2016

Rooftop Solar PV Project Proposal

For Dhillons Residence
(for preliminary purpose)

Solrena, Inc.
6/13/2016

PROP-16R1613

Table of Contents
EXECUTIVE SUMMARY & SCOPE OF WORK
SYSTEM OVERVIEW
PRELIMINARY ANALYSIS

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PROP-16R1613

EXECUTIVE SUMMARY & SCOPE OF WORK

This preliminary proposal is for Roof top Solar PV Installation project on the residentail building located at 10 Adair Way,
Hayward, CA.
Since the house is newly built in 2015 and does not have dependable energy consumption data yet, the data used in this
proposal is recent 6 month data from October, 2015 to March, 2016. Based on this assumption, this house is expected to
consume approximately 17900 kWh per a year. About 77% of electrical energy would be saved with the Solar PV system of
this proposal.
The following items are included in this proposal:
1. Design of Roof top Solar PV system.
2. Procurement of materials for Solar PV system.
3. City Building permit and PG&E's NEM and Interconnection permit.
4. Field Investigation.
5. Sales Tax.
6. 15 year Labor warranty for defective major equipments for equipment's warraty service.

ASSUMPTIONS
This proposal is calculaed based on the the following:
Solar PV System Life:
PV Module Degradation Rate:
Utility inflation rate:
Electricity Usage

25 years
0.5%/year
5%/year
2% increase annually

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PROP-16R1613

SYSTEM OVERVIEW
SYSTEM DESCRIPTION
Solar Module: Canadian Solar CS6P-260P

(72 Cell 320Wdc Module)

Inverter: SolarEdge SE7600A with Power Optimizer P300

Monitoring System: SolarEdge Monitoring
Racking & Mounting: Ironridge Rail mounting

NOTE: 1. All materials may be subject to change due to material availability and site situation. Replaced materials will have equivalent
or above performance.

MAJOR EQUIPMENTS
PV Module

Inverter

Racking & Mounting

Ironridge
Canadian Solar

SolarEdge

XR100

CS6P-260P

SE7600A

20 yrs. Warranty

25 yrs. Performance Warranty

20 years Warranty

Monitoring System

Power Optimizer

SolarEdge

SolarEdge

Monitoring

P400

Warranty with Inverters

25 yrs. Warranty

PROP-16R1613

PRELIMINARY ANALYSIS
Proposed Layouts & Solar PV System Performance

9.1 kWdc

System Size:
No. of Modules:

35

No. of Inverters:

Current Energy Usage:

17,900 kWh/year

Current Energy Bill:

$5,800/year

Energy Production:

13,739 kWh/year

ROOF LAYOUT NOT AVAILABLE

Energy Saving Ratio:

77%

Savings with System:

(APPROXIMATE)

$4,600/year
$383/month

Payback Period:

5.4 yrs

Net Present Value:

$76,409

PV Installation Cost:

$37,999

Total Cost: $37,999

( $4.2/watt )
Investment Tax Credit:

Incentives

$11,400 (30% of Solar PV Installation Cost)

ESTIMATED ECONOMICS OF SOLAR PV SYSTEM

FINANCING 100%

FINANCING 70%
(AFTER ITC)

$483

$483

New Average Monthly Electricity Bill:

$100

$100

Monthly Financing Payment:

$306

$214

YEAR 1
1. Electricity Bill: current monthly bill

2. New Electricity Bill with Solar PV

Total Monthly Payment with Solar PV:

$406
84% OF CURRENT
BILL

$314
CURRENT
65% OF
BILL

3. Comparions of Before and After

Item 1 - Item 2

$77

$169

Financing Assumptions
Loan Term:

25 yrs

Loan Rate:

8.50%

( BLUE means savings and RED means loss.)

NOTES:

1. This table shows a numerical value of the saving based on the assumed loan conditions. The loan condition may vary depending on the actual
conditions.
2. Savings on this pagee is based on purely estimation. Actual savings may be different from this esitimation.
3. Energy production of Solar PV system is based on current PG&E fee schedule and 30 year solar radiance data. Actual results may vary.
4. Financing cost including closing fee is not included.

PROP-16R1613

PRELIMINARY ANALYSIS
Monthly Electric Bills (Year 1)

W/O Solar system

W/ Solar System

$700
$600

Monthly Cost

$500
$400
$300
$200
$100
$0
Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Months

Annual Electric Bill Distribution for 25 Years

W/O Solar System

$60,000

W/ Solar System

$50,000

Utility Bill

$40,000

$30,000

$20,000

$10,000

$0
1

10

11

* NOTE:
1. Electric bill is approximate values based on data. Actual bill may be different.

12

13

Year

14

15

16

17

18

19

20

21

22

23

24

25

PRELIMINARY ANALYSIS

PROP-16R1613

Cash Flow for 25 years

Annual Savings

Cumulative Savings

$310,000

$260,000

$210,000

Savings

$160,000

$110,000

$60,000

$10,000
0

10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

($40,000)

Years

Assumptions
This proposal is calculaed based on the the following:
Solar PV System Life:
PV Module Degradation Rate:
Utility inflation rate:
Electricity Usage

25 years
0.5%/year
5%/year
2% increase annually