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Community Solar Garden Memorandum <br /> 6  <br />  <br />the city facilities selected. As discussed in the memorandum, the estimates below are subject to a number <br />of variables and do not represent guaranteed savings. <br />Estimated Net Present Value of Cumulative Savings from Proposed Subscription Agreement <br /> <br />Subscription Size <br />Scenario 1 <br />Standard <br />assumptions* <br />Scenario 2 <br />No increase in <br />solar bill credit <br />Scenario 3 <br />Solar bill credit <br />increases by 3% / yr <br />352 kW <br />(approximately 25% <br />city’s annual electricity <br />use) <br />$338,827 $20,616 $390,522 <br /> <br />*Standard assumptions provided by the Clean Energy Resource Teams calculator include: <br /> Annual increase in solar energy bill credits: 2.65% (reflecting the historical rate of increase) <br /> Year 1 bill credit: $0.11914/kWh for General Service; $0.14431/kWh for Small General Service <br />(inclusive of $0.02/kWh renewable energy credit payment) <br /> Discount rate: 4% <br /> Annual decrease in solar panel performance: 0.5% <br /> <br /> <br /> <br /> <br /> <br />40