Billy Wilder

Bicycle Solar
111.222.3333

Solar Electric Proposal with Smart Financing

9.4 kW STC PV System
Prepared For:
Site:
Date:

Jack Sun and Jill Sky

117 So Mary Ave, #30
Sunnyvale, CA 94087
May 16, 2013

Net Savings
Total Electric Bill Savings over loan term / over 25 years *
Net System Cost = Total System Cost - Incentives
Total Net Financing Costs over 20-year loan term

$110,475 / $153,747
$29,834 = $42,620 - $12,786
$16,854

Total Net Savings over loan term / over 25 years

$63,787 / $107,060

Smart Financing
Cash Paid At Installation

What is Smart Financing?

$5,000

Home Equity Line of Credit (secured)

$35,000
Amount Financed
8% / 20 years
Interest Rate / Term
$194.01
Monthly Loan Payment
$12,786
Net Benefits To Principal

With Smart Financing, some or all incentives (such as the

30% federal tax credit) can be used to pay down the line-ofcredit principal when received.
The monthly payment is calculated to pay off the principal
over the 20-year term.

Personal Line of Credit (unsecured, not tax deductible)

$2,620
Amount Financed
13% / 5 years
Interest Rate / Term
$59.61
Monthly Loan Payment

PV System
System Size STC Rating
9.4 kW STC DC
Total System Efficiency
69.9%
PV System On:
South-facing composition shingle roof

No Solar vs. Solar w/ LOC

First Month

$400
$300
$200
$100
$0

Electric
Bill Before
Solar
$359

Electric Bill

New Net
Cost
$194

LOC Payment

Monthly Usage and Solar Production

39 Canadian Solar CS5P-240P modules and 2 SMA America

SB3800U (240V) inverters

Electric Usage and Solar Production

Estimated Yr-1 Electric Usage 15,900 kWh
12,871 kWh
Est. Yr-1 Solar Production
81%
Annual kWh Offset %

1,600
1,400
1,200
1,000
800
600
400
200
0
kWhs

Bicycle Solar and/or OnGrid Solar

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Production

Usage

Billy Wilder
Bicycle Solar
111.222.3333

Electric Bill With Solar plus Smart Financing Payments compared to the Electric Bill Without Solar
$12,000

Annual Costs

$10,000
$8,000
$6,000
$4,000
$2,000
$Years

11

13

15

17

Electricity Cost w/o Solar

19

21

23

25

New Net Cost

Comparing Options - Pick Your Best Choice

Upfront

1 Year

7 Years

13 Years

20 Years

25 Years

$4,161
($7,171)
($3,010)

$32,368
($21,230)
$11,139

$67,042
($33,426)
$33,616

$117,665
($53,877)
$63,787

$162,061
($55,001)

$4,161
($29,939)
($25,779)

$32,368
($30,653)
$1,715

$67,042
($31,531)
$35,512

$117,665
($37,024)
$80,641

$123,913

$0

$0

$0

$0

o WITH SMART FINANCING

Cumulative Savings
Cumulative Cost ** ($5,000)
Net Savings

$107,060

o CASH PURCHASE
Cumulative Savings
Cumulative Cost ** ($42,620)
Net Savings

o NO SOLAR
Net Savings

$162,061
($38,147)

- DO NOTHING
$0

* Page-1 Bill Savings is after system operating expenses. Page 2 includes these expenses under Cumulative Cost.
** Cumulative Cost is reduced by incentives when received.

DISCLAIMER: This information is provided as an illustration of potential financial benefits stemming from ownership of a solar electric system. This is
not a production guarantee.A professional accountant or tax advisor should confirm these estimates.Neither Bicycle Solar nor OnGrid Solar warrants the
applicability of these estimates for particular business cases, and both disclaim all liability.

Bicycle Solar and/or OnGrid Solar

Billy Wilder
Bicycle Solar
111.222.3333

Environmental Benefits

Over 25 years, this solar system is

estimated to offset:
504,781 lbs of CO2 (greenhouse gas)
1,620 lbs of NOx (smog)
1,466 lbs of SOx (acid rain)
100 lbs of particulates (asthma)
821,330 miles in an average car
or 32,853 miles per year

It's like taking 2.7 cars off the

road for 25 years

Area of Equivalent Number of Trees Planted

Relative to a Typical 6000 sqft Lot (.14 acre)

Equivalent Area of Trees Planted

or planting 4.3 acres of trees

Typical 6000sqf Lot Area

Bicycle Solar and/or OnGrid Solar