SOLARIZE WestonKICK-OFF SOLAR WORKSHOP

May 13, 2014

CONFIDENTIAL & PROPRIETARY © Renewable Resources Energy Solutions, Inc.

CONFIDENTIAL & PROPRIETARY © Renewable Resources Energy Solutions, Inc.

OUR COMMITMENTSolarize Weston

• Provide an HONEST AND CONSULTATIVE assessment for going solar

• Give special attention to the AESTHETIC APPEAL of each installation (panel selection, system design and layout)

• Provide high quality, high efficiency, BEST-IN-CLASS COMPONENTS at attractive rates

• Perform METICULOUS WORKMANSHIP with attention to detail

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THE BENEFITS OF SOLAR

• Reduce or even ELIMINATE your electric bill

• Hedge against RISING energy costs

• INCREASE value of your home

• CLEAN, GREEN, RENEWABLE energy source

• REDUCE your carbon footprint

Why Go Solar?

Energy Costs

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CURRENT TRENDS Solar and Utility

Connecticut Cost of ElectricityNational Cost/Watt for Solar Installation

Source: U.S. Energy Information AdministrationSource: U.S. Department of Energy

20002001

20022003

20042005

20062007

20082009

20102011

20122013

$0.0800

$0.1000

$0.1200

$0.1400

$0.1600

$0.1800

$0.2000

$0.2200

Cost of Electricity

19981999

20002001

20022003

20042005

20062007

20082009

20102011

20122013

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

$10.00

$11.00

$12.00

$13.00

< 10kW 10-100 kW > 100 kW

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ENVIRONMENTALImpact

Assumptions• System size: 7 kW• 1st year estimated production: 8,400 kWh• Total estimated production over 25 years: 189,840 kWh• Impact over 25-year warranty of panels

134 metric tons of carbon dioxide

Carbon sequestered by 3,434 tree seedlings grown for 10 years

CO₂ emissions from 311 barrels of oil consumed

CO₂ emissions from 15,016 gallons of gasoline consumedSource: Environmental Protection Agency

This system will offset:

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When determining a home’s suitability for solar one must consider:

HOW SOLAR WORKSIs My Home A Good Solar Candidate?

270°W 90°E

• Azimuth• Pitch• Available roof space• Shading issues

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HOW SOLAR WORKSSolar 101

1. Panels2. Microinverters3. PV Production

Meter4. Disconnect5. Electrical Panel6. Home Power

/Appliances7. Utility Meter8. Utility Distribution

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HOW SOLAR WORKSStep 1 - Flashing

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HOW SOLAR WORKSStep 2 - Rails

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HOW SOLAR WORKSStep 3 - Microinverters

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HOW SOLAR WORKSStep 4 - Panels

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HOW SOLAR WORKSStep 5 – Electrical Connections

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SOLAR PRODUCTIONEstimated Per Powerclerk vs. Actual

Hiller Residence (Central)Stamford, CT 06905

Lewis Residence (Micro)Milford, CT 06460

Eytel Residence (Micro)Stamford, CT 06902

System Size: 4,940 Watt Powerclerk Production: 6,225 kWh (Year One)

System Size: 6,120 WattsPowerclerk Production: 6,278 kWh (Year One)

System Size: 3,430 WattsPowerclerk Production: 3,134 kWh (Year One)

December

Jan-13

Febru

aryMarc

hApril

May

JuneJuly

August

0

100

200

300

400

500

600

November

December

Jan-13

Febru

aryMarc

hAprilMay

JuneJuly

August

0

100

200

300

400

500

600

700

800

November

December

Jan-13

Febru

aryMarc

hApril

May

JuneJuly

August

0

100

200

300

400

500

600

700

800

900

Estimated Per Powerclerk Actual

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THE SOLARIZE PROCESS

Prequalification

Site visit/shade analysis

Proposal

Contract

Home energy audit

Install (racking/inverters/panels/electrical)

Inspections (municipal/utility/CEFIA)

Utility approval to energize

Closeout meeting with homeowner

Start To Finish

Typically takes approximately 90 days

Permits

System design

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If my roof is not suitable, do I have other solar options?

