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Prepared by: Apadana Prepared for:Little Canada City Hall Proposal ID:
<br />3401 Nevada Ave N 1880 Main St, Centerville, MN 55038
<br />New Hope, MN 55427 Date:8/29/2024
<br />Solar@apadanatech.com Offer Expire:9/28/2024
<br />www.ApadanaSolarTech.com
<br />Total Project Cost 54,390$ System Type Grid-tied Solar PV Starting Cost of Elec. ($/kWh)***0.150
<br />Installed System Cost ($/Watt)2.57$ System Capacity (DC kW)21.165 Rate Escalation (%/year)3.5%
<br />Number of Modules 51 N/A
<br />Federal Investment Tax Credit (ITC)16,317$ Approximate Module Area (sq. ft)1,198
<br />Incentives 32,634$ Federal Tax Rate N/A
<br />Tax Savings -$ Avg Utility Electric Rate ($/kWh, 30 yrs)0.234$ State Tax Rate N/A
<br />Cost Net of Incentives & Tax Savings 5,439$ Average Solar Cost ($/kWh, 30 yrs)0.011$
<br />Year 1 Module Degradation 2.0%
<br />Project Payback (Years)2.0 Current Annual Consumption (kWh)*18,535 Year 2+ Module Degradation 0.5%
<br />Internal Rate of Return (IRR)53.6%Bi-Facial Production Gain 0.0%
<br />Cumulative Solar Savings (30 yrs)125,541$ Solar Portion of Electric Consumption 100%Utility Provider Xcel Energy
<br />Year System
<br />Production [kWh]
<br />Production &
<br />Energy Savings*
<br />[$]
<br />Demand
<br />Savings** [$]
<br />Incentives /
<br />Grants /
<br />Rebate [$]
<br />Investment Tax
<br />Credit [$]
<br />Federal
<br />Depreciation [$]
<br />State
<br />Depreciation [$]
<br />Loan Payment
<br />[$]
<br />Annual
<br />Cash Flow [$]
<br />Cumulative
<br />Cash Flow [$]Year
<br />513,419 130,980$ -$ 32,634$ 16,317$ -$ -$ 125,541$
<br />0 32,634 16,317 - - (5,439) (5,439)0
<br />1 18,535 2,780 - - - - - 2,780 (2,659)1
<br />2 18,164 2,820 - - - - - 2,820 161 2
<br />3 18,083 2,906 - - - - - 2,906 3,067 3
<br />4 18,001 2,994 - - - - - 2,994 6,061 4
<br />5 17,920 3,085 - - - - - 3,085 9,145 5
<br />6 17,840 3,178 - - - - - 3,178 12,323 6
<br />7 17,759 3,275 - - - - - 3,275 15,598 7
<br />8 17,679 3,374 - - - - - 3,374 18,972 8
<br />9 17,600 3,476 - - - - - 3,476 22,448 9
<br />10 17,521 3,582 - - - - - 3,582 26,030 10
<br />11 17,442 3,690 - - - - - 3,690 29,721 11
<br />12 17,363 3,802 - - - - - 3,802 33,523 12
<br />13 17,285 3,918 - - - - - 3,918 37,441 13
<br />14 17,207 4,037 - - - - - 4,037 41,478 14
<br />15 17,130 4,159 - - - - - 4,159 45,637 15
<br />16 17,053 4,285 - - - - - 4,285 49,922 16
<br />17 16,976 4,415 - - - - - 4,415 54,338 17
<br />18 16,900 4,549 - - - - - 4,549 58,887 18
<br />19 16,824 4,687 - - - - - 4,687 63,575 19
<br />20 16,748 4,830 - - - - - 4,830 68,404 20
<br />21 16,673 4,976 - - - - - 4,976 73,380 21
<br />22 16,598 5,127 - - - - - 5,127 78,508 22
<br />23 16,523 5,283 - - - - - 5,283 83,790 23
<br />24 16,449 5,443 - - - - - 5,443 89,234 24
<br />25 2 16,374 5,608 - - - - - 5,608 94,842 25 2
<br />26 16,301 5,778 - - - - - 5,778 100,620 26
<br />27 16,227 5,954 - - - - - 5,954 106,574 27
<br />28 16,154 6,134 - - - - - 6,134 112,708 28
<br />29 16,082 6,321 - - - - - 6,321 119,029 29
<br />30 16,009 6,512 - - - - - 6,512 125,541 30
<br />Totals 513,419 130,980$ -$ 32,634$ 16,317$ -$ -$ -$ 125,541$
<br />*The numbers above are estimates based on industry standards complied by a 20 year average of geo-specific data. Actual numbers may vary.
<br />***Starting electricity rate based on utility bills provided, will increase annually
<br />Rev 2 (CASH)
<br />INVESTMENT SNAPSHOT SYSTEM SNAPSHOT INPUT DATA & ASSUMPTIONS
<br /> FINANCIAL DETAILS
<br />* No bill provided. Annual electric consumption is estimated.
<br />Post-Solar Demand Savings
<br />© ApadanaSolarTech.com
<br /> 3401 Nevada Ave N, Minneapolis, MN 55427
<br />(612) 636-1241
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