Residential Financing Options
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Residential Financing Options

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Presenter: Jonathan Bass, Solar City

Presenter: Jonathan Bass, Solar City

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Residential Financing Options Residential Financing Options Presentation Transcript

  • CCSE Solar Energy Week Residential Financing Options Jonathan Bass, SolarCity Slide 1 Slide 1 SolarCity CONFIDENTIAL SolarCity CONFIDENTIAL
  • Agenda About SolarCity Solar Financing Drivers Solar Financing Options Financing Accompaniments Questions for Providers Slide 2 SolarCity CONFIDENTIAL
  • A Full Service Solar Provider SolarCity is a one-stop shop for homes and businesses Financing Design Installation Monitoring & Maintenance Slide 3 SolarCity CONFIDENTIAL
  • SolarCity At A Glance Quick Facts Innovations 4,000+ Customers SolarLease™ 2,000+ Solar Leases SolarGuard™ 3 States—CA, AZ, OR PowerGuide™ 450 Employees SolarWorks™ Slide 4 SolarCity CONFIDENTIAL
  • Why Do Homeowners Choose Solar? Environmental stewardship Protect against future costs Save money immediately Slide 5 SolarCity CONFIDENTIAL
  • California Electricity Generation Mix California generates 64% of its electricity from fossil fuels Large price swings occur, as there is a finite supply of resources Data Source: Energy Information Administration, Jan 09 Slide 6 SolarCity CONFIDENTIAL
  • Solar Compared to Top SDGE Tiers 34¢/kWh 32¢/kWh Solar Power 15¢/kWh 13¢/kWh Tier 1 Tier 2 Tier 3 Tier 4 $40/mo $55/mo $120/mo Slide 7 SolarCity CONFIDENTIAL
  • Net Metering Makes Solar Economics Work Midnight Buy Low (less $ per kWh) Part Off-Peak Peak Hours 6 PM 6 AM Peak Hours Part Peak Sell High (more $ per kWh) Noon Slide 8 SolarCity CONFIDENTIAL
  • Residential Financing Options Slide 9 SolarCity CONFIDENTIAL
  • Purchase Roughly Half Gross Cost in San Diego Provides excellent return on investment over system life Slide 10 SolarCity CONFIDENTIAL
  • Solar Leasing Can provide clean power to homeowners at a cost less than the utility $200 • Can eliminate upfront cost • Immediate Savings $150 • A full package of services SOLARLEASE  OLD UTILITY  PAYMENT $100 • System owner takes care BILL of everything for the customer $50 NEW UTILITY  BILL $0 Slide 11 SolarCity CONFIDENTIAL
  • Financing Accompaniments Slide 12 SolarCity CONFIDENTIAL
  • Key Terms of a Solar Proposal MONTHLY SAVINGS BENEFITS OVER 15 YEARS Before Solar SolarLease Estimated Savings Over 15 years $15,134 Utility Bill $250 $87 SolarLease Payment $113 Payback Immediate Total Monthly Cost $250 $200 After-Tax ROI Infinite Net Monthly Savings $50 SOLARLEASE  OLD PAYMENT ELECTRIC BILL NEW ELECTRIC BILL Slide 13 SolarCity CONFIDENTIAL
  • Web Calculator Allows You to Compare Options Slide 14 SolarCity CONFIDENTIAL
  • Production Monitoring Provides Accountability Online Account Tracks your system production 24/7 Viewable from your computer, corporate website, lobby kiosk or iPhone Monitoring & Repair Service Proactive monitoring identifes problems before they affect your savings Uptime is a key component of the return on your solar investment Slide 15 SolarCity CONFIDENTIAL
  • Energy Usage Monitoring Changes Behavior Shows when and how you are using energy throughout the day Highlights opportunities to reduce or modify energy use to increase savings The Bottom Line Energy Usage Monitoring allows the homeowner to get a better return on a solar investment Slide 16 SolarCity CONFIDENTIAL
  • Questions to Ask When Considering Financing Options Installation Partner?—Who is your installation partner, and how does their product/service guarantee align with the financing option you’ve chosen? Which Products and Services? —Which solar products and services are included in your financing option, and who takes care of what? Does your service include monitoring? A performance guarantee? Terms—Upfront cost? Immediate savings? Lifetime savings? Buy or Lease? Predicted Performance —Output of your system will impact your costs and ROI, be sure to familiarize yourself with the data behind your financing partner’s performance predictions Slide 17 SolarCity CONFIDENTIAL
  • 888.SOL.CITY I 888.765.2489 I SOLARCITY.COM Slide 18 SolarCity CONFIDENTIAL