Loading...
DRC Summary 12-09-08City of Cupertino 9501 1 4 X08 ~~~-3308 California ' Cu ertin°~ Torre Avenue 10300 Council Members d City May° inn issioners .Development To: Plar'r' g C°~ Co~unlty ve Piasecki, D'`rector °f Ste From 8 ICI AL T}ECISIO~S MAD .December 1200 V1E~ COMMITTEE Fl Date: ES1GN RE T~FD ~EPOR 2008 xovides f°r Subj: -December 4' Municipal code p mi~ee exti the Desi n Review Com 136 of the Cup b Chapter 19. ade A eal of decisi°ns m 20800 I-1°mestead R-°ad ucote ~Villasexra Apts~r Applicatio 03 eke pudding ~~ of the Green Council etails b the City ASA-2Q08 J M. D the final d directed y tion royal f°r of approval as DeSCxip ral and Site he conditions Architects acc na duly 3, 2008 This is measures eet'< ~ a 2-0 vote• at their m the application ° eal will expire on ion Co~uttee appu tee -calendar day app Act geview The f o The Design 4; 2008. December effectivber 23, 2008. cembex 4, 2008 -peCenl Co~ttee Report of De Enclosures: Review' Design No 285 Resolution • Plan set ~: lanriitig/Dr~20408 siunrnanfletter.doc P I?ate: December 4` 2008 ittee Design Review Comm h Pettis, Assistant Planner To Elizabet 2008.03 From: Application: ASA- ub'ect: ornestead Road royal for the final details oft e S J 20800I`I Site App Location: ~PT,~ON. Architectural and PROJECT DESCR Measures• required Green building T1ON ~ Review Committee: leasing .RECO-~IlVIENOA esi n odel resolution; for the recreation/ ends the D g based on the nl stem Staff reCO rave ASA-2008.03, for a photovoltaic sY A uirement 1. PP 2, Eliminate the req ilding• to construct 11b additional bu the request office within an BAC-KGgOUNp~ roved leasing corner of 07, the City Council app at the southwest 3, 20 ark, a recreationae fGrove) an On Jul ent units, a publicle (Villa Serra/Th apartm ent comp Committee existing apartm Franco Court. g Review homestead Road and Desl n Road, and the City Council, toad and N • Stelling Review directed by ~loinestead R The Design 17, 2008, as lan along for the project. licant to obtain the On July building measures the app reviewed the final streetscape lan, but directed °f the green d hotovoltaic system details the streetscape P ose p the final roved stem Committee app sis for the Prop oSed photovoltaic sy additional analy arding the prop ents in order to following sis reg stems and agreem leasing es of solar s e s stem for the recreation/ taro additional flnanclxae t ~p h y Ob dlffe cost of t consider aback for the Research/ 10ryear p Y achieve a for a solar system: the pool building and consider the f ollowing ent (PP A) Research and wer Agreem ~, A Purchase Po 5, teasing ~ Direct installation re arding Purchasing in{orixiation g which states fitted including Inc (see exhibit C), ically DiSC~CSSSION: sis has been subm o Solar System residential Pl'A-s tYp o-Nrer analY from borreg ent, Non ~w (kilowatts), A solar p ents (ppA) e o~~mum system size of 100 addition, the power Agreem of eligible fax this tYP Serra. In ill utilize a fox Villa with analysis that Villa Serra is n anies that w used system companies with e comp the prop additional solar with each system involve larg larger than from ~° uch estimates credits associated ~nrliich ism included applicant has own the costs, rebates and eaks d band 18 years (See exhibit D)• that br eriods between 1 payback p ASA_2008.03 the option of ber ~, 2008 licant research Submitted a pecem the app licant has also requested ool. The app back period (see ittee for the main p 18-year pay ect would The Design Rev1ew Cornet s steh which indicates an o°l heating Y e applicant