simple. solar. ownership. · invest in your home solar is green in more ways than one ... year...

EmpowerLoan Proposal for Valerie Castillo

Installation Company Elevation Solar

Energy Consultant Jorge Hernandez

Email [email protected]

Phone

Website http://elevationsolar.com/

Contract Date

Expiration Date

Homeowner Valerie Castillo

Homeowner Address 12003 Hycroft

City Live Oak

State TX

Zip Code 78233

Homeowner Phone

Homeowner Email [email protected]

Total System Price $30,640

Upfront Rebate (11,685)Down Payment (if any ) –

Loan Amount $18,955

State Tax Incentive ($) –

Other Rebate / Incentive ($) –

Federal Tax Incentive ($) (5,687)

Estimated REC Value ($) –

Net System Cost $13,269

15-Year System Monitoring Free

15-Year Product Warranty Free

15-Year Performance Guarantee Free

Pre-Incentive Monthly Payment $102.51

Post-Incentive Monthly Payment $102.33

Interest Rate 6.49%* Estimated savings and average electricity cost of solar power assuming monthly savings from solar system are not used to pay down loan; total estimated savings

with reinvestment equal to $29,397; cost of solar net of any applicable RECs

Simple. Solar. Ownership.

9565362279

May 18, 2015

June 1, 2015

2108453948

Total Estimated Lifetime Savings: $26,608

$0.19

$0.09

Utility Power Solar Power

Contact Information

Solar Provider Information

Client Information

Cost Savings and Purchase Price

EmpowerLoan Solar Savings -- 25 Years* 25-Year Avg. Price per kWh*

EmpowerLoan Payment Details

Purchase Price

$108,604

$57,435

$24,562

$26,608

Old Bill New Bill Cost of Solar Total Savings

proposal is a preliminary estimate and not an approval for a finance product.obligation. No party, including the solar installer, their service providers and Dividend Solar, provides any guaranties, warranties or representations regarding the production, utility rate increases or any other data in this sales proposal. ThisThe interest rate provided in this sales proposal is subject to credit approval by Dividend Solar, the financing provider for your loan. The data provided in this sales proposal is a preliminary estimate and does not represent a binding agreement or

1

Today 25 Years

Now Is the Time to Go SolarAs the benefits of going solar have become clear, there has been a decade-long surge in residential solar in the U.S.

• Residential solar has grown 75% annually since 2008

• More solar has been installed in the U.S. over the last 24 months than in the previous 30 years combined (SEIA)

Save Money — Solar Makes Economic CentsHomeowners' electric costs have increased 28 of the past 30 years, rising almost 40% in the last decade alone according to EIA.

In contrast, if you go solar with Elevation Solar, you can likely save money on your electric bill immediately.

Invest In Your Home

Solar Is Green In More Ways Than One

20,073 gallons

of gasoline

consumed

25 homes'

electricity use for

one year

64 tons of

waste sent to

the landfill

4,574 trees

grown for 10

years

Note: Calculations based on the EPA's greenhouse gas calculator.

$108,604

Solar energy systems are an attractive asset when selling your home, increasing the value of your home while decreasing its time

on the market. A 2013 study from the Lawrence Berkeley National Laboratory indicates that a medium-sized residential solar

system can add over $20,000 to the value of a home.

The benefits of solar energy are clear and create a significant positive impact on the world around us. Your system can reduce your

carbon footprint significantly, with an impact equivalent to:

2

The Cost of Doing Nothing

Why Go Solar?

Annual Solar PV Installations (MW) Total 25-Year Electricity Cost Home Value Appreciation


2

We use the highest-quality materials in constructing your system, with product warranties and a system performance guarantee for energy production.

Component Quantity Type

Module 32

Inverter 1

Monitor 1

System Size (kW) 8.32

Annual Energy Production (kWh)

Utility Company CPS Energy (City Public Service Board of San Antonio)

Your system generates additional savings by lowering your utility payments, with meaningful impact over time (especially once your loan is paid off).

And, if you reinvest your month-to-month savings, you can pay your loan off faster and earn greater savings over the life of your system.

