thanpurchasing your system because you do nothave a big upfront payment and can saveyour money for other opportunities. You savemoney every month on electricity bills andcan even be cash flow positive right away.

What are my options at the end ofthe contract?

A SolarLease is a very flexible way to go solar.When your contract ends, you have severalgood options from which to choose:• You can ask SolarCity to remove your

system for free.• You can upgrade to a new system with the

latest solar technology under a newcontract.

• You can extend your agreement in five yearincrements.

Can I decide to buy the system later?

No, but you have the option to renew yourlease in five-year increments and will haveother options at term end, as noted above.

How does the PerformanceGuarantee work?

SolarCity offers a performance guaranteethat your system will produce as muchelectricity as we promise, or we will pay youback annually.• The amount of electricity we promise to

deliver is specified in your contract, sothere are no surprises. We proudly stand byour claims.

• If your system underperforms, SolarCitywill refund you per kWh shortfall at the endof each year.

• Our production estimates take into accountnormal weather variation and solar panelperformance over time.

• We track your system performance throughour SolarGuard online monitoring service,which you also have access to 24/7.

What if I move to a new home?

You also have several options if you movebefore the end of the contract:• You can transfer it to the new owners at

no cost.• You can buy out the system and include

it in the value of the house—solar homestypically have a higher resale value.

• You can pay to have it moved to your newhome. See the contract for certainrestrictions.

How can the Refer a Friend Programcover my solar costs?

As soon as you become a SolarCitycustomer, you will qualify for our Refer aFriend Program.

We want to see more people save energyand adopt clean solar power. To show you ourappreciation, we will send you $400 for everynew friend you refer who installs a SolarCitysolar system on their home or $1,000 ontheir business. Just a few referrals a year cancover your solar costs.

GLOSSARY

Kilowatt Hour (kWh)

A measurement of energy consumption.One kilowatt hour is defined as the amountof energy consumed by a 1000-Wattappliance running continuously for 1 hour.This is the measurement your utility companyuses to calculate your electric bill.

More FAQ on solarcity.com/faq


1

SITE ASSUMPTIONS

System Size AC 5.13 kW

System Locations 2 Surfaces

Roof Material Comp Shingle Roof

Shading (% Sun) 70%, 90%

Direction 177°, 87°

Slope 22°, 22°

UTILITY ASSUMPTIONS

Utility Company for Electricity Long Island Power Authority (LIPA)

Monthly Electric Bill Avg $113

Monthly Electric Usage 537 kWh

Annual Electric Usage 6,447 kWh

Current Utility Rate Plan Generic $.211/kWh -

New Utility Rate Plan Generic $.211/kWh -

Utility Rate Increase 4.8%

PROMOTIONS

Promotions

FINANCIAL ASSUMPTIONS

Incentives—Financing

NY State Tax Credit based on 25.0 Percent of PaymentsLIPA Solar Pioneer Incentive at $0.970/CSI AC Watt

Incentives—Purchase

NY State Tax Credit based on 25.0 Percent of PaymentsLIPA Solar Pioneer Incentive at $0.970/CSI AC Watt

Federal Income Tax Rate 30.0%

State Income Tax Rate 6.0%

FINANCING TERMS

Term 20 years

Annual Payment IncreasePay As You Go Plan: 2.9%Custom Plan: 0%Prepay Plan: 0%

End of Terms Options Choice to renew, upgrade or free removal

NOTES



Assumptions


Accolades for SolarCity

There is no higher compliment than to be honored for the work that we love to do every day.

Awards Customer Testimonials Our Partners

Ranks SolarCity #10 in The World’sFifty Most Innovative Companies

Energy & Environment Award “Disruptivesolutions in the generation of renewable energy”

The Department of Energy recognizes SolarCityas the Green Power Supplier of the year

Ranks SolarCity #23 in theWorld’s Most Intriguing Businesses

Ranks SolarCity #1 inTwenty World Changing Ideas

"We were so excited about getting our solar installed but what really excited us was every time we spoke to someone at SolarCity, they were excited for us."

— STEVE

"The SolarCity team is the best I have ever had the opportunity to work with. They were polite, helpful, honest, and explained everything to me. They went above and beyond to make me happy."

— TONI

"We knew from the beginning we were dealing with a great company. We are ready to bask in the SolarCity sunshine and happy to be part of this wonderful family."

— ROBERT

More awards atsolarcity.com/awards

More testimonials atsolarcity.com/testimonials

Documents

r S3-60 GFX; OIL HOT WATER & HEAT · · 2014-01-0599% solar system proposal for house on \r long island, ny equipped with a model \r s3-60 gfx; oil hot water & heat