feels the prO~ a solar p S stem analys 'back period th s stem• install1nool heating Y ed ay ex heating Y solar p Due to the extend ptem or a s°lar pow 1 a pxoval stipulated the Exhibit E~• hotovoltaic sY the oxigina P not benefit from a p City Council from osed by ents~, shall be The condition rmp . requirem see exhibit F) ~ to green building xovide a ph°t o£ lt~he following ( relating the applicant P ical load pion stem is 29, (the coed uirement tha o o f the electr the sy ljltem n°• the req 100 /~ that the cost of • to incl Tde pproxfimately . xoviso rebates, tax .modified car y a with the p energy savings federal to office building credits and System /leasing ars with such incentives federal tax recreation ten ye energy incentives, paid back in able be able to renew credits, state reciation,r they would not of shows that Villa Serra is n accelerated deP licant n a 10_year period. Villa Serra is the app osed system for rmation provided by System withi their prop be eligible fox the info the solar ecause ro}ect to The aback fox order for the P inspected by Solar achieve a p Y .n a non xeSfidential pPA b completed and ill obta1 th has l~ be w i fible to an1es to consider te. Tax credits for installing el g comp , s the prO~ec comple building/ p°°l all for leasing 1 2008, Staff, too set five , considered recreation/ ber 3 , a d ~,G&g bef ore it is 1 2008 The ecem building current ality ber 3 r deadline of D leasing municip on Decem fixation recreation/ S stems will ex ed by the tax cxe hot voltaic system for the n t be comPlet ends that the p osed by the City xecomm measures imp water heaters, therefore, aired. building not be req high efficiency onffirmed that all other green ncluding ro~ect, G licant has c inta the p The app incorporated (see Exhibit ) Council will be windows nergy efficient roofs and er . e Cfi plane ex b Gary Chao' Assistant plane Appr°ved Y ~ Elizabeth Pettis, prepared by: EnclosurQS' ul 17 ~ 2008 ents model Resoiunon 17, 2408 with artachrn D1ZC ~,iuutes of j Y Exhibit A: ~~C gepart of July al sis es) Ex~bit B: y lnstallarion An o co ate (one company) Solar P ex Estimates (tw Exhibit C: Solar Poti' S stem Esn Exhibit D' ool Heatir'g Y Solar P Condition Exhibit E: Council easures Exhibit F : City habit G • Energy Efficient M Ex 2 ASA-2o0s-a3 gTZTIN~ CITY Op C~e avenue 10300 T California g501~ Cupextm°! UTI4N NQ• 285 a RESOL E CITY CF CUT,EgTil~ ',,` ITTEE Op TH gED GREEN BUILDING M THg RE2-tJi --''' 1 gEVI~ DE ~ ~ pF pF'THE pESIH~FiNA MEASURES APp~pVING T . pRp ECT DE-S-- I SECTION I. 2008-03 ASA Ducote Application N°~: 0800 H°n1estead R°ad Applicant licatior' f ox I,ocatton: of Cupextin° received an app ee an SECTION II: pII~DII~GS Come of the Cltion; d ceduxal geview this IZesolu wig he a one ox m°re S the design described ~ ~ accordance WHgiZE tectuxe ar'd Site, as been given hee ha an Axchi otices have TZeview Coxes ublic n and the Design d ~e necessary p °, location; ~ wHEgEAe of the City of att rr a d caned to support said app pxdinaneaxings °n this m of rp°f xeq publich ettheburden p ropexty t has m ens,; carious to p HETZEAS, the a ~p~ wig requirem ~ not be detri"`'e tap°~e public health, safetyr W wl invent .has satisfied the f the proposed location, of be deft and will n the General I'1an and 1, The prop°sal, at the vicinitYj chapter, ox irrpxoWel£ax for pOnv n with the purposes of this general oral is cons~ste sub~hed The prop ce; and other evidence 2' ordinart coning Q-~VED: testimony ppRE, BE iT R~ of maps, f acts, e ~s hereby appr°ved; ~d es °n are is R oluti ~CW ,THERE exatio 2008..03, m th~ careful cansid no p,SA- ecified' 2008-03 as set That after the application d conditions sp on ASA- mthis matter, n v,,lich the find ogd ~o cexn~g A op1De~ mbex 4, 2008 are clusions~e public hearing re ttee Meeting 'That Oie subcOn ed u' and contain of the -pesign TteView Comn'r based sites exeir`, forth ~ the Mm reference h ~coxp°rated by December 4, 2008 AM-2008-03 .