Hanwha Q-Cells, Q.PRO BFR - G3 260 Utility Power Solar Power

SMA America, SB77000US (240V) 53% 47%

Locus LGate 120

10,982 kWh

$0

$1,000

$2,000

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

Pre-Solar Utility Bill Post-Solar Utility Bill

38%

59% 62% 65%

69% 73%

78% 83%

89%

96% 100% 100% 100%

-$5,000

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

Cumulative Savings Percent Owned

Year

System Overview

System Size and Production

Utility

Post-Solar Energy Contribution

Your Custom-Designed System

Your Solar Savings and Ownership Timeline

Solar Savings and System Ownership

Electricity Bill Comparison

Annual Electricity Cost Comparison Production vs. Consumption Comparison

0

400

800

1,200

1,600

2,000

2,400

2,800

3,200

3,600

Usage Output


3

Going solar will save you thousands of dollars on your utility bill over time. You can choose to keep your savings each month, but if you choose to use those

savings to pay off your loan earlier, your total savings will increase significantly.

Electricity Price Growth 4.8% 25-Year Total Savings $26,608

Savings Used to Paydown Loan? No Payback Period 20.0 Years

Downpayment $0

Annual Utility Bill Loan Payments With Savings Not Used to Paydown Loan Total Cash Flow Savings Total Equity

Year Pre-Solar Post-Solar Difference Loan Payment Surplus Credits Net Solar Payments Annual* Cumulative* in System**

1 $2,339 $1,155 $1,184 $1,230 $0 $1,230 -$46 -$46 $11,685

2 $2,451 $1,217 $1,234 $1,229 $0 $1,229 $6 -$41 $17,621

3 $2,569 $1,282 $1,287 $1,228 $0 $1,228 $59 $18 $18,015

4 $2,692 $1,350 $1,342 $1,228 $0 $1,228 $114 $132 $18,436

5 $2,821 $1,422 $1,400 $1,228 $0 $1,228 $172 $304 $18,886

6 $2,957 $1,498 $1,459 $1,228 $0 $1,228 $231 $535 $19,365

7 $3,099 $1,577 $1,522 $1,228 $0 $1,228 $294 $829 $19,876

8 $3,248 $1,661 $1,587 $1,228 $0 $1,228 $359 $1,188 $20,421

9 $3,403 $1,749 $1,655 $1,228 $0 $1,228 $427 $1,615 $21,003

10 $3,567 $1,841 $1,725 $1,228 $0 $1,228 $497 $2,112 $21,624

11 $3,738 $1,939 $1,799 $1,228 $0 $1,228 $571 $2,684 $22,286

12 $3,917 $2,041 $1,876 $1,228 $0 $1,228 $648 $3,332 $22,993

13 $4,105 $2,149 $1,956 $1,228 $0 $1,228 $728 $4,060 $23,747

14 $4,303 $2,263 $2,040 $1,228 $0 $1,228 $812 $4,872 $24,551

15 $4,509 $2,382 $2,127 $1,228 $0 $1,228 $899 $5,772 $25,409

16 $4,726 $2,507 $2,218 $1,228 $0 $1,228 $990 $6,762 $26,324

17 $4,952 $2,639 $2,313 $1,228 $0 $1,228 $1,085 $7,847 $27,301

18 $5,190 $2,778 $2,412 $1,228 $0 $1,228 $1,184 $9,031 $28,343

19 $5,439 $2,924 $2,515 $1,228 $0 $1,228 $1,287 $10,318 $29,454

20 $5,700 $3,078 $2,623 $1,228 $0 $1,228 $1,395 $11,713 $30,640

21 $5,974 $3,239 $2,735 $0 $0 $0 $2,735 $14,448 $30,640

22 $6,261 $3,409 $2,852 $0 $0 $0 $2,852 $17,300 $30,640

23 $6,561 $3,587 $2,974 $0 $0 $0 $2,974 $20,273 $30,640

24 $6,876 $3,775 $3,101 $0 $0 $0 $3,101 $23,374 $30,640

25 $7,206 $3,973 $3,233 $0 $0 $0 $3,233 $26,608 $30,640

Total $108,604 $57,435 $51,170 $24,562 $0 $24,562 $26,608 $26,608 $30,640

Utility Bill Savings $51,170

Plus: REC Income (if applicable) $0

Less: Net Solar Payments (incl. down payment) ($24,562)

25-Year Total Savings $26,608

* When applicable, includes REC income; cash flows exclude potential inverter replacement expenditure of approximately $1,000 in Year 16; excludes any down payment (if applicable)

** Year 1-2 equity increase driven primarily by Incentive Payment of $5,687, which is equal to the 30% Federal Tax credit, except in cases with down payments

+ =

Your Economics Full Service Simple Take back the power. We’ve got you covered. Say goodbye to paperwork.

