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. Estimated project capital, operating, and maintenance costs over a 25-year period. <br /> . Estimated annual utility cost savings over the same period including any applicable net <br /> metering benefits, based on the expected applicable rate str ucture and including an <br /> assumed 2 percent ann ual rate escalation. <br /> • Estimated incentives and grants that are likely to be available during the period of <br /> implementation. <br /> • 30 percent Investment Tax Credit for modeled scenarios involving private sector owners. <br /> . Accelerated depreciation benef its for modeled scenarios involving private s ector <br /> owners. <br /> . System production over the period includi ng assumed degradation. <br /> • Utility rates including assumed escalations. <br /> . Financing costs for modeled scenarios involving agency-financed systems. <br /> . Energy Solutions shall clearly state all assumptions regarding system degradation, <br /> electricity rate escalations, availability of incentives, and major O&M costs. Energy <br /> Solutions will also cite the basis for the initial estimate of capital equipment costs. <br /> Task 2.3.2: Financing Options <br /> At this early stage of the analysis, similar financing options are likely to be applicable to each <br /> site and for all the sites in the aggregate. Energy Solutions shall clearly present the following: <br /> . Financial incentives available for PV installations, <br /> • Typical PV financing mechanisms (e.g., direct purchase, lease, debt finance, power <br /> purchase agreements, and others) and the relative benefits and drawbacks of each, <br /> . Sources of capital funding if an agency wants to own the PV system outright, <br /> . Financial incentives i ncluding federal, state, and local incentives/rebates such as tax <br /> credits, accelerated depreciation, and California Solar Initiative rebates, <br /> . A discussion on whether the terms of any of the available programs is likely to change <br /> before the projects are installed, <br /> . Suggestions for how the City could take advantage of the incentives, <br /> . Eligibility requirements for each incentive, <br /> . Typical project profiles best suited for each type of financing. <br /> ATTY/AGR/2012.091/ENERGY SOLUTIONS <br /> REV:07-23-12 VR <br /> Page 16 of 22 <br />