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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 Federal Tax Rate N/A
<br />Incentives 32,634$ State Tax Rate N/A
<br />Tax Savings -$ Avg Utility Electric Rate ($/kWh, 30 yrs)0.234$ Loan Amount 54,390$
<br />Cost Net of Incentives & Tax Savings 5,439$ Average Solar Cost ($/kWh, 30 yrs)0.011$ Loan Term (years)20
<br />Loan Interest Rate (%/yr)6.00%
<br />Project Payback (Years)N/A Current Annual Consumption (kWh)*18,535 Year 1 Module Degradation 2.0%
<br />Year 2+ Module Degradation 0.5%
<br />Cumulative Solar Savings (30 yrs)86,412$ 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$ -$ -$ (93,520)$ 86,412$
<br />0 32,634 16,317 - - 48,951 48,951 0
<br />1 18,535 2,780 - - - - - (4,676) (1,896) 47,055 1
<br />2 18,164 2,820 - - - - - (4,676) (1,856) 45,199 2
<br />3 18,083 2,906 - - - - - (4,676) (1,770) 43,429 3
<br />4 18,001 2,994 - - - - - (4,676) (1,682) 41,747 4
<br />5 17,920 3,085 - - - - - (4,676) (1,591) 40,155 5
<br />6 17,840 3,178 - - - - - (4,676) (1,498) 38,657 6
<br />7 17,759 3,275 - - - - - (4,676) (1,401) 37,256 7
<br />8 17,679 3,374 - - - - - (4,676) (1,302) 35,954 8
<br />9 17,600 3,476 - - - - - (4,676) (1,200) 34,754 9
<br />10 17,521 3,582 - - - - - (4,676) (1,094) 33,660 10
<br />11 17,442 3,690 - - - - - (4,676) (985) 32,675 11
<br />12 17,363 3,802 - - - - - (4,676) (874) 31,801 12
<br />13 17,285 3,918 - - - - - (4,676) (758) 31,043 13
<br />14 17,207 4,037 - - - - - (4,676) (639) 30,404 14
<br />15 17,130 4,159 - - - - - (4,676) (517) 29,887 15
<br />16 17,053 4,285 - - - - - (4,676) (391) 29,497 16
<br />17 16,976 4,415 - - - - - (4,676) (261) 29,236 17
<br />18 16,900 4,549 - - - - - (4,676) (127) 29,109 18
<br />19 16,824 4,687 - - - - - (4,676) 11 29,121 19
<br />20 16,748 4,830 - - - - - (4,676) 154 29,275 20
<br />21 16,673 4,976 - - - - - - 4,976 34,251 21
<br />22 16,598 5,127 - - - - - - 5,127 39,378 22
<br />23 16,523 5,283 - - - - - - 5,283 44,661 23
<br />24 16,449 5,443 - - - - - - 5,443 50,104 24
<br />25 2 16,374 5,608 - - - - - - 5,608 55,712 25 2
<br />26 16,301 5,778 - - - 5,778 61,491 26
<br />27 16,227 5,954 - - - 5,954 67,444 27
<br />28 16,154 6,134 - - - 6,134 73,579 28
<br />29 16,082 6,321 - - - 6,321 79,899 29
<br />30 16,009 6,512 - - - 6,512 86,412 30
<br />Totals 513,419 130,980$ -$ 32,634$ 16,317$ -$ -$ (93,520)$ 86,412$
<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 (LOAN)
<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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