ࡱ> }   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|~Root Entry\ob$OSL5ߦ&q@PerfectOffice_MAIN& SummaryInformation(8PerfectOffice_OBJECTS,ߦ&ߦ& 2 2333D 2333D@ 233D033D 033D 033D 0C33D 0433D P 2033D00033D 00033D 0033@ 1033D0033D @ 2033D 2033DA 2033DA1033D0033D 1033D 2033D@ 2033D30033D 2 2033D 2033D@ 2p33D0033D 0 33D 033D 0833D @ 233D033D 033@ 033D 0<33D 00033@ @ 233DP033D  2033@1033DP 2033@P0033D P0033D P033D 033@ 033D 033D 033D 0D `33D 033D 033D 033D 133@033@ 033D 033D 033D P033D 033D 0<33D  2033D1033D0033D P 2033@P0033D @ 2033DP0033D P033D P 2033D5033@ 3 2033D033D @ 233D0D @ 2D0D 00033D 1033DA 2033DA1033D0033D 1033D30033D 3 2033D 2033D@ 20D033@ 0D @ 20D033D A133@A133D@033D P03D 00D 0033D 03D A03D P0D 00D 0D A0D P0D 0D 00<D 00D A0D P03D 00D 00<0D 00D A03D A033@ 0033@ 31033D@ 233D0033@ 0033@ 0033@ @ 2033DA 2033D133D133@133@1U33D1@33D1@33D1@0D133D133D33D133D133D033D 133@P133@133@133@133D133DP133@P133@133@P133@133@133@2033@ 033@ 033@ 033D 033D 033D P033D P033D 033D @033D 133@033@ B033@ 033@ 033@ 033@ 033@ 033@ 033@ 033D 033D P033D P03D 0D 00D 0D P0D 033@  233D133DP 233DP033D @ 233DP033D 000D 0D A03D 00D @D T0D 0D A0D 0033D 133DA 233DA133DA 233D033D 133D3033D 3133D 233D@ 2D@33@ A133@0D P0D 0LM ?/3$ Arial #n2 3$Arial #n2 3$ Arial #n2 3$ Arial #n2 3$ Arial #n2 3$ Arial #n2 3@S Normal Comma Currency Percent Fixed DateHeading 1Heading 2 Total Comma0 Currency0033@ R033@ 2033@ B033@ 033@  033@ 033@ 033@ 0 33@ P033@ 0033@ 033@ 033@ 0@033D 033@ 0D 033@ `33@ 033@ 0@ 33D 033@ 033@ 033@ P033@ 033@ P033@ P0@33D P033@ 033@ 033@ 033D 033D 033D P033D 033D 033D P03D 0D 00D 0D 0<33D 1033D1033DP0033D 0033D 0033D 0033D 0033D @1033DP0033D P033D T0 0D T0D 00D 00<0D 00D A03D 00<33D A033D P1033D1033D00033D 21033DA1033D@0033D 30033D 1033D@133D@33@ A133@P033@ 033@ 033@ T033@ T033@ T06 33@ B 2033D@033@ B1033D033D 033D 033D 033@ 033D 0<33D P1033D1033D0033D P0033D 1033D@1033D@0033@ A1033D00033D 0033D 21033D@0033D 30033D @133D 2033D@ 2033DP 2033D@ 2033D@ 2033D 2033DB 2033D2 2033DA 2033D 2033D@ 233D0D T0D 0D 030D T000D 003D @30D T@00D @03D 033@ 0D @30D T@00D @03D @D T@D @D 033D  233DT0D P03D 0D 0D 00D T0 0D 00D 00<0D @0D 00D A03D @0D "133Dg233D133D133D133D133D0033@ 006 33@ 0033@ 4033@ 4033@ 406 33@ 4033@ 033@ 033@ 0D 0@033D 033D 033D 033@ 033@ 033D 033@ 0@033D 033@ 033D 033D P033@ 033@ 033D 033D 033D 033@ 033@  033@ 033@ 0D 0033D 00D 0033D 0 33D 0033D P033D 00D 0 D 00D P0D 0U33D 0@33D 0@33D 0@0D 033D 033D 033@ P033@ 033@ P 233@P 233@ 233@033D 033D 033D  2033DA 2033D 233@033@ @033@ 033@ 033@ 033@ 033D  2033D033D 1033D0033@I0033@I0033@I0033@ D033@ B033@ P033@ 0033@ P033@ 033@ 033@ 0033@ 033@  2033D@ 2033DP033@ 0033@ 0033@ 006 33@ 0033@ 0033@ 033@ 033@ P03D 0D 00D 000D @D T0D 00D 0D A03D 0D P0D 00D @D 0D A0D 033D 033D 033D 033D 0D 0D 00D 03D A033D 00033D 00<33D 0?33D P 2333D00333D 00333D 00333@ 1333D0333D @ 2333D 2333DA 2333DA1333D0333D 1333D 2333D@ 2333D30333DD  2D1DP 2DP0D @ 2D1DA 2DA1DA 2D0D 1D30D 31D 2D@D 0 2DA 2D033@ P033D P033D P033@ 033D P033D 133@2133@@033@ @033@ 033@ 0D 0D 20D 133@0033D T033@ 4033@ 033@ 4033@ 033@ 2133@2133@4033@ 3 2D 2D2 2D 2DP1D@1D0D P0D 1D 2D033@ 033@ 0033@ 0033@ 033@ 033@ 033D 033D 033D !033@ 033@ 033@ 0D 0033@ @ 2D0033@ 0033@ 0033D 0033D 0@33@ 0@33D 033@ 0033@ 0033@ C033@ 033@ 033@ 033@ 033@ 033@ d7KY!_d<  ?)($(  A   ?      wY@W swW H H H (p lwwwwwwwwgt?ww@ H H H (p lwwwwwwwGpY@W swW X H X p lwwwwwwwwwwwwwwwwwwwwwwww>>w7 7 wwwwgpQpvww7 7 wwwwg!pQpvwwwwwwwG!pQpvwwwwwwwwwwwwwwww'!pQpvwgpwwwww lwwwwwH(%pww lww'ww'///////////////////o8pwww7|*`*``۞s.YAqwwwG!pQpvwg"x ZZuwxzxZ r'| z|sx|'OjUEhHZ HZ XMLhJ LLH OOh |wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww*'""" "   ,0 $ (       Tq  d2X, X1Axis? Ts  d2X, Y1Axis?  Tt  d2X, Y2Axis? }j  d2X, 1PaneLeftWallRightWallBaseSeriesSeriesLabel?  Ym  d2X,  X1Title? /xYo  d2X,  Y1Title? hxYp  d2X,  Y2Title? xTl  d2X, Legend? }Z   Title?$ArialPArial "]ZYChart1!_d<  ?($(  A   ?     w@wX pww lww2(wwwwwwwwwwwwwwwwwwwwwwwwwg8 pQpvwwwwwwwwwwwwwwwwwwwwwww'HEpG H s+"SolarS&W%jectwww7pQpvwwwwwwwwwww79=U&wwwww lwwwwwwwwwwwGCumulatioW26Flowwww!pQpvwwwwwwwwwwwww ܬBww lwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww7*"fff""" %  J % $ (       Tq  d2X, X1Axis? Ts  d2X, Y1Axis?  Tt  d2X, Y2Axis? }j  d2X, 1PaneLeftWallRightWallBaseSeriesSeriesLabel?  Ym  d2X,  X1Title? Yo  d2X,  Y1Title? 8Yp  d2X,  Y2Title? qTl  d2X, Legend? }Z   Title?$ArialArial "]Z   %&'( @@0d  $ Arial@4 L$ Arial@4 L  LB  P%&'( 0d  $ Arial@4 L$ Arial@4 L  B #$    $^  "ddư> " n2  ?6  HH #  0u    $ f $ g i2 $   0  b E-/g $ 0d H   lu vH ",*6KYInputs$u<7~7%% %   %%-`F72  &()/015==?=223      !"#$      !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~6Solar Energy Cash Flow Calculator by Paul GipeHxnn  Arial Ariald"I Enter data in these cells.H>44 Arial H )SolarShare TorontoProject Description)Location)Rated Power DC (kW)()Type (Residential or Commercial) ( Solar Resource )Yield (kWh/kW/yr) AAnnual Decrease in Yield )Availability )Array Efficiency ( Cost)Specific Cost ($/kW))Installed Cost)Total