• $0-down loan • Long-term full service offering • Instant credit decision

• Energy savings • Performance guarantee • Streamlined process

• You receive the tax benefits • System warranty • Online loan execution

• Invest in your home • Real-time monitoring • Automated payments

Annual Payment Comparison -- Savings NOT Used to Paydown Loan

Assumptions Savings and Payback Period

Benefits of Dividend Solar EmpowerLoan


4

Going solar will save you thousands of dollars on your utility bill over time. You can choose to keep your savings each month, but if you choose to use those

savings to pay off your loan earlier, your total savings will increase significantly.

Electricity Price Growth 4.8% 25-Year Total Savings $29,397

Savings Used to Paydown Loan? Yes Payback Period 13.9 Years

Downpayment $0

Annual Utility Bill Loan Payments With Savings Used to Paydown Loan Total Cash Flow Savings Total Equity

Year Pre-Solar Post-Solar Difference Loan Payment Reinvested Savings Total Solar Payments Annual* Cumulative in System**

1 $2,339 $1,155 $1,184 $1,230 $0 $1,230 -$46 -$46 $11,685

2 $2,451 $1,217 $1,234 $1,229 $0 $1,229 $6 -$41 $17,621

3 $2,569 $1,282 $1,287 $1,228 $18 $1,246 $41 $0 $18,034

4 $2,692 $1,350 $1,342 $1,228 $114 $1,342 $0 $0 $18,574

5 $2,821 $1,422 $1,400 $1,228 $172 $1,400 $0 $0 $19,209

6 $2,957 $1,498 $1,459 $1,228 $231 $1,459 $0 $0 $19,948

7 $3,099 $1,577 $1,522 $1,228 $294 $1,522 $0 $0 $20,801

8 $3,248 $1,661 $1,587 $1,228 $359 $1,587 $0 $0 $21,778

9 $3,403 $1,749 $1,655 $1,228 $427 $1,655 $0 $0 $22,890

10 $3,567 $1,841 $1,725 $1,228 $497 $1,725 $0 $0 $24,150

11 $3,738 $1,939 $1,799 $1,228 $571 $1,799 $0 $0 $25,569

12 $3,917 $2,041 $1,876 $1,228 $648 $1,876 $0 $0 $27,163

13 $4,105 $2,149 $1,956 $1,228 $728 $1,956 $0 $0 $28,946

14 $4,303 $2,263 $2,040 $1,069 $677 $1,746 $294 $294 $30,640

15 $4,509 $2,382 $2,127 $0 $0 $0 $2,127 $2,422 $30,640

16 $4,726 $2,507 $2,218 $0 $0 $0 $2,218 $4,640 $30,640

17 $4,952 $2,639 $2,313 $0 $0 $0 $2,313 $6,953 $30,640

18 $5,190 $2,778 $2,412 $0 $0 $0 $2,412 $9,365 $30,640

19 $5,439 $2,924 $2,515 $0 $0 $0 $2,515 $11,880 $30,640

20 $5,700 $3,078 $2,623 $0 $0 $0 $2,623 $14,503 $30,640

21 $5,974 $3,239 $2,735 $0 $0 $0 $2,735 $17,238 $30,640

22 $6,261 $3,409 $2,852 $0 $0 $0 $2,852 $20,089 $30,640

23 $6,561 $3,587 $2,974 $0 $0 $0 $2,974 $23,063 $30,640

24 $6,876 $3,775 $3,101 $0 $0 $0 $3,101 $26,164 $30,640

25 $7,206 $3,973 $3,233 $0 $0 $0 $3,233 $29,397 $30,640

Total $108,604 $57,435 $51,170 $17,035 $4,737 $21,772 $29,397 $29,397 $30,640

Utility Bill Savings $51,170

Plus: REC Income (if applicable) $0

Less: Net Solar Payments (incl. down payment) ($21,772)

25-Year Total Savings $29,397

* When applicable, includes REC income; cash flows exclude potential inverter replacement expenditure of approximately $1,000 in Year 16; excludes any down payment (if applicable)

** Year 1-2 equity increase driven primarily by Incentive Payment of $5,687, which is equal to the 30% Federal Tax credit, except in cases with down payments

There are significant economic benefits of using the savings on your electric bill to paydown your EmpowerLoan early, allowing you to maximize total savings.