HOW SOLAR WORKSGround Mount

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SOLARIZE PRICINGAvailable Incentives

CEFIA Rebate

• Rebate amount is based on the solar system’s efficiency (azimuth, shading degrees, pitch, etc.)

• Rebate is offered for system sizes up to 10kW• Rebate amount is deducted from the Gross

System Cost immediately (homeowner does not have to wait for the rebate)

30% Federal Income Tax Credit (ITC)

• 30% of the system cost after CEFIA rebate

• Tax Credit is available until 2016 and excess

Tax Credit amount may be carried over

• No incentive cap

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PURCHASE OR LEASEOptions

What makes it special? Do you own your system?

Requires a down-payment? Terms Minimum FICO

Direct Purchase Greatest return on investment and lowest cost per kilowatt hour Yes Yes – Minimum of

10% 90 days N/A

CT Solar Loan - Sungage

Low monthly payments to make owning solar affordable Yes Yes – Minimum of

5% 15 years 680

Smart-E Loan - Local Banks

Quick and easy financing from your local bank

Finance other home improvement projects related to solar, such as a

roof replacement

Yes Not required 5-12 years 640

Admiral's Bank Loan

Low monthly payments with a secured loan Yes Not required 5-20 years 650

GeoSmart Same-As-Cash Loan

(Only for ITC)

Option to "float" your 30% ITC for 12 months with no interest Yes Not required 12 months 650

CT Solar Lease - AFC First Bank

No money down; immediate savings on electric bill

No (option to buy after 5 years) Not required 20 years 640

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PURCHASE OR LEASETotal Savings Snapshot

Assumptions• System size: 7 kW• Utility cost of electricity: $0.19/kWh• Annual increase from utility: 3%

Total SavingsDirect Purchase $38,934.94CT Solar Loan $26,252.98CT Solar Lease - Non-escalating $15,936.21CT Solar Lease - 2.99% Escalator $13,675.89

• Direct Purchase and CT Solar Loan savings are over 25 years

• CT Solar Lease savings are over 20 years

Direct

Purchase

CT Solar

Loan

CT Solar

Lease

- Non-es

calati

ng

CT Solar

Lease

- 2.99% Es

calato

r$0.00

$5,000.00

$10,000.00

$15,000.00

$20,000.00

$25,000.00

$30,000.00

$35,000.00

$40,000.00

Total Savings

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Tier 13 Homes

$4.19/watt1kW – 25kW

Tier 24 - 8 Homes$4.16/watt25kW – 50kW

Tier 39 - 22 Homes$4.08/watt

50kW – 150kW

Tier 423 - 35 Homes

$4.01/watt150kW – 250kW

Tier 536+ Homes$3.98/watt

250kW +

Market Tier 1 Tier 3 Tier 5Price $31,360 $29,330 $28,560 $27,860

Cost per Watt $4.48 $4.19 $4.08 $3.98CEFIA Incentive ($7,225) ($7,225) ($7,225) ($7,225)

Federal Tax Credit ($7,240.50) ($6,631.50) ($6,400.50) ($6,190.50)Your Net Price $16,894.50 $15,473.50 $14,934.50 $14,444.50

SOLARIZE PRICINGTiered Approach – 7 kW System Size

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ADDITIONAL SERVICES

Emergency Battery Back-up Power

• Emergency back-up power to keep your lights on & your family safe during a blackout

• Your solar system charges the batteries for use when the electrical grid is down

• 100% CLEAN energy- ZERO emissions• Completely silent- no motors or moving parts

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FAQ

1. Do my solar panels produce energy when the grid goes down?

2. Do my solar panels only produce energy when the sun is out?

3. What maintenance is recommended?

4. Will a solar installation increase the value of my home?

5. Will installing solar increase my property taxes?

6. Does homeowner's insurance cover my solar system?

CONFIDENTIAL & PROPRIETARY © Renewable Resources Energy Solutions, Inc.