Installed Cost (Financing Terms)Equity to Debt)Return on Equity)Term of Debt)Interest on Debt)Discount Rate (nominal) )Inflation Rate (General))Inflation Rate (Energy))Equity )Debt ()Federal Tax PositionH>44' AUse Federal Subsidy (yes or no)!AType of Subsidy")Tax Credit#Buy-Down Payment$AYear 1 Payment/kWh%)Federal Tax Rate&AFederal Sales Tax '((Provincial Tax PositionHF(<<*)I Use Provincial Subsidy (yes or no)H>)44"*AType of Subsidy+)Provincial Tax Credit,Buy-Down Payment-AYear 1 Payment/kWh.)Provincial Tax Rate/AProvincial Sales Tax 0#1Annual Reoccurring Expenses2)Total Expense'3)Applies to % of Installed Costs 4(,5Power Purchase Agreement or Contract6)Tariff T1 ($/kWh)7)Term T1 (yr)8)Tariff T2 ($/kWh)9)Term T2 (yr),:)Portion of T1 Adjusted for InflationHF:<< ,;)Portion of T2 Adjusted for InflationHF;<< &=Avoided Cost of Energy ($/kWh)  8 ( (1Toronto 21Commercial 8  (  B sMb  R  R ( ( @$j8A "j8AP X (S?p= ף? 2 Q?=m̡E?)    s?sQ?$A )3A    x x  yes!payment/kWh#$%S?&;Q? ' ( )yes*payment/kWh +,}-.S"~j?/;"~j? 0 1(2s~jt? 3R 4( 5(6{zG? 7 8z 92 :R ;R=? >( ?( ()Determines yield.3)Note that some projects are rated in kW AC.!)Determines tax treatment. (  ( )See tab: Yield Examples1 AAllowance for cell degradation over time.6 )Allowance for downtime to perform maintenance.8 )Any other losses not included in Yield estimate. ( ( ( ( ( ( ( ()Desired. Used in WACC. ( (6)Weighted Average Cost of Capital. Used in NPV. ( (   ( (  AUse of subsidy optional.8!AType "payment/kWh", "tax credit", or "buy-down".HF!<<-")There may be no tax credit available.*#AThere may be no payment available.*$AThere may be no payment available. %( &@ '( ( )AUse of subsidy optional.8*AType "payment/kWh", "tax credit", or "buy-down".HF*<<-+)There may be no tax credit available.*,AThere may be no payment available.*-AThere may be no payment available. /(%2)See tab: Annual Cost Examples 3( 4( 5( 6( 7( 8( 9( :( ;( <(,=)Current retail price of electricity. (ResultsIRR-20 yrIRR-30 yrROE-20 yrROE-30 yr NPV-20 yr NPV-30 yr PI-20 yr PI-30 yr  ( !@ "@ #@ $@ &( )( *@ +@ ,@ -@ /( 2( (U HWA?U ;W?uiSW?uJL&6? У x쏢`z@ } nK } Ci@F?  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H .H .H /H /H /H /H /H /H /H / H / H / H / H / H /H /HReoccurring Expenses$u<7~7%eeeeee e e e e eeeeeeeeeeeeeeeeeee e!e"e#e$e%e         !