Agmt12 Cohen Ventures, Inc. DBA Energy Solutions

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Based on the preliminary recommended system size and type, Energy Solutions shall complete a preliminary assessment of the economic feasibility of a PV system at the site. Included in this initial economic feasibility assessment will be the following for City-owned systems: • Estimated project capital, operating, and maintenance costs over a 25-year period. • Estimated annual utility cost savings over the same period including any applicable net metering benefits, based on the expected applicable rate str ucture and including an assumed 2 percent ann ual rate escalation. • Estimated incentives that are likely to be available during the per iod of implementation. Energy Solutions shall include one additional pre liminary analysis for each site based on an alternative ownership structure in which a private entity owns the system. For this case, the initial assessment will also include the following: • 30 percent Investment Tax Credit. . Accelerated depreciation. TASK 1.4: Preliminary Recommendation Energy Solutions shall make a preliminary recommendation regarding which sites warrant a full site assessment based on the results of the initial economic feasibility study. Sites with a simple payback of 12 years or less will be considered economically feasible and will be recommended for further study. TASK 1.5: Summary of Results The results of Tasks 1.1 through 1.4 shall be summarized for the City in an excel spreadsheet that clearly lists key assumptions and initial recommendations. DELIVERABLE 1) Summary of Results. TASK 2. FULL SITE ASSESSMENT Energy Solutions shall conduct full assessments for sites that the City chooses to pursue further. TASK 2.1: Generation Analysis Energy Solutions shall develop not only a comprehensive estimate of the generation potential at each site, but also provide a prelim inary system design for an optimal system size. Task 2.1.1: Utility Data Collection ATTY/AGR/2012.091/ENERGY SOLUTIONS REV:07-23-12 VR Page 11 of 22