Welcome to SolarCity!

99% SOLAR SYSTEM PROPOSAL FOR HOUSE ON LONG ISLAND, NY EQUIPPED WITH A MODEL S3-60 GFX; OIL HOT WATER & HEAT

Welcome to SolarCity! Our Experience to Serve You We Do Great Work More homeowners choose SolarCity than any other clean energy company Our 2,600+ employees are dedicated to serving our customers On an average day, we help a new family go solar every 5 minutes We're skilled, knowledgeable and thorough professionals who build systems to last Our in-house engineering team will custom design your system We select only the best in class, high quality panels, equipment and hardware We Lower Your Energy Costs We offer a cleaner, more affordable alternative to your utility bill We constantly innovate better ways to achieve clean energy savings We know that customers want better, cleaner, cheaper electricity, and we don't believe that you have to compromise to get it We guarantee our quote price per kwh will not change throughout the project We Make it Simple Safety is important to us. We will keep your home, your family and our crews safe Our Customer Care team will manage your project from beginning to end, including engineering design, installation, rebate applications and ongoing support Your online account has up-to-date project status and customer resources SolarGuard shows you the performance at-a-glance and allows SolarCity to respond if needed We Partner for the Long Term By looking holistically at both your gas and electricity usage, we can save you more money by using less energy with our energy efficiency services and electric vehicle chargers A third of our new business comes from satisfied customer referrals

Solar System Design Leavitt Residence SYSTEM DESIGN SYSTEM PRODUCTION Annual Electricity Mix Proposed System Size 5.88 kw DC Annual Production 6,376 kwh Frame Type Black Panel Layout Solar Electric Electric Usage Offset 99% Offset 99% Solar Production vs. Home Energy Consumption Production Map Solar Production Home Energy Consumption

Solar System Proposal 5.88 kw DC Utility Your Costs Without Solar SolarLease SolarLease SolarLease Pay As You Go Plan Custom Plan Prepay Plan LIPA Price 21.1 /kwh (Avoided 1st Yr Avg) SolarCity Price (1st Yr) 13.6 /kwh SolarCity Price (20 Yr Avg) 17.3 /kwh SolarCity Price (20 Yr Avg) 7.2 /kwh Annual Increase (Expected) 4.8% Annual Increase 2.9% Initial Payment $0 Annual Increase Initial Payment $0 Annual Increase Initial Payment $8,740 NY State Tax Credit -$5,000 (-4.1 /kwh) NY State Tax Credit -$5,000 (-4.1 /kwh) NY State Tax Credit -$2,185 (-1.8 /kwh) Monthly Payment $113.36 Monthly Payment $72 Monthly Payment $88 Monthly Payment Total Costs (Over 20 Years) $44,041 Total Savings (Over 20 Years) $23,166 Total Savings (Over 20 Years) $25,167 Total Savings (Over 20 Years) $34,675 Premium Service Package SolarGuard Monitoring. We continuously monitor your system and will respond in the unlikely event that it underperforms. Extended Warranty & Repair Service We take care of any repair costs such as the inverter replacement, so you will not have to worry about it. Insurance Coverage. Our all-inclusive system coverage protects against damage or theft. Performance Guarantee. We guarantee that your system will produce as much electricity as we promise or we will pay you back! 20 years 20 years Included Included

SolarLease Pay As You Go Plan SOLARLEASE SolarCity Price (1st Year) 13.6 /kwh LIPA Price (Avoided 1st Yr Avg) 21.1 /kwh Initial Payment $0 Monthly Payment $72 Annual Increase 2.9% NY State Tax Credit -$5,000 (-4.1 /kwh) FINANCIAL BENEFITS New Lower LIPA Bill $1 Savings First Month $40 Savings First Year $478 Savings Over 20 Years $23,166 Return on Investment (IRR Post-Tax) Infinite Payback Immediate Current Price Comparison Payments Over 20 Years

