Solar Energy Choices Magazine3

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Solar Energy Choices Magazine3

  1. 1. Solar Energy Choiceswww.powerchoicesavings.com Solar Energy Today: Raj Dwivedi’s Blog Delivering on the Promise For Power Choice Savings Mercury Solar Systems, Inc. Commercial Solar Division Raj Dwivedi 410-992-2646 office; 301-892-0207 mobile rdwivedi@mercurysolarsystems.com
  2. 2. Mercury Solar Systems• Headquarters in Port Chester, NY• Multiple offices in NY, CT, NJ, PA, MA, MD (200 employees)• Over 2000 installations on the East Coast! • 3 lines of business• Average over 20 years experience in solar engineering, professional services, finance, customer service & general contracting services• Company growth is organic and through strategic acquisition• Single source for design, procurement, installation and service • Solar electric (leveraging industry leading products)• Experience with local utilities, building permits & other agencies• Financially strong with over 870% growth in past 3 years!• Inc. 500 top 10 in 2010; top 14 in 2011• Over 2000 installations and $100 million in revenues
  3. 3. Mercury Lines of Business Diverse Global Partnerships Diverse and efficient supply chain provides smart risk mitigation strategy and provides added assurance that that the supply chain is not affected by market disruptions due to tariffs, new technologies, new entrants or the bargaining power of any one supplier. Mercury Solar Systems procures more solar PV panels and operates on a scale unique to most other US solar PV integrators with Solar PV revenues of close to $100 million in 2010. Access to CapitalMercury Solar Systems enjoys access to capital from Oppenheimer Funds and others becauseof the company’s strong financial performance and zero financial liabilities. Customers havemore options with Mercury than most other PV integrators because Mercury services and commits to operate and maintain 3rd party installed systems. Mercury Solar Systems is chosen as the financial partner and PV integrator because of their commitment, experience and quality in building solar PV power plants to last 25 yrs maintaining warranty.
  4. 4. Value of Working with Mercury Solar Systems• Access to Capital• Management Team• Growth & Risk Mitigation Plan• Horizon Scan For Industry Sector• Company’s Exit Strategy• Turnkey Design/Build Firm• Provide Host Customer with Best Solution for their needs• Financially Strong and Growing Business• Work with Strong Partners – PSE&G – SunPower – SunEdison• Develop Financing options after Design of Solution• Customer’s get a quality solution!
  5. 5. Standard Methodology for Installations Operations & Site Analysis MaintenanceConstruction Design && Installation Engineering Procurement Permitting
  6. 6. Notable Corporate CustomersCommercial: • BP Solar O&M Contract (BP Solar exited industry) • PSE&G, Newark, NJ 1.1MW • Pepsi, Valhalla, NY-50kW • Talbot County, Maryland 550kW • Oakdale High School, Frederick, MD 500kW • Estee Lauder, Long Island, NY -100kW • Benerofe Properties, Purchase, NY - 200kW • Daymon Worldwide, Stamford CT - 353kW • International Rollforms, Deptford, NJ - 383 kW • World Class Flowers, Egg Harbor Twp, 600kW • Over 35mW so far installed by Mercury Solar Systems thru 2012Residential: • Over 1200 solar systems installedMunicipalities: • Awarded 12 projects in NJ,NY & MD
  7. 7. Solar PV Carports & Electric Vehicle Let Raj Dwivedi with Mercury SolarSystems help attract new business Charging Stations Make for Goodto your commercial space with solarpowered parking ports. 33 available Investment Attracting New Customers andparking spaces will generate around Brand Enhancement to parking space!73,088 kWh which has a SRECvalue in MD of $18,250 at today’sSRECTrade value of $250/SREC or1,000 kWh.Get multiple benefits by installing PVsolar carports to shade vehicles,maximize available land use withoutdisturbing fields, avoid roofupgrades, provide smart EVcharging stations in your lot space.This not only improves the value ofyour space, but brings newawareness to EV drivers of yourcommercially owned space. Level 2smart charge systems fromproviders such as Semaconnectprovide commercial building ownerswith intelligent charger systemswhich can fully charge EV batteriesin 4 hours and bill the meteredusage directly