~n~ y_~ ltesolut~or'~°• 285 Page 2 of 4 pages' Exhibit C„ consisting DEPT' is labeled " Cif, Council condas one ---`" al s a es, ces OVE.fl EX~IIBIT5 solar installation ~' consisting oo ed gr g n buildingm y be amended .i ApPR a J1Exhibit D p ~, and t as Approval is based at s labeled the p ul ~~, 2008, exCep ower eshm r~Exhibit F r solar proval {page ~} ~ ~e pRC Staff Report dated } y of the artachments m this resolution• by conditions in licant: for the recreation leasing SYSTEM 2008-03, the app OTOVOI.~TAIC licatian ASh tavoltaic solar system Council as listed 2• PI.1 the approval of app tall a P osed by City , pRC Staff Based o} Is not required to easures imP ents uz the a building n' of the attachrn eating system fox building'tall all other green radices as °ne osed solar h b} Shall h1 een building P chides the pr°P in prOP°Sed Sul 17, 2008. This ut #29• Report dated j aol as listed in item the swimmh`g P submit a detailed ~ doin t shall EASDRES t the applican building measures BUII-~UING M building see 3, GREEN ance of a building men the propooxpor~ated on all app~ic~g that all of th is how they ~'dl 1ml' they axe in t aletter conf` prior to ate how describing d clearly illustr c J the developer shall suob a d. have been incorp EXACTIONS Exhibit A an o final occupan y OTpIER dedication plans. Prior building measures TIONS OR fees, proposed greens TION RESERV A may ~clude certain Government S herein pursuan tO ent of the TICE OF FEES pEDIC oval se s f and other exactions • notice of a statem exactions 3• NO ns of Project pP ent , written d other The Conditio non requixem constitute onsf ~' xna protest resexva {1}~ these Conditions dedications, xesexvati which you Y Code requirements' of the eriod in ent Section 66020{) da approval p t Governor 1 ing Code fees, and otifiedx~'at the 90- y ursuan to comp y P this 90-day Period from latex amount of such and other exact~.o~ ~~be legally barred ereby f urtheT n ons, a rotest You axe h ons, resexvati to file P will fees, dedicati if you fail 66020, you these a , has bed its of Section of the pesign Section 66020(e requixem lax Meeting vote: with all of uch exacrions• December 2008, at a ~ b ~e follo~^'ing roll call challeng'r`g pTED this `id' day of o State of California, Y PASSED AND ~~~ f the City of Cupextin , Review Comma ERs: Chair Giefer. Rose COMMISSIOI`l ERs: none AYES: COMMISSION ERs: none NOES: MISSION ERS• e IN : COM non ABST A COMMISSION ABSENT: ATTEST s Gar~haO planner ent Cary Chao, City t Departm Community pevelopmen APPROVED: s Lisa Giefer axr Lisa Giefer, ~ Comr~'i~ee Review pesigrt r: 44- ~ ~nCi. rrego Solar Systems 131 ~ 1 _ Bo 2p12 Narto9 Drive, San Jose CA 95 51o-843-1116 ~~~~ g~® Phone 510-843-1113 Fax ~.borregosolar.com G-46 #814435 CA License August 26, 2008 Mike Ducote Prometheus Cu ertino, CA • olar PV Installation for 20800 Homestead Rd, P Regarding. S Dear Mike, the bid for the solar installatideral Tax C ed is fora • a our request I have revised without F Per y cite a bit longer that it would be foi hile the installation price has come dow stemtis q reciation and W aback time for the sy installing solar the p Y e of such tax credits. Even with the ep company