SolarLease Custom Plan SOLARLEASE SolarCity Price (20 Yr Avg) 17.3 /kwh LIPA Price (Avoided 20 Yr Avg) 34.2 /kwh Initial Payment $0 Monthly Payment $88 Annual Increase NY State Tax Credit -$5,000 (-4.1 /kwh) FINANCIAL BENEFITS New Lower LIPA Bill $1 Savings First Month $24 Savings First Year $292 Savings Over 20 Years $25,167 Return on Investment (IRR Post-Tax) 0% Payback 0 years Current Price Comparison Payments Over 20 Years

SolarLease Prepay Plan SOLARLEASE SolarCity Price (20 Yr Avg) 7.2 /kwh LIPA Price (Avoided 20 Yr Avg) 34.2 /kwh Initial Payment $8,740 Monthly Payment $0 Annual Increase NY State Tax Credit -$2,185 (-1.8 /kwh) FINANCIAL BENEFITS New Lower LIPA Bill $1 Savings First Month $112 Savings First Year $1,345 Savings Over 20 Years $34,675 Return on Investment (IRR Post-Tax) 24% Payback 5 years Current Price Comparison Payments Over 20 Years

SolarCity Advantage Choose Advantage. Our most cost-effective package delivers enduring value with our state-of-the-art mounting system and black panel frames. This package includes our signature SolarCity Premium Service. Advantage A Great Looking Roof Our SleekMount technology blends into your roofline with a low-profile design and front trim. Solar panels come with distinctive black frames. It s solar that complements your home while making it more efficient. SolarCity Premium Service Five-point premium service includes your own personal energy advisor, custom in-house design work, onsite service from a local employee and energy expert, state of the art monitoring system, and the SolarCity 20-year performance guarantee. We include insurance and an extended warranty on workmanship and hardware SolarCity will repair or replace broken components at no cost to you for the life of your contract. Technology Choice Our modules are run through laboratory accelerated life testing and field monitoring to ensure they meet performance standards, durability targets. Only the best meet our standards.

Environmental Benefits We believe individual energy choices have a direct impact on the environment and together we can make a real difference. Your system will offset 192,953 lbs of CO2, saving the equivalent of Save more with other clean energy products Driving a Car 207,234 Miles Home Energy Evaluation A comprehensive audit will diagnose the causes of energy loss and prioritize improvements with the greatest impact CO2 Absorbed by 104 Trees Energy Improvements We advise and implement energy upgrades to your heating, air conditioning, insulation, water heaters and more 48,658 Gallons of Water Used to Make Electricity Electric Vehicle Chargers We install electric vehicle charging systems compatible with all EVs. Combined with solar power, you can drive on sunshine!

SolarLease Pay As You Go Plan Cash Flow ANNUAL CASH FLOW Year Without Solar With Solar Savings on Annual Payments Customer Incentives Overall Savings Cumulative Cash Flow 0 1 $1,360 $15 $1,345 ($867) $867 $1,345 $1,345 2 $1,426 $23 $1,403 ($892) $892 $1,403 $2,748 3 $1,494 $31 $1,463 ($918) $918 $1,463 $4,211 4 $1,566 $40 $1,525 ($945) $945 $1,526 $5,737 5 $1,641 $50 $1,591 ($972) $972 $1,591 $7,328 6 $1,720 $61 $1,659 ($1,000) $405 $1,064 $8,391 7 $1,802 $73 $1,730 ($1,029) $700 $9,091 8 $1,889 $85 $1,804 ($1,059) $744 $9,836 9 $1,979 $99 $1,881 ($1,090) $791 $10,627 10 $2,074 $113 $1,961 ($1,122) $840 $11,466 11 $2,174 $129 $2,045 ($1,154) $891 $12,357 12 $2,278 $146 $2,132 ($1,188) $945 $13,302 13 $2,388 $164 $2,224 ($1,222) $1,002 $14,304 14 $2,502 $184 $2,319 ($1,257) $1,061 $15,365 15 $2,622 $205 $2,418 ($1,294) $1,124 $16,489 16 $2,748 $227 $2,521 ($1,331) $1,190 $17,679 17 $2,880 $251 $2,629 ($1,370) $1,259 $18,938 18 $3,018 $277 $2,741 ($1,410) $1,332 $20,269 19 $3,163 $305 $2,859 ($1,451) $1,408 $21,677 20 $3,315 $334 $2,981 ($1,493) $1,488 $23,166 20-year Sum $44,041 $2,811 $41,230 ($23,064) $5,000 $23,166

