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- 1. FIND YOUR RATE SOLAR POWER COSTS
- 2. UTILITY BREAKDOWN FIND YOUR RATE 300 660 kWh 0 cost 6am 12pm 4pm 9pm Jun / Nov TIER TIME OF USE STATE TAX ADJUSTMENT RATE DISTRIBUTION CHARGE 8.75% (Monthly) 6.75% (Bi-Annual) Conservation Incentive Generation Transmission Distribution Electric Public Purpose Programs Nuclear Decommissioning DWR Bond Charge Competition Transition Charges (CTC) Energy Cost Recovery Amount Taxes and Other $0.28/ kWh $0.35/ kWh $0.47/ kWh
- 3. PPA VS. OWNERSHIP SOLAR POWER COSTS
- 4. A Power Purchase Agreement (PPA) is a financial agreement in which the developer (the 'provider') takes care of all the costs associated with a solar power system, from its initial planning and design to its eventual financing and installation on the customer's property. In most cases, the developer is able to sell the generated electricity that comes from the solar system to the host consumer at a rate that is much lower than what the local utility would charge. The customer's electric bill is reduced by the developer's profit from selling electricity at a cheaper price. The developer also benefits from tax credits and other incentives associated with the system. PPA is an agreement for 25 years, and the developer remains responsible for the operation and maintenance of the system for the duration of the agreement. At the end of the PPA agreement term, a customer may be able to extend the PPA, have the developer take down the system, or buy the solar energy at fair market value. POWER PURCHASE AGREEMENT (PPA)
- 5. Pros Cons Most attractive option Zero Financial Liability Soft Credit Check Simple Utility Swap Transferable from owner to owner Requires Credit Score of 650+ No loan Option to own the system after six years in a fair market value POWER PURCHASE AGREEMENT (PPA) FIND YOUR RATE 0% - 2.9% 0 Billed Annually Locked in Over 25 yrs. STATE TAX ADJUSTMENT RATE DISTRIBUTION CHARGE $10/Month 8.75% (Monthly) 0% - 2.9% (Annual) Rate increase (each year) kWh Annual Escalators Long Term Agreement No Tax Credit Incentive
- 6. OWNERSHIP FIND YOUR RATE 7 3 25 1 Billed Annually ITC COST YEARS STATE TAX IF FINANCE DISTRIBUTION CHARGE FREE POWER $10/Month 8.75% (Monthly) Interest rate (3.99%-7.99%)
- 7. Cash Finance Faster ROI (Return On Investment) Higher savings Cheapest Cons Pros Pros Cons Requires upfront cost Solar loans includes dealer fees Zero upfront cost More expensive Longer ROI (Return On Investment) Eligibility for Federal Tax Credit Eligibility for Federal Tax Credit Stable monthly payment Requires to put 30% of the solar cost in the first 16 or 18 of months in order to maintain the same monthly payment Affordable than cash No penaltis for prepayment Different finance options Soft Credit Check for loan approval Finance is cheaper than average electric bill Builds Equity Builds Equity Mechanical Lien OWNERSHIP COST OPTIONSPROS & CONS
- 8. $0 up front cost No credit check $0 personal investment/debt Month one saves 35% - 50% of your current bill (based on your current usage) 25 year warranty on all equipment 25 year warranty on all labor 25 year warranty on the roof Transferable owner to owner Free monitoring Production guarantee 6 months of power bills on us when you switch 25-year warranty on modules 25-year warranty on the inverter 25-years of customer service 10-year workmanship warranty Performance Guarantee Free monitoring system Builds equity Complete warranty ITC (Federal tax credit) Quick ROI Sustainable savings PPA OWNERSHIP PPA VS. OWNERSHIP
- 9. WHO WE ARE WORKING WITH? SUNPOWER SUNRUN GOOD ENERGY GROUP . LUXOR E N E R G Y
- 10. Google us: SWITCH SOLUTIONS Looking for more information about us?