that can take adv toff ke up to 20 years. PGE rate hikes, it is likely ro ect, which provides small scale 6arding this p J ~eements with another I have approached Sun Run rep, ~ kill not enter into ag' to enter into a Power Agreements and they a ovate homeO~'~'ner) ur oses purchasing t ically p' re uire an individual ~ ypres in the proposal are for illustrative p company. They q reement. So the fig ppA or lease back ag have only. anies) s that is companies that will work All non residenpial PPA Non-residential PPA ~ even consider a deal. stem size of 100 K`N• The several requirements before they uire a minimum sy companies that we have worked with req ro•ect has to be 00 Homestead is too small for them to consider the J system for 208 ible for the cuflbefore rt i econsidered complete. The lease be aware that to be elig alit and PGE io ects over 20 KW that start after Also, p the municip y 2008, any p' J completed, inspected by tax credits for solar will expire on Dec. 31, tember lst are very unlikely to meet this deadline. Sep warding this matter or tax ou have any more questions rep, l free to contact if y interest in utilizing solar at Prometheus. Pease fee situation improves and there is further ~~'~~~_ ~ A~~~aVAL _---..~-~-,;~atio~, dumber ~Pi ,~ `L All the best, _~~,_- 7 J ason V enetoulis, PhD ~ ~4~_,• ar S stem Inc. ~,;~~~,~ _ Borrego Sol Y ~ „ , ... ,.., Exhibit stems, In°' CA 94710 ~~ay Suite 8, Berkeley, 1116 J•~3.1113 Fax 510-D43- e9osolar.com Ise C-46 #014435 n Generation 56561 ~-MOJO (877.7a6- )ucote Street 5ride 150 S Norfolk9~p3 Mateo CA Mateo County ated Solarsolar Electric System S,OSkW DC RpC Rated >1.278928kW TumkeY SYstem Includes: Total Cost: EPBB) Rebate C51 Estimated t ~ t.• l; ~ ~i lli- gphAEGO pugust26,2006 /-_ artantyl 190-SL 190•Watt Solar Module (25 Year W 132 XE OOUS(240V16OkWi10YearWarrantyl vergraen Solar ES- (lectors 4 X SMA - SB50 s uare feet of solar co PPProX~mately 2130 4 Solar Rackrn9 d Materials. Custom Hardware an ects ADMountm9 greakers,Disconn All Wrrin9, Conduit, All Installation Labor &E Interconnection Admi~rsUation al Perrort Administration & Fee State Rebate and PG Utility and M^nidP lNarrantY 10 Year Full System Guarantee 10 Year l1 DaY1 Reliaoi~an~ MonitoringG~ers Manual Lifetime System PeNow to" Guide, and All User Manuals, Sales lax 5166,561.57 -531842.93 $134,918.64 Cash • 1 Rebate. 5138,726.04 After Tax Credit i5~000~" _.w AA aced shadln9, t4 n"rt, end 180 g°n~' Notes. ~xe4b6 com n adNsied tar esbm 5ne tool v,"v~ ~t You~CPA ,~~ rebala Stale and ~`i'~ ° are cons dared usn9 c{m 1{Siax taus. Pre ~Reoale qk r7xY is ruble Sun Run Proudcuon and c~'dW. ~•Fedealtax uedh ei9i ~ 1 m I~2 ~ each 1' aYc'~enl,s an esftmate uzh9 A sd3t ene,9V sys e ,,.OAonthryP manned cost 9~°Posal to ito,ces o~~ebate dada•ey' .n,xr;mes~m yyeammefxe puo[e valdior 15 ddys djQfeeftE1 su Purchase ~P`~°' ~- Run PrePeYPackage 2, Sun Fy115,775.D3 Final Price NP°n Installation! .. ,, r, l Incl~rranty l18 yrsl dFullSystem orTexfilin9 Exten {or Rebates NoNlaiting grantee SYstem ProductionOu Meter iprecisio stem YR 18 pnline Monitoring ove s Q lion t0 ~fG}1aSe 0( ram .,,..,,n tulato9s.1 ~ Low Down 3. Sun Ru 5a6.42 560, With Monthly PaYmenti " ~~ Inch ill with solar our current b for up to 181yrs Replace Y solar Power Flat SD.13511CtN stem Warranty Exfanded Full SY outright or OPtion to buy {or free remove the system ~~~~yr ~~~~ G'~' ~'~,,.' °~ p,t ~ A r~+r ~ ~ D~ r'' - y b~ •~ SOLAR POWER ANALYSIS - 'Villa Serra Borrego Solar Estimated **** After Tax After Tax After Tax After Tax After Tax Assumes