SolarLease Custom Plan Cash Flow ANNUAL CASH FLOW Year Without Solar With Solar Savings on Annual Payments Customer Incentives Overall Savings Cumulative Cash Flow 0 1 $1,360 $15 $1,345 ($1,053) $1,053 $1,345 $1,345 2 $1,426 $23 $1,403 ($1,053) $1,053 $1,403 $2,748 3 $1,494 $31 $1,463 ($1,053) $1,053 $1,463 $4,211 4 $1,566 $40 $1,525 ($1,053) $1,053 $1,525 $5,737 5 $1,641 $50 $1,591 ($1,053) $788 $1,325 $7,062 6 $1,720 $61 $1,659 ($1,053) $606 $7,667 7 $1,802 $73 $1,730 ($1,053) $677 $8,344 8 $1,889 $85 $1,804 ($1,053) $750 $9,094 9 $1,979 $99 $1,881 ($1,053) $828 $9,922 10 $2,074 $113 $1,961 ($1,053) $908 $10,830 11 $2,174 $129 $2,045 ($1,053) $992 $11,822 12 $2,278 $146 $2,132 ($1,053) $1,079 $12,901 13 $2,388 $164 $2,224 ($1,053) $1,170 $14,072 14 $2,502 $184 $2,319 ($1,053) $1,266 $15,337 15 $2,622 $205 $2,418 ($1,053) $1,365 $16,702 16 $2,748 $227 $2,521 ($1,053) $1,468 $18,170 17 $2,880 $251 $2,629 ($1,053) $1,576 $19,746 18 $3,018 $277 $2,741 ($1,053) $1,688 $21,434 19 $3,163 $305 $2,859 ($1,053) $1,806 $23,240 20 $3,315 $334 $2,981 ($1,053) $1,928 $25,167 20-year Sum $44,041 $2,811 $41,230 ($21,062) $5,000 $25,167

SolarLease Prepay Plan Cash Flow ANNUAL CASH FLOW Year Without Solar With Solar Savings on Initial Payment Customer Incentives Overall Savings Cumulative Cash Flow 0 ($8,740) $2,185 ($6,555) ($6,555) 1 $1,360 $15 $1,345 $1,345 ($5,210) 2 $1,426 $23 $1,403 $1,403 ($3,807) 3 $1,494 $31 $1,463 $1,463 ($2,344) 4 $1,566 $40 $1,525 $1,525 ($818) 5 $1,641 $50 $1,591 $1,591 $772 6 $1,720 $61 $1,659 $1,659 $2,431 7 $1,802 $73 $1,730 $1,730 $4,161 8 $1,889 $85 $1,804 $1,804 $5,964 9 $1,979 $99 $1,881 $1,881 $7,845 10 $2,074 $113 $1,961 $1,961 $9,806 11 $2,174 $129 $2,045 $2,045 $11,851 12 $2,278 $146 $2,132 $2,132 $13,983 13 $2,388 $164 $2,224 $2,224 $16,207 14 $2,502 $184 $2,319 $2,319 $18,526 15 $2,622 $205 $2,418 $2,418 $20,944 16 $2,748 $227 $2,521 $2,521 $23,465 17 $2,880 $251 $2,629 $2,629 $26,094 18 $3,018 $277 $2,741 $2,741 $28,835 19 $3,163 $305 $2,859 $2,859 $31,694 20 $3,315 $334 $2,981 $2,981 $34,675 20-year Sum $44,041 $2,811 $41,230 ($8,740) $2,185 $34,675

