Denie Leslie

Company
WATT Electric Inc.
601 McCray Street, Suite 204
Hollister, CA 95023
UNITED STATES
-

Contact Person:
Mike Gallagher
-

Phone: 831-637-1000
Fax: 831-637-1400
Mail: mike@wattelectricinc.com

Client
Client Inc.
2161 Teakwood Court
Hollister CA 95023
UNITED STATES
-

Contact Person:
Your contact person
-

Phone: ++49-(0)9876-543210
Fax: ++49-(0)9876-543211
Mail: info@client.com

Project
Address:
2161 Teakwood Court
Hollister CA 95023
UNITED STATES

Project Description:
Project details for your PV installation
 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

PV system
Location Hollister
Climate Data SAN JOSE INTL AP
PV Generator Output 5.52 kWp
Generator Surface 426 ft²
Number of PV Modules 24
Number of Inverters
*
1

The output
Annual Electricity Production 8987 kWh
Performance Ratio 81.25 %
Spec. Annual Yield 1628 kWh/kWp
CO2 emissions avoided 17554 lbs/year
*

Your gain
Net investment $25,150.00
Internal Rate of Return 22.6 %
Amortization Period 6.1 years
*

The results have been calculated with a mathematical model calculation from Dr. Valentin EnergieSoftware GmbH (PV*SOL algorithms). The actual
yields from the solar power system may differ as a result of weather variations, the efficiency of the modules and inverter, and other factors.

PV*SOL basic 4.0 (R1) Page 2 of 8

 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

PV system structure
Solar Generator
1. Module Area Module Area 1
Solar Modules* 24 x REC230AE
Manufacturer REC Solar
Inclination 22 °
Orientation South (0 °)
Installation Type Flush Mount
Generator Surface 426 ft²

Inverters
1. Module Area Module Area 1
Inverters 1* 1 x Sunny Boy 6000US (USA/277V/60Hz)
Manufacturer SMA America, Inc.
Configuration 2 x 12

* The guarantee provisions of the respective manufacturer apply

PV*SOL basic 4.0 (R1) Page 3 of 8

 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

Financial Analysis

Before Installation of Solar System

Annual electricity costs $2,900.21

Input variables for the financial analysis

Gross Installed System Cost $25,150.00
Assessment Period 25 years
Operations and Maintenance costs $150.00

After Installation of Solar System

Annual electricity costs $476.16
Annual electricity cost savings $2,424.05

Economic parameters
Internal Rate of Return 22.6 %
Amortization Period 6.1 years
Accrued Cash Flow (Cash Balance) $109,984.80

Figure: Accrued Cash Flow (Cash Balance)

PV*SOL basic 4.0 (R1) Page 4 of 8

 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

Financial Analysis

Figure: Electricity cost trend (price increase rate 6 %)

Cost Breakdown

Gross Installed System Cost $25,150.00

Incentives received by the Installer
CSI PG&E EPBB (Res.) (Step 8), 99% DF $1,637.00
Customer Payment to the Installer $23,513.00
Federal PV Tax Credit (Res.) (Jan. 2009) $7,053.90
Net investment $16,459.10
Loan $0.00
Cash Payment $16,459.00

PV*SOL basic 4.0 (R1) Page 5 of 8

 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

Cashflow Table

Position year 0 year 1 year 2 year 3 year 4

PV System Costs ($16,459.00) $0.00 $0.00 $0.00 $0.00
O&M Costs ($150.00) ($150.00) ($150.00) ($150.00) ($150.00)
Utility Savings $2,424.05 $2,569.49 $2,723.65 $2,887.07 $3,060.29
Annual cash flow ($14,185.05) $2,419.49 $2,573.65 $2,737.07 $2,910.29
Accrued Cash Flow (Cash ($14,185.05) ($11,765.56) ($9,191.91) ($6,454.84) ($3,544.55)
Balance)

Position year 5 year 6 year 7 year 8 year 9

PV System Costs $0.00 $0.00 $0.00 $0.00 $0.00
O&M Costs ($150.00) ($150.00) ($150.00) ($150.00) ($150.00)
Utility Savings $3,243.91 $3,438.55 $3,644.86 $3,863.56 $4,095.37
Annual cash flow $3,093.91 $3,288.55 $3,494.86 $3,713.56 $3,945.37
Accrued Cash Flow (Cash ($450.64) $2,837.91 $6,332.77 $10,046.33 $13,991.70
Balance)