Annual System Rebate *** Reduced Tax Depreciation Maintenance Annual Cumulative Net Present Utility Rate Year Costs after tax Utility Bill Credits Savings Costs Cash Flow Cash Flow Value * Increase = 0 -$166,561 $31,642 $0 $0 $0 $0 -$134,919 -$134,919 ($25,226) 6.00% 1 $0 $0 $3,767 $0 $9,444 $0 $13,212 -$121,707 2 $0 $0 $3,993 $0 $15,111 $0 $19,104 -$102,603 ($16,529) 10.00% 3 $0 $0 $4,233 $0 $9,067 $0 $13,300 -$89,303 4 $0 $0 $4,487 $0 $5,430 $0 $9,918 -$79,386 5 $0 $0 $4,756 $0 $5,430 $0 $10,187 -$69,199 6 $0 $0 $5,042 $0 $2,739 $0 $7,780 -$61,419 7 $0 $0 $5,344 $0 $0 $0 $5,344 -$56,074 8 $0 $0 $5,665 $0 $0 $0 $5,665 -$50,410 9 $0 $0 $6,005 $0 $0 $0 $6,005 -$44,405 10 $0 $0 $6,365 $0 $0 $0 $6,365 -$38,040 11 $0 $0 $6,747 $0 $0 $0 $6,747 -$31,293 12 $0 $0 $7,152 $0 $0 $0 $7,152 -$24,142 13 $0 $0 $7,581 $0 $0 $0 $7,581 -$16,561 14 $0 $0 $8,036 $0 $0 $0 $8,036 -$8,525 15 $0 $0 $8,518 $0 $0 -$20,000 -$11,482 -$20,007 16 $0 $0 $9,029 $0 $467 $0 $9,495 -$10,512 _ 17 $0 $0 $9,571 $0 $467 $0 $10,037 -$475 ~ 18 $0 $0 $10,145 $0 $467 $0 $10,611 $10,137 ~ ~ -~ 19 $0 $0 $10,753 $0 $467 $0 $11,220 $21,357 20 $0 $0 $11,399 $0 $467 $0 $11,865 $33,222 ~ ~ .~ 21 $0 $0 $12,083 $0 $467 $0 $12,549 $45,771 a `~ 22 $0 $0 $12,808 $0 $467 $0 $13,274 $59,045 ~ c3 1 ' ~s 23 24 $0 $0 $0 $0 $13,576 $14,391 $0 $0 $467 $467 $0 $0 $14,043 $14,857 $73,088 $87,945 ~cZ ~ .y j 25 $0 $0 $15,254 $0 $467 $0 $15,721 $103,666 s 26 $0 $0 $16,169 $0 $467 $0 $16,636 $120,302 27 $0 $0 $17,139 $0 $467 $0 $17,606 $137,908 28 $0 $0 $18,168 $0 $467 $0 $18,634 $156,542 J 29 $0 $0 $19,258 $0 $467 $0 $19,724 $176,267 30 $0 $0 $20,413 $0 $467 $0 $20,880 $197,146 O ~ ~ ;~`; TOTALS -$166,561 $31,642 $297,844 $0 $54,222 -$20,000 $197,146 ~ C? G *y ® ~~ ,3 .i Y tl yw t ' ~ ~. ~'' m x. ASSUMPTIONS: a'~ ~ ~ ; m Estimated Federal Tax Bracket 28.0% ~ .'_ ~ ~ . . _. ~ U ' .: Estimated State Tax Bracket 7.0% ~ `~ ~. Total 35.0% f J , e ~,' Assumes Annual Utility Bill Increases 6.0% ~ C] ® ` ' ~ Sale Price of Tax Credits (% of total credits) 0% [~ i. ~+• ~ ~ ~"' "'- ~ `Discount Rate 9.00% Q C~ ~~ ;i Depreciation Savings Year One 20.00% - MACRS Year Two 32.00% Year Three 19.20% Year Four 11.50% Year Five 11.50% Year Six 5.80% 100.00% "`"' Rebate -Assumes that rebate received is not taxed as it is a reduction to our capitalized construction costs ""` Assumes 15% of common meter electric utility costs are saved via solar panels -roughly $8,634 savings year one (pre-tax). Future Maintenance Costs -rinse panels twice/yr (on-site maintence staff), Year 15 assume $2,000 per inverter , 10 inverters replaced €Ec m pwner So-ar SYste LLC APart'~nts, Vi11a Serra Mike pucote Road 20800 Horr1estaead Cupertino CA SunnYvA15 531 7820 Phones@re'cSOla , om Email: mstallin9 S stem Size polar Y Watt X7.29 Cost Per pC Electric SYstem 25,Dg0 Watts DC Solar 21,279 Watts AC Solar Electric System ~~ 182 ~g60.00 " he Following hen's: ss stem Gost to Include t Turn-KeY SY een 190_Watt Panels ES_190-RL Sg6000US (2a0~) rters Tito 3 ring R~C203 REC231 fM,npN102 _~.:.,^ RACKING Evergr SMA 6000-Watt, 240vAC Energy Recornn1erce Online Building pen al Sensing Environm Year Service Additional 5 Year Service Additional 5 REC Solar SolaRak`"' t Expenses MISC ELEC EQ RENT 5&H ,r Come°nents GEN LAB ELEC LAB p&E REC W ARRANTY lar Arministration RNTERGON SALES TAX PERMITTING Misc Electrical EquiPn1en Equ'pmena Ra Handl'm9 ShfpP'ng General Labor Electricaa ~ Engineering pesi9n r) Installation (10 Y Rebate Administration Interconnection REC Sales Tax permitting 132 4 1 1 1 1 1 li 1 1 1 1 1 1 1 1 1 1 1 e ~ ~~~- Costwill b Net SYsten' occw pinaf system coon of reb ate only. REC Solar. redu fled in the "Gene e only estbe n Conducted by notation unless a y inarY aperwork as Beta an estimate a prelim dale °f the grebata p REC Solar., "N ate is Costs are has ^Totalto s stem ineerin 30) days from the iese Y etailed en for ( interconnection a edor is Itsted as d after d valid tilitY Contra rmine tax, u rice Paid to are sales IMER~ All quotations The total P iR5• and should not b L DISGLA ermittin9, installa5 iem` cost. applied Y the ed urPpSes only financial situati a mer's end t ~fERA pesi9n P in the qu°ted sY credits are for discussion P sto h day period. related tax based on cu We recomn' included are filed and e is intend will be Services" are returns this Pa9 determine ehglbilitY' after tax ation'~ates. Actual tax credits allzed siona to _.~t nL DISGLAIMoER; ~a~red tsoi~consulrtnwlth a tax Profes 1 ~.. w ~t]~~~' acl;ouri ant °(''_ a`t~-f"~'~ ~a^"/"'~ SOLAR POWER ANALYSIS - i Villa Serra Rec Solar Estimated **** After Tax After Tax After Tax After Tax System Rebate *** Reduced Tax Depreciation Maintenance Annual Cumulative Year Costs after tax Utility Bill Credits Savings Costs Cash Flow Cash Flow 0 -$182,800 $38,903 $0 $0 $0 $0 -$143,897 -$143,897 1 $0 $0 $3,767 $0 $10,073 $0 $13,840 -$130,057 2 $0 $0 $3,993 $0 $16,116 $0 $20,110 -$109,947 3 $0 $0 $4,233 $0 $9,670 $0 $13,903 -$96,044 4 $0 $0 $4,487 $0 $5,792 $0 $10,279 -$85,765 5 $0 $0 $4,756 $0 $5,792 $0 $10,548 -$75,217 6 $0 $0 $5,042 $0 $2,921 $0 $7,963 -$67,254 7 $0 $0 $5,344 $0 $0 $0 $5,344 -$61,910 8 $0 $0 $5,665 $0 $0 $0 $5,665 -$56,245 9 $0 $0 $6,005 $0 $0 $0 $6,005 -$50,241 10 $0 $0 $6,365 $0 $0 $0 $6,365 -$43,876 11 $0 $0 $6,747 $0 $0 $0 $6,747 -$37,129 12 $0 $0 $7,152 $0 $0 $0 $7,152 -$29,977 13 $0 $0 $7,581 $0 $0 $0 $7,581 -$22,396 14 $0 $0 $8,036 $0 $0 $0 $8,036 -$14,361 15 $0 $0 $8,518 $0 $0 -$20,000 -$11,482 -$25,843 16 $0 $0 $9,029 $0 $467 $0 $9,495 -$16,348 17 $0 $0 $9,571 $0 $467 $0 $10,037 -$6,311 18 $0 $0 $10,145 $0 $467 $0 $10,611 $4,301 19 $0 $0 $10,753 $0 $467 $0 $11,220 $15,521 20 $0 $0 $11,399 $0 $467 $0 $11,865 $27,386 21 $0 $0 $12,083 $0 $467 $0 $12,549 $39,936 22 $0 $0 $12,808 $0 $467 $0 $13,274 $53,210 23 $0 $0 $13,576 $0 $467 $0 $14,043 $67,252 24 $0 $0 $14,391 $0 $467 $0 $14,857 $82,110 25 $0 $0 $15,254 $0 $467 $0 $15,721 $97,830 26 $0 $0 $16,169 $0 $467 $0 $16,636 $114,466 27 $0 $0 $17,139 $0 $467 $0 $17,606 $132,072 28 $0 $0 $18,168 $0 $467 $0 $18,634 $150,706 29 $0 $0 $19,258 $0 $467 $0 $19,724 $170,431 30 $0 $0 $20,413 $0 $467 $0 $20,880 $191,311 TOTALS -$182,800 $38,903 $297,844 $0 $57,364 -$20,000 $191,311 After Tax Assumes Annual Net Present Utility Rate Value * Increase = ($34,180) 6.00% ($16,529) 10.00% L m 1 ;, _ ~ `` 1 r J © ~ ~ S j± Q (> dd? `. ASSUMPTIONS: Estimated Federal Tax Bracket 28.0% Estimated State Tax Bracket 7.0% Total 35.0% Assumes Annual Utility Bill Increases 6.0% Sale Price of Tax Credits (% of total credits) 0% 'Discount Rate 9.00% Depreciation Savings Year One 20.00% - MACRS Year Two 32.00% Year Three 19.20% Year Four 11.50% Year Five 11.50% Year Six 5.80% 100.00% ""' Rebate -Assumes that rebate received is not taxed as it is a reduction to our capitalized construction costs *"` Assumes 15% of common meter electric utility costs are saved via solar panels -roughly $8,634 savings year one (pre-tax). t ~ ~AAt T WI ~ O i -. ~ O :~ ~~ ~ ``` r V 1 ~~ 1 ~ ~ [~ ~~ a~ v { Cir ry~ LSD. ® f ~. :~ tr r~ k U~ Future Maintenance Costs -rinse panels twice/yr (on-site maintence staff), Year 15 assume $2,000 per inverter , 