Frequently Asked Questions Does a solar system make financial sense for me? Yes! Solar power is cleaner and less expensive than power from the utility company. Solar is a smart financial investment because you will save money every year as utility rates continue to escalate. Plus, a solar system will increase your home value. 1 A SolarLease can be a better investment than purchasing your system because you do not have a big upfront payment and can save your money for other opportunities. You save money every month on electricity bills and can even be cash flow positive right away. What are my options at the end of the contract? A SolarLease is a very flexible way to go solar. When your contract ends, you have several good options from which to choose: You can ask SolarCity to remove your system for free. You can upgrade to a new system with the latest solar technology under a new contract. You can extend your agreement in five year increments. Can I decide to buy the system later? No, but you have the option to renew your lease in five-year increments and will have other options at term end, as noted above. How does the Performance Guarantee work? SolarCity offers a performance guarantee that your system will produce as much electricity as we promise, or we will pay you back annually. The amount of electricity we promise to deliver is specified in your contract, so there are no surprises. We proudly stand by our claims. If your system underperforms, SolarCity will refund you per kwh shortfall at the end of each year. Our production estimates take into account normal weather variation and solar panel performance over time. We track your system performance through our SolarGuard online monitoring service, which you also have access to 24/7. What if I move to a new home? You also have several options if you move before the end of the contract: You can transfer it to the new owners at no cost. You can buy out the system and include it in the value of the house solar homes typically have a higher resale value. You can pay to have it moved to your new home. See the contract for certain restrictions. How can the Refer a Friend Program cover my solar costs? As soon as you become a SolarCity customer, you will qualify for our Refer a Friend Program. We want to see more people save energy and adopt clean solar power. To show you our appreciation, we will send you $400 for every new friend you refer who installs a SolarCity solar system on their home or $1,000 on their business. Just a few referrals a year can cover your solar costs. GLOSSARY Kilowatt Hour (kwh) A measurement of energy consumption. One kilowatt hour is defined as the amount of energy consumed by a 1000-Watt appliance running continuously for 1 hour. This is the measurement your utility company uses to calculate your electric bill. More FAQ on solarcity.com/faq

Assumptions SITE ASSUMPTIONS System Size AC System Locations 5.13 kw 2 Surfaces PROMOTIONS Promotions FINANCIAL ASSUMPTIONS Roof Material Comp Shingle Roof Shading (% Sun) 70%, 90% Direction 177, 87 Slope 22, 22 UTILITY ASSUMPTIONS Utility Company for Electricity Long Island Power Authority (LIPA) Monthly Avg $113 Monthly Electric Usage 537 kwh Annual Electric Usage 6,447 kwh Current Utility Rate Plan Generic $.211/kWh - New Utility Rate Plan Generic $.211/kWh - Utility Rate Increase 4.8% Incentives Financing Incentives Purchase Federal Income Tax Rate 30.0% State Income Tax Rate 6.0% FINANCING TERMS Term Annual Payment Increase End of Terms Options NOTES NY State Tax Credit based on 25.0 Percent of Payments LIPA Solar Pioneer Incentive at $0.970/CSI AC Watt NY State Tax Credit based on 25.0 Percent of Payments LIPA Solar Pioneer Incentive at $0.970/CSI AC Watt 20 years Pay As You Go Plan: 2.9% Custom Plan: 0% Prepay Plan: 0% Choice to renew, upgrade or free removal

Accolades for SolarCity There is no higher compliment than to be honored for the work that we love to do every day. Awards Customer Testimonials Our Partners Ranks SolarCity #10 in The World s Fifty Most Innovative Companies "We were so excited about getting our solar installed but what really excited us was every time we spoke to someone at SolarCity, they were excited for us." STEVE Energy & Environment Award Disruptive solutions in the generation of renewable energy The Department of Energy recognizes SolarCity as the Green Power Supplier of the year "The SolarCity team is the best I have ever had the opportunity to work with. They were polite, helpful, honest, and explained everything to me. They went above and beyond to make me happy." TONI Ranks SolarCity #23 in the World s Most Intriguing Businesses "We knew from the beginning we were dealing with a great company. We are ready to bask in the SolarCity sunshine and happy to be part of this wonderful family." ROBERT Ranks SolarCity #1 in Twenty World Changing Ideas More awards at solarcity.com/awards More testimonials at solarcity.com/testimonials