Position year 10 year 11 year 12 year 13 year 14

PV System Costs $0.00 $0.00 $0.00 $0.00 $0.00
O&M Costs ($150.00) ($150.00) ($150.00) ($150.00) ($150.00)
Utility Savings $4,341.09 $4,601.56 $4,877.65 $5,170.30 $5,480.53
Annual cash flow $4,191.09 $4,451.56 $4,727.65 $5,020.30 $5,330.53
Accrued Cash Flow (Cash $18,182.79 $22,634.35 $27,362.00 $32,382.30 $37,712.83
Balance)

Position year 15 year 16 year 17 year 18 year 19

PV System Costs $0.00 $0.00 $0.00 $0.00 $0.00
O&M Costs ($2,950.00) ($150.00) ($150.00) ($150.00) ($150.00)
Utility Savings $5,809.35 $6,157.92 $6,527.40 $6,919.03 $7,334.18
Annual cash flow $2,859.35 $6,007.92 $6,377.40 $6,769.03 $7,184.18
Accrued Cash Flow (Cash $40,572.18 $46,580.10 $52,957.50 $59,726.53 $66,910.71
Balance)

Position year 20 year 21 year 22 year 23 year 24

PV System Costs $0.00 $0.00 $0.00 $0.00 $0.00
O&M Costs ($150.00) ($150.00) ($150.00) ($150.00) ($150.00)
Utility Savings $7,774.23 $8,240.69 $8,735.12 $9,259.23 $9,814.79
Annual cash flow $7,624.23 $8,090.69 $8,585.12 $9,109.23 $9,664.79
Accrued Cash Flow (Cash $74,534.94 $82,625.63 $91,210.75 $100,320.00 $109,984.80
Balance)

PV*SOL basic 4.0 (R1) Page 6 of 8

 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

PV Module: REC230AE
Manufacturer REC Solar
Available Yes

Electrical data
Output 230 W
Efficiency 13.9 %
MPP Voltage 29 V
MPP Current 8.02 A
*

Open Circuit Voltage 36.94 V

Short-Circuit Current 8.59 A
Voltage Coefficient -125.6 mV/K
Electricity Coefficient 5.15 mA/K
*

Maximum System Voltage 1000 V

Absorption Coefficient 70 %
Emissions Coefficient 85 %
*

Spec. Heat Capacity 920 J/(kg*K)

Incident Angle Modifier 95 %
Standard Part Load Operation No
Open Circuit Voltage (Part Load) 35.182 V
*

Short-Circuit Current at Part Load 2.575 A

MPP Voltage at Part Load 28.806 V
MPP Current at Part Load 2.405 A
Irradiation 300 W/m²
*

Lower Output Tolerance 0%

Upper Output Tolerance 2%
Increase open circuit voltage before stabilisation 0%

Mechanical data
Width 991 mm
Height 1665 mm
Weight 22 kg
Cell Type Si polycrystalline
*

PV*SOL basic 4.0 (R1) Page 7 of 8

 Project Designer: Mike Gallagher
Company: WATT Electric Inc.

Date of offer: 2/6/2011

Project Number: 0009
Customer Number: Your customer number

Denie Leslie

Inverters: Sunny Boy 6000US (USA/277V/60Hz)

Manufacturer SMA America, Inc.
Available Yes

Electrical data
AC Power Rating 6 kW
Nom. AC Voltage 6.35 kW
Max. AC Voltage 6.1 kW
Max. DC Voltage 6.35 kW
*

Feed-in from 40 W
Stand-by Consumption 7W
Night Consumption 0.1 W
Output Range < 20% of Power Rating 95 %
*

Output Range > 20% of Power Rating 100 %

Nom. DC Voltage 310 V
Max. Input Voltage 600 V
Change in efficiency when input voltage deviates from -1 %/100V
rated voltage
*

Max. input current 25 A

Number of DC Inlets 3
Without Transformer No

MPP Tracker
No. of MPP Trackers 1
Max. Recommended Input Power per MPP Tracker 6.35 kW
Min. MPP Voltage 250 V
Max. MPP Voltage 480 V
*

Max. Input Current per MPP Tracker 25 A

*

PV*SOL basic 4.0 (R1) Page 8 of 8