10 inverters replaced 11 . ~I' ~~„ ~l i; Villa Serra (Design ~) 20800 Homestead Rd Cupertino, C,4 95014 650.931.3457 mducate~4prometheusrog,com PROPOSED SYSTEM SPECIFICATIONS Proposed System Size 20.500 kV1l DC(STC) 17.190 ItW AC(CEC) Estimated Annual Productions 28.957 kWh Reduction in Utility Bill ($661/montEi) 78 Services and Equipment List m 205W KYOCERA KD205GX-LP Modules (100) e 5000W XANTREX GT5.0-fJA-240/208 (240V) Inverter (4) m Mounting System Complimentary SolarGuard Monitoring System for 5 years2 '-t'hi~. r:tlmrl[^ dur:. nnf Intl utJC Pcl:illurJ Snin'~~•l'ric xhaAins, mr;~s.urcment^. frtu:al :'.ysfum p~rinrm:lnrr J Y VC t ~ YlIU 11L n1JV JJN ~ . l' If![I ~vltM1n r_ lron[I f y... n~.l_c hl 'Ifl ,r.c.t nut avn lull toll,l 'c. ~~IC I>u c, rj~ttt.th, elltcrn.li'mm~i~mrnx(AfVIT) 886.50L.CITY 888.765.2469 I sol~rcity.cam CA CSLB Y886104. OR CCB '.Y 7.50498, AZ ROC 17243771 THE COST OF YOUR SYSTEM SolarCity Power System EPGB ($1.83 / AC_WATT) 30% Federal Tax Credit ($2.000 Residential Limit) Federal Tax on State and Local Rebates Final System Cost to Customer After Incentives (excluding permit fees) $150,055 - °'1.412 - $45.0173 $10,994 $84,621 Il +, i~ I,: Fi u~G i ~I uu ~wrw ',e Ilrlltl r f I {I ~ 1 i c~lf _ ~ yq~1ll i IF 1. III 4 1 11 - k~~4r~ Z~~ If ~>~ I Ikt~r~il fi tI~RIY .I+ 'h'II a II ~"F~h)~ f i r Il~,fi,~ ~ 'T t I r m I f J ~II if ~ '~ 21n~ rl~ ~,~~xl I f. i I u _. ~S, ~,Y,r a w~qd ~)~ilr t~ ~ PoI~I~'~ 1 ~~ ~~ i ~' ''<. /~'~'ir ~{1r~lk16~1~11~ut 161~JyV~1pd~~F i~4~~'~i41 I Ji~, ~ I~li~i~h~mii rltgiY ~~ »I 7n rn,hJ J,In ,I tirt°1 vH'~ 1 a~?l~l~ ~ - Sri a l o k M I I, o I i I rW Inl ad lia~'k ar 1~ ~y1. ~Py#y ~ i~~~'~I~1 ~pp~'ryrl~a ~~~ IaiJ1~ r (Y 1 " xl) ~ I IiN IIIIP~ )fir ~4 1~~ I~ ~II~~h9^~ ~^~JJ9 I I r. 0 -. i., ~ v ~ III rY~i{af~~f~~'~M '~, nil Il~a f+l l~~~q~j' ~~ 7 I I ill III ~~' ~ - '~ I:, ~ I l~I `!7 Ilmi ti, i1; J'. Ii ~ II ~~ra~ ~ IIi I O~~Illi _ ,;,I~Ih~I I~~II~ a~~~~i,: ~'q!Ilfl - ~ C {}~ i 7 Fa 1 rIl ~ .i i ` ' j ~~ Q ~ L jrt ) " ~. <L 1 L U) rt n' SOLAR POWER ANALYSIS - I Villa Serra Solar City Estimated **** After Tax After Tax After Tax After Tax After Tax Assumes Annual System Rebate *** Reduced Tax Depreciation Maintenance Annual Cumulative Net Present Utility Rate Year Costs after tax Utility Bill Credits Savings Costs Cash Flow Cash Flow Value * Increase = 0 -$150,055 $31,412 $0 $0 $0 $0 -$118,643 -$118,643 ($17,432) 6.00% 1 $0 $0 $3,767 $0 $8,305 $0 $12,072 -$106,571 2 $0 $0 $3,993 $0 $13,288 $0 $17,281 -$89,289 ($16,529) 10.00% 3 $0 $0 $4,233 $0 $7,973 $0 $12,206 -$77,083 4 $0 $0 $4,487 $0 $4,775 $0 $9,262 -$67,821 5 $0 $0 $4,756 $0 $4,775 $0 $9,532 -$58,289 6 $0 $0 $5,042 $0 $2,408 $0 $7,450 -$50,839 7 $0 $0 $5,344 $0 $0 $0 $5,344 -$45,495 8 $0 $0 $5,665 $0 $0 $0 $5,665 -$39,830 9 $0 $0 $6,005 $0 $0 $0 $6,005 -$33,826 10 $0 $0 $6,365 $0 $0 $0 $6,365 -$27,461 11 $0 $0 $6,747 $0 $0 $0 $6,747 -$20,714 12 $0 $0 $7,152 $0 $0 $0 $7,152 -$13,562 -' '- 13 $0 $0 $7,581 $0 $0 $0 $7,581 -$5,981 14 $0 $0 $8,036 $0 $0 $0 $8,036 $2,054 15 $0 $0 $8,518 $0 $0 -$20,000 -$11,482 -$9,428 16 $0 $0 $9,029 $0 $467 $0 $9,495 $67 0 17 $0 $0 $9,571 $0 $467 $0 $10,037 $10,105 t i 18 $0 $0 $10,145 $0 $467 $0 $10,611 $20,716 `~ 19 $0 $0 $10,753 $0 $467 $0 $11,220 $31,936 - ~ 20 $0 $0 $11,399 $0 $467 $0 $11,865 $43,801 ~=- ~ f -, ~ 21 $0 $0 $12,083 $0 $467 $0 $12,549 $56,351 ~ 22 $0 $0 $12,808 $0 $467 $0 $13,274 $69,625 f ` ~ 23 $0 $0 $13,576 $0 $467 $0 $14,043 $83,667 ~ " "~ ~ 24 $0 $0 $14,391 $0 $467 $0 $14,857 $98,525 ! _ 25 $0 $0 $15,254 $0 $467 $0 $15,721 $114,245 ~ ~, 26 $0 $0 $16,169 $0 $467 $0 $16,636 $130,881 27 $0 $0 $17,139 $0 $467 $0 $17,606 $148,487 ~ " 28 $0 $0 $18,168 $0 $467 $0 $18,634 $167,122 29 $0 $0 $19,258 $0 $467 $0 $19,724 $186,846 30 $0 $0 $20,413 $0 $467 $0 $20,880 $207,726 TOTALS -$150,055 $31,412 $297,844 $0 $48,525 -$20,000 $207,726 (~ ~ i ASSUMPTIONS: Estimated Federal Tax Bracket 28.0% Estimated State Tax Bracket 7.0% Total 35.0% Assumes Annual Utility Bill Increases 6.0% Sale Price of Tax Credits (% of total credits) 0% 'Discount Rate 9.00% Depreciation Savings Year One 20.00% - MACRS Year Two 32.00% Year Three 19.20% Year Four 11.50% Year Five 11.50% Year Six 5.80% 100.00% *** Rebate -Assumes that rebate received is not taxed as it is a reduction to our capitalized construction costs **"`* Assumes 15% of common meter electric utility costs are saved via solar panels -roughly $8,634 savings year one (pre-tax). Future Maintenance Costs -rinse panels twice/yr (on-site maintence staff), Year 15 assume $2,000 per inverter , 10 inverters replaced ~ u c] g c w ~7 . ct J d? ~;~2 (..~ a Cr G ad gd. t roperty to pa for ~~ maintenanpe se~,lces ~ n ;ste a Apemen p °f Cupertir1° dan1aged ° villa gerr Ito the Cl~' ect property are ect, the the CP ~ ES e subj osed prO~ of e with N~GED THE etained on ~ of the pT°p Bards th T OF DA ed to be r d tnlction re lacement Stan EPLACe Mtha any wee the developmenCCOrdanCe with u erti o M'~Cipal Code)• e ev ith ee(s~ m a of the C p i th conjunction w such ~ ite in t shall repla°e ce (Chapter 14.18 fisted in E~ubrt A into the ~pplican Trees Ordin~ otected MEATS ractices as 1 C'~' s Pr DIRE building p star appliances to be BUILD~G orate the green GREEN t shall income modiflcation~ and dryers as energy The apphcan t fax the following the list. excep mated fr°m ers mat the ppllcant provid th project' 1 shallbe elim e energy star wash a d of e a. Item n°' shall includ a requ~ement e electrical stern is pail Item nO' 22 e rOject, to include lp0% of th of the sy stat b • ed into th p odified ately cost credits, includ 29 shall be m carry approxirn that the no. to the prOViso s, rebates, tax de Teciatio~ c. Item stem lding with energy' saving accelerated ~ e Desi~ as photovoltaic sY ce bw d federal tionlleasing offs such incentives credits ~ wed and approved Y back in ten Y Tars nCe tiveS~ Ted~en ~ to be revie renewable ene ~ his requ1 details of along The final dedication lttee- offer of geview Comm revocable G RpAD 'red tO ~~t the em-ent along the pr0~ect site. N • STELL~ shall be req lican ec ssarY roadway eas Franco Cour The, app oad for then rop°sed along stelling R s to remove all parking p ~0 feet' CODg.T of east side FR~G~ t shall revise pl Branco Court' curb~tO" a~be s rm the Toject , The applican ermined on at its existing a. arking shall be p aintained the driveway from the p p anco Court shall b e~se plans toy ~ all be n° driyeway access b • Fr al The applicant sh Court They c. Toject site to Franco new units .. ~~ p Court' ction methods fOT Franco constru °~ GA ZION d ath Titl 24 requirements' ~.~ ~S ~~ ~pISE ~~t steal pr0vrdsrst n w D The app e 28~ that are con O1~ZESTEAD R~~of F~ co COQ antb~ m hiterstat C~ CpURT tII southwest corn d approved by ~EN~G pF IF~d n the radi toaa width acceptable tO an lican ~~w e app t sha the public park R E1 t to OT~E , =' `C~ Road adjacen NS OR certain f r.' ` '` ~ public W °rks • T~4N S RESER e e~IO ay include N ~ -' ~ '' ~.. -, m ES DEDICA val set ford actions. ~, ~. , ` CE OF FE ect ~-PpTO and °ther ex nen ~...:: ~ I o wri ¢ ~ '~, ~T N, ~~,~ditions °f ps~;~ ~ requirements' constitute e F _ ,.i;nnS _,;~,~5. T