American Solar Partners: How Solar Power Saves Money Members. Using American-made Solar Modules, and. Union Contractors. ! as F 2 PE{ 55 r G OJ' e

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1 How Solar Power Saves Money Members For CSEA! as F 2 PE{ 55 r G OJ' e JULY 2014 by Lee Smith & Liz LaFauce American Solar Partners: Designs, Supplies, Finances, and Installs Solar Power Systems Using American-made Solar Modules, and Union Contractors. Solar system on roof of IBEW HQ Washington, DC

2 Partner with union locals since union hall installations in 20 States Hundreds of member home installations Now Wor,~ing With CSEA Plus, IBEW and NYSUT Current Focus: long Island, Upstate NY, NYC Solar Power On Homes of Union Members Systems Customized for Each Location

3 )J ASP Puts Solar Power On Union Buildings Solar Power System on a local 3 Site in Queens Our Program With CSEA Solar Solidarity: A way for members to improve their standard of living and net worth by installing a solar power system

4 jj 2. Why Solar Power Is Growing 7 kw Solar Energy System Will Save $2000/year in Utility Costs in LI Like Getting A Raise of $1.33/hour Raise Home Value By $35,000 E. 26 Modules kw 8 IJ II

5 3 STEP PROCESS Customized For The House of Any Interested Member 1't Step - Education and Outreach of Members (and their families) Workshops, Union Meetings, Publications, Etc. 2 nd Step - Free Site Evaluation and Consultation For All Interested Members 3 rd Step - ASP provides turnkey installation on their house for interested members Each System Has Automatic Daily Monitoring of Performance; ASP Provides Annual Report to Member and Union on Results II (SEA MEMBER- Patchogue 4 kw System 10 II. 1111I

6 2. Why Solar Power Is Growing Solar Power System Raises Family Income And Net Worth For Family In Middle 20% of Income/Net Worth -Income -$57,900; Net Worth of $58,226 - Owning a Solar Power System: 7 Kw System Will Increase Family Income By $2000/Yr By Reducing Payments To Local Utility - - Equivalent To A Pre-tax Raise Of Approximately $1.33 Per Hour (assuming 2000 hours and 25% tax rate) Will Increase Family Net Worth By Improving The Value of their Home 7 kw System will raise a home's value by $35,000* - a 60% increase in Net Worth *(Study by lbnl 2013) II. II. Solar Power Is More Affordable Than Ever Incentives Cover 50% Of The Upfront Cost Depending on State LI Incentives: 1. Grant From PSEG- 15% 2. 30% Federal Tax Credit 3. 25% State Tax Credit ($5000 cap) Low Interest (3.S%) Loans Often Available for Balance - Repaid Through Utility Bill 8.

7 Systems Come With Lifetime Warranties and Support 25 year warranty on solar modules - 30 Year Useful life 20 year warranty on inverter 5 year installation warranty from established electrical contractor; with annual maintenance 24/7 Monitoring of output (kwh) via Internet 13 A Solar Power System Pays For Itself The Savings Produced by the System Pay Off Net Cost (Project Cost Minus Incentives) Over Time

8 A Way to Become More Independent of PSEG Take $ Being Sent To PSEGAnd Invest In A Solar Power System That Will Produce Same Amount Of Power (kwh) As Bought From Utility Affordable: No Money Out of Pocket In NYS - Members Can Buy A System With No Money Out of Pocket Using Combination of Incentives and low Cost loans fill CSEA AND SOLAR FEATURES 1. Union Member Discount - Lowest Price Around - ASP's price equal to or lower than the lowest average cost in each region 2. American-made solar modules 3. Union labor installation 4. Full Support For Members 16 II III

9 CSEA Members Responding Well To Solar Hundreds of CSEA Members Have Contacted ASP Since CSEA Announced Solar Solidarity As A Voluntary Benefit For Members Next Steps: 1. Plan and schedule outreach program for CSEA Long Island Locals II 1111 Conclusion: Solar Solidarity Is A Practical Way For CSEA Members To Save $ We Look Forward To The Opportunity To Work With CSEA Long Island Region 1. Contact Info: Lee Smith PH: lee@americansolarpartners.com 18 II.

10 7/23/14 INCENTIVES AND LOAN PAY FOR THE SYSTEM PSEG REBATE $4,368 Federal Tax $6,880 State Tax $5,000 OBFlOAN $11,052 TOTAL VALUE $27,300 $5,000 ~ ;::'ULAf-< r'af-< rners Contact: Lee Smith: lee@americansolarpartners.com

11 7/23/14 Option 1 - NO MONEY OUT OF POCKETTO OWN A SYSTEM Use a Loan From The State OBF Program - "On-Bill-Financing" - To Pay For Net Amount Project Value $27,299 1st Year Incentives -$16,248 LOAN $11,052 Interest Rate 3.50% Monthly Payments $ Term (Yrs) 10 The OBF Loan Is Paid For Through the Savings on the Utility Bill - It Pays For Itself Estimated Solar Savings - Per Month - (Year 1) $ Monthly Loan Payments Collected Through Utility Bill ($109.29) Net Savings Per Month $50.87 Savings in 1st Yr $610 With no money out of pocket, your solar system will save: $610 in the first year With no money out of pocket, your solar system will save: $19,920 in the first 10 years Net Savings (Minus Loan Payments) Over Useful Life - 30 Years $69,011 *inflation assumption 2.7% PAGE 5 Contact: Lee Smith: Emaii: iee@americansoiarpartners.com