to a credit card usingtheir intelligent RFID system whichfunctions much like the EZ Passsystem. A 15 minute trip to the storeextends the range on the EV by 15to 20 miles and EV drivers seek outEV charging sites.The EV smart metered chargingstation is a profitable solution forcommercial shopping sites wherehaving a Solar PV array as thesource of the power benefits theproperty owners in measurable waysthat are extremely profitable andcash flow positive from day one.Commercial building owners caneasily convert their parking spacesinto revenue generatingopportunities encouraging EVdrivers to seek out their facilities. Contact Raj Dwivedi at 301-892-0207, 410-992-2646 orrdwivedi@mercurysolarsolutions.com
  8. 8. Thomas Edison in 1931 said, “I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait until oil and coal run out before we tackle that.”Solar PV Technology is Economical & Smart!Oakdale High School below lowered their cost of electricity by 50%
  9. 9. Financial Solutions Purchase Executive Summary - Capital Purchase Sample System Performance Summary 11% System Information: System Total Size (KW): 98.84 Production Compared to Year 1 Usage: Usage Panel Type and Quantity: 353 (G) Std Efficiency, 280W, 77"x39.1" Usage for 1 Year: 1,000,000 kWh Inverter Type and Quantity: 2 (G) Central/String Inverter Est. 1 Year Electricity Production: 114,000 kWh Panel Tilt: 5 Percentage of Production to Usage: 11% Solar Azimuth: 200 Avoided Cost ($/KWh): $0.135 Roof Coverage of Solar: 9,006 sq. ft. Generation 89% Net Cost Information: Your Solar System: Project Cost: $427,977 Total Power Production: 2,685,378 kWh LESS: 30% Federal ITC: ($128,393) 25 Year Average Rate per kWhr with Solar: $0.046 LESS: Maryland Rebate: ($49,420) Upside of SRECs at $250: $268,358 Mercury Commercial Information: Net Cost Before Depreciation: $250,164 January 2011 - Present Installed: 150 Systems vs. The Utility Company Over 25 Years: January 2011 - Present Installations: $70,000,000 Revenue LESS: Tax Impact of Total Dep.: ($145,512) 25 Year Average Rate of Remaining with Utility: $0.276 January 2011 - Present mW Installed: 15 mW Tax on Rebate: $19,768 25 Year Cost Without Going Solar: ($731,741) 2011 Sales to Date: $80,000,000 Revenue Net Cost After Incentives: $124,420 2010 Sales: $101,466,207 Revenue 2010 mW Sold: 26.597 mW Est. SREC Revenue (Year 1): $28,500 Annual Environmental Impacts: Largest System Installed in 2011: 3.6mW Est. Electricity Savings (Year 1): $15,390 Cans of Soda Recycled: 216,908 1st Year Earnings/Savings: $43,890 Trees Planted: 1,904 Waste Recycled vs. Landfilled: 34,281 lbs. Simple Pre Tax Payback: 34 Months CO2 Offset: 81,852 lbs. Gasoline not Burned: 3,261 gal. Depreciation Schedule Cash on Cash with Bonus Depreciation Cash Flow Payback: 59 Months Total Project Investment $427,977 NPV: $152,255 Adjusted Basis $363,781 Annual Rate of Return: 15% 50% Depreciation $181,890 Cumulative Cash for 25 Years: $449,866 Cumulative Cash Lifetime MACR Schedule 50% Bonus Depreciation Tax Impact at 40% $500,000 $400,000 yr 1 60.02% $218,341 $87,336 $300,000 yr 2 16.00% $58,205 $23,282 $200,000 yr 3 9.60% $34,923 $13,969 $100,000 yr 4 5.75% $20,917 $8,367 $0 yr 5 5.75% $20,917 $8,367 ($100,000) yr 6 2.88% $10,477 $4,191 ($200,000) 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 Totals $363,781 $145,512Notes:Electricity rates are assumed to increase and average of 5.5% per annum Useful Economic Life of a system is assumed to be 25 years System degradation is assumed at an average of .5% per annum The Federal Investment Tax Credit is 30% of the system cost SRECs are assumed at $250 for Year 1, then follows the ACP for Years 2-15 Assumed tax rate is 40%
