SCP R/C 1

The modules will be free from defects in materials and workmanship for a period of 10 years following Delivery. 25 Year Product Warranty 10 Year Product Warranty

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Residential Inverters Standard 10 Year Warranty Included With Options to Extend

The Solar and Covered Parking Advantage ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Copyright © 2010 Solar and Covered Parking, LLC

Example Residence Solar and Covered Parking, LLC Company Confidential and Proprietary

Example Residence Solar and Covered Parking, LLC Company Confidential and Proprietary Legend – Shade Inverter #1 Inverter #2

Net Metering VS Net Billing If the system is over-producing, energy is fed back to the utility and Your meter actually spins backward. If the meter spins past 0, Into the negative, a Net Metered System will allow the extra kWh’s to show up on your bill as credits that will be used in a month when you use more than You produce. (Like the Summer) With Net Billing, your primary meter also spins backward, but a second meter tracks production in the negatives and any extra kWh’s produced during the month are credited at a wholesale rate (3-5 cents per kWh) either on the bill, or as a check send monthly, quarterly or annually Reference information is available at: http://en.wikipedia.org/wiki/Net_metering

Most Residential Rates Plans Are Either Tiered Or Time-of-Use APS Plans SRP Plans E-12 Standard, Tiered ET-2 Time of Use ET-SP Time of Use (Super Peak) E-23 Standard, Tiered E-26 Time-of-Use E-21 Time of Use (Super Peak) Reference information for SRP Plans available at: http://www.srpnet.com/prices/home/tou.aspx Reference information for APS Plans available at: http://www.aps.com/main/services/residential/rates/rates_7.html

Solar saves money by offsetting your usage Peak Production Peak Usage

Tiered: Cost per kWh increases as more is used Metering and Billing Environmental Fees Taxes kWh Usage Tier 1 Tier 2 Tier 3 Tier 4 0 kWh 3,000 kWh + Lowest Cost Highest Cost Bill Copyright © 2010 Solar and Covered Parking, LLC

A Tiered Example Tier 1 Tier 2 Tier 3 Tier 4 Solar Production Remaining kWh to Pay First 400 kWh 7.5¢ Second 400 kWh 11.0¢ Next 800 kWh 13.0¢ Next 1400 kWh 16.0¢ Tier 4 Savings: 1400 kWh *16.0¢ = $224.00 Tier 3 Savings: 800 kWh * 13.0¢ = $104.00 Tier 2 Savings: 300 kWh * 11.0¢ = $ 33.00 Total Savings = $360.00 Tier 4 Bill: 1400 kWh *16.0¢ = $224.00 Tier 3 Bill: 800 kWh * 13.0¢ = $104.00 Tier 2 Bill: 400 kWh * 11.0¢ = $ 44.00 Tier 1 Bill: 400 kWh * 7.5 ¢ = $ 30.00 Total Cost of Electricity = $402.00 Copyright © 2010 Solar and Covered Parking, LLC

Metering and Billing Environmental Fees Taxes (10%) kWh Usage Bill Back to the Bill Solar $30.00 $15.00 $45.00 $402.00 Total: $492.00 After Solar $42.00 $30.00 $15.00 $10.00 Total: $97.00 Before Solar 84% of usage is being supplied by solar 80% of the bill is being supplied by solar Copyright © 2010 Solar and Covered Parking, LLC

A Time-of-Use Example At Work Low Usage 20 kWh’s Used Evening High Usage 38 kWh’s Used Morning Med Usage 10 kWh’s Used Night Low Usage Night Low Usage 10 kWh’s Used 53¢ 53¢ $2.04 $4.72 Daily Cost: $7.82 Copyright © 2010 Solar and Covered Parking, LLC

Solar Production After Solar At Work Low Usage -36 kWh’s Used Evening High Usage 36 kWh’s Used Morning Med Usage 8 kWh’s Used Night Low Usage Night Low Usage 10 kWh’s Used 53¢ 43¢ $3.62 Credit $4.47 Daily Cost: $1.82 8.0kW System Copyright © 2010 Solar and Covered Parking, LLC

Net Metering Example Credits Stored Credits Used

Net Metering and Bill Levelizing Month kWh Levelized

Utility Inflation - Utility rates rose by an average of 4% per year from 1985 to 2000 - Since 2000, that average is nearing 6% today. Reference information available at: http://www.azcentral.com/business/articles/0324biz-aps0324-ON.html

Solar Financial Incentives ,[object Object],[object Object],[object Object],2. The Government offers a 30% Tax Credit 3. Arizona offers a $1,000 tax credit Information on the Utility CASH rebate available at: http://www.greenfuelsolar.com/utility-rebate-tax-incentives/ Information on the federal tax credit available at: http://www.energystar.gov/index.cfm?c=tax_credits.tx_index Information on the AZ tax credit available at: http://www.azsolarcenter.org/economics/tax-breaks/state-tax-statutes/arizona-state-residential-solar-tax-credit.html

Solar is a Smart Investment “ A study in Appraisal Journal found that for every utility-bill dollar saved annually because of an improvement, you gain $10 to $20 in property value. So if you can zero out a $1,000 annual electric tab by installing solar, you'll get back $10,000 to $20,000 in home value. ” Copyright © 2010 Solar and Covered Parking, LLC

Most investments are evaluated based on ROI (return on investment) Asks the question how much do I have to gain from this over time? How does a solar investment compare? Reference information available at: http://www.greenandsave.com/master_roi_table.html

SolarCity ,[object Object],[object Object],[object Object],[object Object],Copyright © 2010 Solar and Covered Parking, LLC ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

American Solar ,[object Object],Copyright © 2010 Solar and Covered Parking, LLC - $1,000 minimum up front cost - Monthly payments increase 1.9% per year - At the end of 18 years, you must: 1. extend your lease 2. buy the system, OR they will take it down

Example Residence Kit#3 -8.100 kW system 36 Modules APS Estimated Monthly Bill: $155 Gross Installed Price: $43,900 APS Up-Front Rebate: $15,795 30% Federal Tax Credit: $ 8,432 Arizona State Tax Credit: $ 1,000 ________________________________ Net Cost: $18,673 Payment Schedule Mo. 1 Draw down $3,000 – We pay interest for you. Mo. 2 1 day prior to installation, we draw down remaining funds. We pay interest for you. Mo. 3 You receive $15,795 from APS and apply it to the note. Interest payment is $105.16 You continue paying this amount until taxes are filed and you claim the $8,432 Federal and $1,000 State amounts against your note. Interest payment is $69.87 You will then want to start applying principle with it. 4.49 % Interest Rate Copyright © 2010 Solar and Covered Parking, LLC

SCP R/C 1

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SCP R/C 1