NY Solar Summit 2014 Case Studies - Strategic Solar Growth

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1 NYSEIA is the only New York State solar industry advocacy group and non-profit organization dedicated solely to advancing the solar energy industry in New York.

2 Member Benefits Advocacy and Influence with Key Decision Makers Business Development Opportunities Industry & Policy Updates NYSEIA Member Events

3 Cost per Watt: $ 3.99 Gross Cost: $ 216, NYSERDA: $ 70,000 Federal: $ 64,855 NYC Property Tax Abatement: $14,618 Tax Impact of Total Depreciation: $ 73,503 Total: $ 222,976 Tax on Rebate: $(26,600) Net Cost: $19,808 Post Tax Payback: 5 yrs. 1 st year Electric Savings: $9,223 Financing Method: Purchase System Owner: Harlem Self Storage Install Type: Roof Size: 54.3 kw Solar offset: 19% Current Electrical rate: $0.155 Challenges/Solutions Customer has three meters for this specific site with very high usage. The energy produced from the system was net-metered throughout the meters. This site was one of three installations for Harlem Self Storage, all of which are netmetered.

4 NYSERDA: $196,292 Federal: ~$375,000 NYC PTA: ~$250,000 Total ~$ 821, st year Electric Savings: $42,600 Financing Method: Cash Deal System Owner: GAL Manufacturing Install Type: Roofmount Size: 237 kw Solar offset: 20% Installation: October 2012 Challenges/Solutions: Cost of doing business and installing in NYC still remains high. Great efforts at CUNY are underway to tackle and reduce these challenges.

5 Cost per ft 2 of panel area: $141 Gross Cost: $225,961 NYSERDA: n/a Federal: $67,788 State: $56,490 Total: $124,278 Net Cost: $101,683 Payback time: 5 years 1 st year Oil Savings: $13,260 Financing Method: 6 years Loan Financing Terms: 8% interest, $3,961/month System Owner: 160 units coop in Brooklyn Install Type: Solar hot water system Size: 50 solar hot water panels (1,600 ft 2 area) Solar offset: 30% Current OIL rate: $3.58 per gallon of #2 oil Challenges/Solutions:

6 Installer logo Cost per Watt: $3.36 Gross Cost: $1,356,832 NYSERDA PON 2484: $380,854 (31.5%) NYSERDA PON 2112: $48,675 Federal: $407,049 Total : $828,514 Installation picture Net Cost: $520,254 Payback time: 3.5 years 1 st year Electric Savings: $100,000 Financing Method: loan Financing Terms: unknown System Owner: Big Geyser, Maspeth Queens Install Type: Commercial Size: 408kW Solar offset: 100% Current Electrical rate: $0.20 Challenges/Solutions This area is prone to brown outs and black outs, especially in the summer during high peak times. This project will benefit the area by reducing stress on the grid and helping to prevent brownout situations.

7 Cost per Watt: $3.25 Gross Cost: $3,442,725 NYSERDA: $1,091,000 Federal: $1,032,818 NYC PTA: $250,000 Total $2,373,818 Net Cost: $1,068,907 Payback time: 3.9 years 1 st year Electric Savings: $90,573 Financing Method: Purchase System Owner: Manhattan Beer, Bronx, New York Install Type: Roof Mount Size: 1.06MW Solar offset: 92.8% Current Electrical rate:.161 Challenges/Solutions: Con Edison determined it needed to be in the Pilot Program - OnForce built the additional $75,000 into the project. Needed a New roof - client paid for a new roof with cost savings from solar project. Client requested ARA compliant panels Used Suniva 300 watt panels

8 Cost per Watt: $1.98 Gross Cost: $4,950,000 NYSERDA: 30% Federal: 30% Total : $1,980,000 Net Cost Payback time: N/A 1 st year Electric Savings : 2 /kwh disc. Financing Method: PPA Financing Terms : 20 year, 2% escalator System Owner: Private College, Finger Lakes, NY -Install Type: csi ground mount, static on driven pile -Size: 2.5MWdc -Solar offset: 25% -Current Electrical rate: 10.2 /kwh Challenges / Solutions PV in 100 year flood zone, height engineered to clear flood level. Significant coordination with college to accommodate their event schedule. Archeological and heritage concerns, mitigated in due diligence.