PDF Raw Data < B Na ec Solar Lease Quote Prepared For: Jon Buschke 3059 Austin Ave Simi Valley, CA 93063 (805) 813-1647 jbuschke@hotmail.com Prepared By: Michael Garcia Solarology 2524 Townsgate rd unit B (805) 777-7477 mgarcia@solaruniverse.com
System Design System Proposed System Size (DC Watts) 6,660.0 Annual Production (AC kwh) 9,096 Tilt 1 20 Orientation 1 270 Monthly Energy Usage and Solar Production New Energy Mix Annual Energy Mix Solar 67% 1500 Usage Production 1000 500 Utility 33% 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Electric Usage Offset 68% Electric Bill Offset 98% Electric Bill Before Solar $237.00 Electric Bill After Solar $5.00 Saving First Month $232.00 Saving First Year $2,784.00 Site Assumptions Utility Assumptions Shading % Panels 36 SunTech 185w, STP185S-24/Adb+ Inverter 1 Enphase M190-72-240-S12 Old Electric Bill $237.00 Annual Electricity Usage 13,451 kwh Current Rate Plan SCE D Future Rate Plan SCE D-T Throughout this analysis we assume utility electricity rates will increase by 6.7% per year for next 15 years. Analysis does not reflect monthly minimums that may be charged by utility. Utility bill amounts and lease payments are all pre-tax amounts. Rent payment amount above does not reflect sales tax of approximately $13.86 per month that will be due with each lease payment. Including Sales tax, the average monthly rent in the first year will be $204.97 Over the full term of the lease we expect you to pay a total of $2,981.46 of sales tax if your expected sales tax rate of 7.249999999999999% doesn't change. BriteLease does not guarantee the solar system will produce monthly savings. This information is not an offer to lease or binding, but an indication of projected lease pricing. Final pricing may change and any terms and conditions are not final unless incorporated into definitive agreements signed by BriteLease.
BriteLease Overview System Proposed System Size (DC Watts) 6,660 Annual Production (AC kwh) 9,096 Tilt 1 20 Orientation 1 270 Lease Lease Features Flexible Ownership Options: In the event that your situation changes, whether it is a move or a desire to purchase, we give you multiple options to choose from. Best in Class Equipment: Your system includes the highest quality components available on the market from names like Suntech, SMA, and Enphase. Initial Payment Amount $0.00 Monthly Rent Year 1 $191.11 Term of Lease 15 Years Fixed Inflation Adjusment 2.5% First Year Monthly Projections Utility Bill Before Solar $252.88 Utility Bill After Solar $5.33 Monthly Rent $191.11 Average Monthly Savings Year 1$ * $56.43 Average Monthly Savings Year 1% * 22.32% Year 1 Total Savings * $677.21 15 Year Total Savings $30,005.81 Peformance Guaranty: Our detailed design process assures you that you will be getting a system that will produce the power we say it will, guaranteed. Repair & Maintenance Included: A full "bumper to bumper" warranty including all parts, labor, and performance comes with your system. System Monitoring: Remote system monitoring is included for the entire term of your lease. Insurance: We fully insure the system against damage, loss, or theft. $263 Monthly Savings Utility Bill * Utility Bill Rent $30,000 $20,000 Cumulative Savings $10,000 0 Utility bill After solar 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Year Throughout this analysis we assume utility electricity rates will increase by 6.7% per year for next 15 years. Analysis does not reflect monthly minimums that may be charged by utility. Utility bill amounts and lease payments are all pre-tax amounts. Rent payment amount above does not reflect sales tax of approximately $13.86 per month that will be due with each lease payment. Including Sales tax, the average monthly rent in the first year will be $204.97 Over the full term of the lease we expect you to pay a total of $2,981.46 of sales tax if your expected sales tax rate of 7.249999999999999% doesn't change. BriteLease does not guarantee the solar system will produce monthly savings. This information is not an offer to lease or binding, but an indication of projected lease pricing. Final pricing may change and any terms and conditions are not final unless incorporated into definitive agreements signed by BriteLease. *These calculations do not reflect the Initial Payment Amount
Purchase and End of Term Options BriteLease gives you several options to buy the solar system or extend the lease: Purchase Option: You can buy the solar system for the purchase option price as documented in the Customer Lease Agreement at three distinct points in time. 1. Purchase price due with 72nd payment = $ 19,341.23 2. Purchase price due with 120th payment = $ 16,141.23 3. End of term purchase price = $8,954.58 All purchase points shown are subject to sales tax. Renewal Option: Return of Equipment You can renew the Lease for two, 5-year renewal terms for the then agreed upon fair market value rent. If at the end of the 15-year lease term you choose not to purchase the equipment or renew the lease, then BriteLease may remove the equipment at no cost to you.
