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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 114,878$ System Type Grid-tied Solar PV Starting Cost of Elec. ($/kWh)***0.150
<br />Installed System Cost ($/Watt)2.16$ System Capacity (DC kW)53.120 Rate Escalation (%/year)3.5%
<br />Number of Modules 128 N/A
<br />Federal Investment Tax Credit (ITC)34,463$ Approximate Module Area (sq. ft)3,007
<br />Incentives 68,927$ 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 11,488$ Average Solar Cost ($/kWh, 30 yrs)0.008$
<br />Year 1 Module Degradation 2.0%
<br />Project Payback (Years)1.5 Current Annual Consumption (kWh)*52,267 Year 2+ Module Degradation 0.5%
<br />Internal Rate of Return (IRR)70.6%Bi-Facial Production Gain 0.0%
<br />Cumulative Solar Savings (30 yrs)357,864$ 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 [$]Year
<br />1,447,795 369,352$ -$ 68,927$ 34,463$ -$ -$ 357,864$
<br />0 68,927 34,463 - - (11,488) (11,488)0
<br />1 52,267 7,840 - - - - - 7,840 (3,648)1
<br />2 51,222 7,952 - - - - - 7,952 4,304 2
<br />3 50,991 8,193 - - - - - 8,193 12,498 3
<br />4 50,762 8,442 - - - - - 8,442 20,940 4
<br />5 50,533 8,698 - - - - - 8,698 29,638 5
<br />6 50,306 8,962 - - - - - 8,962 38,600 6
<br />7 50,079 9,234 - - - - - 9,234 47,834 7
<br />8 49,854 9,514 - - - - - 9,514 57,349 8
<br />9 49,630 9,803 - - - - - 9,803 67,152 9
<br />10 49,406 10,100 - - - - - 10,100 77,252 10
<br />11 49,184 10,407 - - - - - 10,407 87,659 11
<br />12 48,963 10,723 - - - - - 10,723 98,381 12
<br />13 48,742 11,048 - - - - - 11,048 109,429 13
<br />14 48,523 11,383 - - - - - 11,383 120,813 14
<br />15 48,305 11,729 - - - - - 11,729 132,541 15
<br />16 48,087 12,084 - - - - - 12,084 144,626 16
<br />17 47,871 12,451 - - - - - 12,451 157,077 17
<br />18 47,656 12,829 - - - - - 12,829 169,906 18
<br />19 47,441 13,218 - - - - - 13,218 183,124 19
<br />20 47,228 13,619 - - - - - 13,619 196,743 20
<br />21 47,015 14,033 - - - - - 14,033 210,776 21
<br />22 46,804 14,458 - - - - - 14,458 225,234 22
<br />23 46,593 14,897 - - - - - 14,897 240,131 23
<br />24 46,383 15,349 - - - - - 15,349 255,480 24
<br />25 2 46,175 15,815 - - - - - 15,815 271,295 25 2
<br />26 45,967 16,295 - - - - - 16,295 287,590 26
<br />27 45,760 16,789 - - - - - 16,789 304,379 27
<br />28 45,554 17,298 - - - - - 17,298 321,677 28
<br />29 45,349 17,823 - - - - - 17,823 339,500 29
<br />30 45,145 18,364 - - - - - 18,364 357,864 30
<br />Totals 1,447,795 369,352$ -$ 68,927$ 34,463$ -$ -$ -$ 357,864$
<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 1 (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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