  10. 10. Financial Solutions Loan Executive Summary - Loan Option Sample 99kW System System Performance Summary 11% System Information: System Total Size (KW ): 98.84 Production Compared to Year 1 Usage: Usage Panel Type and Quantity: 353 (G) Std Efficiency, 280W, 77"x39.1" Usage for 1 Year: 1,000,000 kWh Inverter Type and Quantity: 2 (G) Central/String Inverter Est. 1 Year Electricity Production: 114,000 kWh Panel Tilt: 5 Percentage of Production to Usage: 11% Solar Azimuth: 200 Avoided Cost ($/KWh): $0.135 Roof Coverage of Solar: 9,006 sq. ft. Generation 89% Net Cost Information: Your Solar System: Amount to Finance: $427,977 Total Power Production: 2,685,378 kWh LESS: 30% Federal ITC: ($128,393) 25 Year Average Rate per kW hr with Solar: $0.068 LESS: Maryland Rebate: ($49,420) Upside of SRECs at $250: $268,358 Mercury Commercial Information: Net Cost Before Depreciation: $250,164 January 2011 - Present Installed: 150 Systems vs. The Utility Company Over 25 Years: January 2011 - Present Installations: $70,000,000 Revenue LESS: Tax Impact of Total Dep.: ($145,512) 25 Year Average Rate of Remaining with Utility: $0.276 January 2011 - Present mW Installed: 15 mW Tax on Rebate: $19,768 25 Year Cost W ithout Going Solar: ($731,741) 2011 Sales to Date: $80,000,000 Revenue Net Cost After Incentives: $124,420 2010 Sales: $101,466,207 Revenue 2010 mW Sold: 26.597 mW Est. SREC Revenue (Year 1): $28,500 Annual Environmental Impacts: Largest System Installed in 2011: 3.6mW Est. Electricity Savings (Year 1): $15,390 Cans of Soda Recycled: 216,908 1st Year Earnings/Savings: $43,890 Trees Planted: 1,904 W aste Recycled vs. Landfilled: 34,281 lbs. CO2 Offset: 81,852 lbs. Gasoline not Burned: 3,261 gal. Depreciation Schedule Cash on Cash with Bonus Depreciation Cash Flow Payback: Not Applicable Total Project Investment $427,977 NPV: $179,524 Adjusted Basis $363,781 Annual Rate of Return: No Outlay 50% Depreciation $181,890 Cumulative Cash for 25 Years: $415,086 Cumulative Cash Lifetime MACR Schedule 50% Bonus Depreciation Tax Impact at 40% $500,000 yr 1 60.02% $218,341 $87,336 $400,000 yr 2 16.00% $58,205 $23,282 $300,000 yr 3 9.60% $34,923 $13,969 $200,000 yr 4 5.75% $20,917 $8,367 $100,000 yr 5 5.75% $20,917 $8,367 $0 yr 6 2.88% $10,477 $4,191 ($100,000) 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 Totals $363,781 $145,512Notes:Electricity rates are assumed to increase and average of 5.5% per annum Useful Economic Life of a system is assumed to be 25 years System degradation is assumed at an average of .5% per annum The Federal Investment Tax Credit is 30% of the system cost SRECs are assumed at $250 for Year 1, then follows the ACP for Years 2-15 Assumed tax rate is 40%
  11. 11. Financial Solutions Lease Executive Summary - Lease Option Sample 99kW System System Performance Summary System Information: Purchase Information: Financial Information: System Total Size (KW): 98.84 Annual Lease Cost: ($54,000) Lease Option Post Tax: Panel Type and Quantity: 353 (G) Std Efficiency, 280W, 77"x39.1" Cash Flow Payback: Instant Payback Inverter Type and Quantity: 2 (G) Central/String Inverter Est. Electricity Savings (Year 1): $15,390 Annual Rate of Return: No Outlay Panel Tilt: 5 Est. SREC Revenue (Year 1): $28,500 Net Present Value (NPV): $32,081 Azimuth: 200 SRECs Generated (Year 1): 114 Cumulative 25 Year Cash: $198,928 Roof Coverage of Solar: 9,006 sq. ft. Annual Cashflow: -$10,110 11% Annual Environmental Impacts: Production Compared to Year 1 Usage: Cans of Soda Recycled: 216,908 Usage in KWh for 1 Year: 1,000,000 Usage Trees Planted: 1,904 Est. 1 Year Electricity Production (KWh): 114,000 Waste Recycled vs. Landfilled: 34,281 lbs. Percentage of Production to Usage: 11% Solar CO2 Offset: 81,852 lbs. Avoided Cost ($/KWh): $0.135 Generation Gasoline not Burned: 3,261 gal. 89% Your Solar System: $300,000 Cumulative Cash Lifetime Total Power Production: 2,685,378 kWh 25 Year Average Rate per kWhr with Solar: 0.233 $200,000 Upside of SRECs at $250: $268,358 $100,000 $0 vs. The Utility Company Over 25 Years: $0.276 ($100,000)25 Year Average Rate of Remaining with Utility: 25 Year Cost Without Going Solar: ($731,741) ($200,000) 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 Notes: Electricity rates are assumed to increase and average of 5.5% per annum Useful Economic Life of a system is assumed to be 25 years System degradation is assumed at an average of .5% per annum The Federal Investment Tax Credit is 30% of the system cost SRECs are assumed at $250 for Year 1, then follows the ACP for Years 2-15 Assumed tax rate is 40%PV Carports Provide 4 Valuable Functions 1. Protect and shade vehicles 2. Make better use of land (leave fields open for play) 3. Avoid roof repair or structural upgrade costs 4. Provide convenient EV charging points