Annual Cash Flow Year Electric Bill without Solar Electric Bill with Solar Electric Bill Savings Lease Payments Overall Savings Cumulative Overall Savings 1 $3,034.55 $64.02 $2,970.53 $2,293.31 $677.21 $677.21 2 $3,237.86 $78.16 $3,159.70 $2,350.65 $809.05 $1,486.27 3 $3,454.80 $93.86 $3,360.94 $2,409.41 $951.53 $2,437.79 4 $3,686.27 $111.25 $3,575.02 $2,469.65 $1,105.37 $3,543.16 5 $3,933.25 $130.50 $3,802.75 $2,531.39 $1,271.36 $4,814.52 6 $4,196.78 $151.76 $4,045.02 $2,594.68 $1,450.34 $6,264.87 7 $4,477.96 $175.22 $4,302.75 $2,659.54 $1,643.20 $7,908.07 8 $4,777.99 $201.06 $4,576.92 $2,726.03 $1,850.89 $9,758.96 9 $5,098.11 $229.52 $4,868.60 $2,794.18 $2,074.42 $11,833.38 10 $5,439.69 $260.80 $5,178.89 $2,864.04 $2,314.85 $14,148.23 SUM year 10 $41,337.26 $1,496.14 $39,841.11 $25,692.88 $14,148.23 $14,148.23 11 $5,804.14 $295.15 $5,508.99 $2,935.64 $2,573.36 $16,721.59 12 $6,193.02 $332.85 $5,860.17 $3,009.03 $2,851.14 $19,572.73 13 $6,607.95 $374.18 $6,233.77 $3,084.25 $3,149.52 $22,722.25 14 $7,050.69 $419.45 $6,631.23 $3,161.36 $3,469.87 $26,192.13 15 $7,523.08 $469.01 $7,054.08 $3,240.39 $3,813.68 $30,005.81 Total $74,516.15 $3,386.79 $71,129.36 $41,123.55 $30,005.81 $30,005.81 Throughout this analysis we assume utility electricity rates will increase by 6.7% per year for next 15 years. Analysis does not reflect monthly minimums that may be charged by utility. Utility bill amounts and lease payments are all pre-tax amounts. Rent payment amount above does not reflect sales tax of approximately $13.86 per month that will be due with each lease payment. Including Sales tax, the average monthly rent in the first year will be $204.97 Over the full term of the lease we expect you to pay a total of $2,981.46 of sales tax if your expected sales tax rate of 7.249999999999999% doesn't change. BriteLease does not guarantee the solar system will produce monthly savings. This information is not an offer to lease or binding, but an indication of projected lease pricing. Final pricing may change and any terms and conditions are not final unless incorporated into definitive agreements signed by BriteLease.
Environmental Equivalents Your solar home will save a total of 350,000 lbs Carbon emissions This is the equivalent of preventing 568,750 miles Greenhouse gas emissions This is the equivalent of planting 6,405 trees Back into the world
Customer Q&A Q: What are the credit requirements A: Each applicant is evaluated based on a fair series of underwriting criteria. BriteLease will be offered only to strong credit borrowers that reside in an Owner Occupied Single Family Residence. Q: Is there a down payment? A: In most markets, BriteLease does not require a down payment, but you may reduce your monthly payment by making an initial prepayment. Q: What is my lease payment? A: Each lease payment is calculated based on the size of the system, taxes, state/utility rebate program, cost of electricity, implied savings, end of term buyout, and estimated production. The monthly lease payment will increase annually at a 2.5% rate. Q: What is the term of the lease? A: The lease term is 15 years in most markets but can change based on utility and local regulations. Q: Does the lease have any hidden fees? A: No. BriteLease is designed to provide a comprehensive total cost package that includes performance guarantees, workmanship warranties, remote monitoring, repair service, and equipment warranties. Q: Does it come with a performance guaranty? A: Yes, BriteLease guarantees the system will produce an annual amount of power quoted to you, or we will pay you for any deficiencies. Q: How long does it take to get approved? A: Once your online application is complete, approvals are generally rendered within 3 business days. Q: Can I payoff my system early? A: During the first 6 years, a system cannot be paid off, however, it can be transferred to a new owner in the event you sell your home (subject to BriteLease approval). After 6 years, the lease can be paid off early at certain specified dates per your consumer lease documents. Q: What if I sell my house? A: You may transfer the lease to the buyer on approved credit (subject to BriteLease approval), or payoff the system depending on the terms and conditions of your lease documents. Q: Must I have additional insurance? A: No. Q: What's included in the lease? A: The lease includes a performance guaranty, repair service, remote monitoring, and a workmanship warranty on nearly every aspect of the system. Q: Who is responsible for repairs and maintenance? A: BriteLease is responsible for repairs and maintenance under the terms of the warranty. Cleaning the panels is the responsibility of the homeowner as is damage due to negligence. Homeowner will have to allow roof access during the term of the lease for service and repair per the consumer lease documents. Q: What documents do I have to sign? A: Once approved, you will receive a document package that contains all consumer lease documents including the lease agreement, performance & warranty contracts, automatic payment instructions and signature instructions. These documents will be delivered by your installer or by priority mail.
Customer Commitment I accept thisbritelease proposal and have paid a deposit in the amount of $ to confirm my commitment. Customer Signature Date