Benefit of Using Savings to Paydown Loan: $2,790

$26,608 $29,397

Savings NOT Used to Paydown Loan

Savings Used to Paydown Loan

20.0 Years

13.9 Years

Savings NOT Used to Paydown Loan

Savings Used to Paydown Loan

Annual Payment Comparison -- Savings Used to Paydown Loan

Assumptions Savings and Payback Period

Benefits of Using Savings to Paydown Your EmpowerLoan

Total Savings Over 25 Year Period Payback Period


5

Utility CompanyCurrent Rate Structure

Post-Solar Rate Structure

Current Annual Utility Bill $2,339Annual Utility Price Escalator 4.8%

System Size (kW) 8.3 Component Quantity Type

Year 1 System Production (kWh) 10,982 Module 32

Annual System Degradation 0.5% Inverter 1

25-Year System Production (kWh) 258,703 Monitor 1

Note: Your system includes 15 years of production guarantees, warranty management and performance monitoring.

Total Loan Amount $18,955Interest Rate 6.49% The interest rate provided in this sales proposal is subject to credit approval by Dividend Solar. Loan Term 20 Years Please read the section below regarding No Prepayment PenaltiesRequired Payment by Month 16 $5,687 Please read the section below regarding the Incentive Payment

Upfront Rebate $11,685 Federal Tax Incentive ($) $5,687 State Tax Incentive ($) $0 Other Incentive $0

Note: All incentives and rebates are based on the available incentives at the time of this sales proposal, and are subject to future regulatory changes.

Incentive Payment Overview -- 30% of Loan Amount due by Month 16

No Prepayment Penalties to Maximize Savings

Solar System Lifespan

Net Metering

Automatic Payment ("ACH") Discount

SP-14341*Neither Elevation Solar nor Dividend Solar provides tax or legal advice. You should consult your tax advisor for more information.

CPS Energy (City Public Service Board of San Antonio)$0.10Net Metered Residential Service (Rate RE)

SMA America, SB77000US (240V)Hanwha Q-Cells, Q.PRO BFR - G3 260

Please note that interest rates quoted in Loan Agreements include a 0.50% automatic payment (ACH direct debit) discount. If you do not wish to sign up for automatic

payments, your loan will not include the 0.50% automatic payment discount.

At times, your solar energy system will produce more electricity than you can use, and the surplus electricity is returned to the utility grid to be used by other consumers.

This process is called “net metering,” and it effectively credits you for excess production and bills you for the net amount of electricity that you have pulled from the grid.

Locus LGate 120

Note: This sales proposal was modeled using the rate structures shown above. If the Post-Solar Rate Structure is different than your Current Rate Structure, you should

contact your utility company to switch to the Post-Solar Rate Structure after installation. This will allow you to maximize your savings and realize the full economic benefits

outlined in this sales proposal.

One of the biggest advantages of buying (rather than leasing) your solar energy system is that you may qualify for a tax credit from the federal government of up to 30% of

the expenditure of your system.* In order to keep your interest rate low, the loan terms require you to use your tax credit to pay down the principal on your EmpowerLoan

by the 16th month of your loan (the Incentive Payment). The Incentive Payment amount is equal to 30% of your loan amount. In most cases, this is money you would

otherwise owe to the federal government that you are now able to use to invest in your energy independence. If you don’t make the Incentive Payment in full by the 16th

month of your loan, your outstanding principal will be subject to an increased interest rate until the Incentive Payment is made, after which your interest rate will return to

your original low rate.

You can prepay your loan at any time without penalty. Prepayments will not change the interest rate or monthly minimum payment required, but paying early will reduce

the effective term of your loan and save you money by reducing the amount of interest you will pay in the future. If you choose to use your monthly savings to help pay off

your loan, you can maximize savings over the life of your system.

Most solar systems can be productive for 25-30 years or more and their primary operating components come with long-term manufacturers' warranties. As part of your

EmpowerLoan, Elevation Solar will manage those warranties and provide long-term system performance guarantees on your system.

Key Proposal Assumptions

Utility Assumptions

System Assumptions

Loan Assumptions

Incentive Assumptions

What Else Do I Need to Know?


6

simple. solar. ownership. · invest in your home solar is green in more ways than one ... year...

Documents