  12. 12. Financial Solutions Power Purchase Agreement Executive Summary - PPA Option Sample 99kW System System Performance Summary 11% System Information: Production Compared to Year 1 Usage: System Total Size (KW ): 98.84 Usage for 1 Year: ########### Usage Panel Type and Quantity: 353 (G) Std Efficiency, 280W, 77"x39.1" Est. 1 Year Electricity Production: 114,000 kWh Inverter Type and Quantity: 2 (G) Central/String Inverter Percentage of Production to Usage: 11% Panel Tilt: 5 Avoided Cost ($/KW h): $0.135 Solar Azimuth: 200 Generation 89% Year 1 Financial Information: Mercury Commercial Information: Annual Environmental Impacts: January 2011 - Present Installed: 150 Systems Est. PPA Payment (Year 1): $10,659 Cans of Soda Recycled: 216,908 January 2011 - Present Installations: $70,000,000 Revenue Est. Electricity Savings (Year 1): $15,390 Trees Planted: 1,904 January 2011 - Present mW Installed: 15 mW Annual Cashflow (Year 1): $4,731 W aste Recycled vs. Landfilled: 34,281 lbs. 2011 Sales to Date: $80,000,000 Revenue CO2 Offset: 81,852 lbs. 2010 Sales: $101,466,207 Revenue Net Present Value: $80,241 Gasoline not Burned: 3,261 gal. 2010 mW Sold: 26.597 mWCumulative Cash Lifetime of the System (25 Years): $205,873 Largest System Installed in 2011: 3.6mW Cumulative Cash Lifetime Electricity Savings vs. PPA Cost Lifetime $250,000 $50,000 $45,000 $200,000 $40,000 $35,000 $150,000 $30,000 $25,000 $100,000 $20,000 $15,000 $50,000 $10,000 $5,000 $0 $0 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 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25Notes: Electricity rates are assumed to increase and average of 5.5% per annum Useful Economic Life of a system is assumed to be 25 years System degradation is assumed at an average of .5% per annum The Federal Investment Tax Credit is 30% of the system cost SRECs are assumed at $250 for Year 1, then follows the ACP for Years 2-15 Assumed tax rate is 40%
  13. 13. Every site is unique andrequires custom design,engineering andconfiguration testing ofstructure, soil, wind, roofmaterial or ground soiland operationalconsiderations of thehost site.Engineering and buildingsolar PV solutions is allwe do, and we’redocumented to be betterthan just about anyoneelse on the east coast.Customers like SolomonSchlechter School inWhite Plains, OakdaleHigh School in Maryland,Riverdale School andmany others are proud oftheir choices in choosingMercury Solar Systemsand provide references.
  14. 14. 550 kW System installed in TalbotCounty, Maryland to offset the energyconsumption of the communitycenter and Ice Rink facility. Energycosts were cut by nearly 50% with thisground mount solar project funded byNautilus Solar on behalf of Maryland.
  15. 15. Maryland Electricity Rate in $/kWh from 1985-2009 4.1% increase proposed in 2012$0.14 $.1341/kWh 2009$0.12$0.10 5.5% Annual$0.08 Growth Rate$0.06 rate in $/kWh$0.04 $.0634/kWh$0.02$0.00 1985 1990 1995 2000 2005 source: US Energy Information Administration www.eia.gov; MD Public Service CommissionDOE Report - USA • Global energy consumption projections to grow 54% by 2025 • Buildings contribute 48% of carbon emissions vs. 28% for autos (DOE) • U.S. represents 5% of the world’s population; consumes 26% of world energyMaryland Area: • Escalating prices for electricity remain constant (up more than 50% since 2002) – Natural gas, coal, and heating oil more volatile- Electric rates steadily rise • Rising costs of energy are hurting consumers and businesses at every economic level • We import approximately 25% of our energy from outside our state • Average usage billed in kWh/month is 1,000 residential, 10,000 commercial and 50,000 industrial • Average per-kWh cost in cents in MD is 13 residential, 12.3 commercial, and 10.3 industrial • Electric Supply (or Generation) accounts for 70% of electricity cost for residential customers, 76% for commercial and 84% for industrial. • Distribution costs account for 27% for residential, 21% commercial and 15% for industrial.
  16. 16. Environmental Impact From sample 99kW SystemAnnual Reduction in Harmful Reduction is Equivalent to: Carbon Dioxide Emissions: Planting 200,000lbs 2,396 Trees Avoid driving with 10,506 Gallons of Raj Dwivedi Commercial Solar Developer Gas 410-992-2646 Office 301-892-0207 Mobile 301-474-2994 Fax 165 Research Road Recycling Greenbelt, MD 20770 2,460,318 www.mercurysolarsystems.com Blog Site: www.powerchoicesavings.com Cans

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