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~136Annual Reoccurring Expensessssssssss H -H03()Total ExpenseeeeeeeeeeE32AInflation Rate (General))))))))))- 3()Installed Costttttttttt-.3:)Applies to % of Installed Costssssssssss ( 0  ( ( @m~jt?0m?j8A ?. h Year   p    P  WC     ;_K'     ;    W@C     ;_@K'     ; W7@C     ;_7@K'     ; W@C     ;_@K'     ; W23331@C     ;_23331@K'     ; WyGM@C     ;_yGM@K'     ; Wxi6@C     ;_xi6@K'     ;  W sE@C     ;_ sE@K'     ;  W 3 I@C     ;_ 3 I@K'     ;   W TpzU@C     ;_ TpzU@K'     ;   W "Eъj@C     ;_ "Eъj@K'     ;   W iMg@C     ;_ iMg@K'     ;  W@C     ;_@K'     ;  W!cw7@C     ;_!cw7@K'     ; W05_@C     ;_05_@K'     ; W0;F~@C     ;_0;F~@K'     ; W}]x'@C     ;_}]x'@K'     ; Wm@C     ;_m@K'     ; WBć@C     ;_Bć@K'     ; W}ߡ\>@C     ;_}ߡ\>@K'     ; WY@C     ;_Y@K'     ; W݈[@C     ;_݈[@K'     ; W-}@C     ;_-}@K'     ; WAww#@C     ;_Aww#@K'     ; Wc@C     ;_c@K'     ; WI29@C     ;_I29@K'     ; W Awa@C     ;_ Awa@K'     ; Wdճ@C     ;_dճ@K'     ; W]TB@C     ;_]TB@K'     ; WE@C     ;_E@K'     ;  W +`/@C     ;_ +`/@K'     ; !W!>E)@C     ;_!>E)@K'     ; " W"*-((@C     ;_"*-((@K'     ; #!W#}7C@C     ;_#}7C@K'     ; $"W$=-@C     ;_$=-@K'     ; %#W%Ŵ@C     ;_%Ŵ@K'     ; & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? @ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [ \ ] ^ _ ` a b c d e f g h i j k l m n o p q r s t u v w x y z { | } ~                                                                                                                                 Commercia Deductions$u<7~7%  :(((((( ( ( ( ( ((((((((((                                ! " # $ %  Commercial DeductionsInstalled CostClass 43.2 DepreciationFirst Year RuleFederal Tax Rate)Provincial Tax Rate Total Corporate Tax Rate. iCCA Capital Cost Allowance Canada 43.2 Opening Balance Depreciation9 Earnings Before Tax, Depreciation, & AmortizationMaximum DepreciationClosing Balance'After Tax Value of Depreciation+After Tax Value of Interest Expense3After Tax Value of Annual Reoccurring Costsj8As?s?u? u"~j?($U v?  p  Year         j8A, jA  jA$O2A $A       O2A$ O"A   O"A$O"A  $p A $hffff@  $33333@    O"A$ OA    OA$OA  $p@ $]f M@ $Gz@    OA$ OA    OA$OA  $p@ $lL@ $;Or@    OA$ O@    O@$O@  $p@ $3-<@ $D$(@    O@$ O@    O@$O@  $p@ $[o@ $v@    O@$ O@    O@$O@  $p@ $c^,p@ $=<@@      O@$  O@       O@$ O@   $ p@ $ ұw@ $ yV>(f@      O@$  O@       O@$ O@   $ p@ $ SBܚ@ $ d@       O@$  O@       O@$ O@   $ p@ $ X[8C@ $ @~@       O@$  O@       O@$ O@   $ pz@ $ ŷP`а@ $ G|;@       O@$  O@       O@$ O@   $ pj@ $  $ /lBT@     O@$ Or@    Or@$Or@  $pZ@ $ $*@     Or@$ Ob@    Ob@$Ob@  $pJ@ $ $4@    Ob@$ OR@    OR@$OR@  $p:@ $ $0-^@    OR@$ OB@    OB@$OB@  $p*@ $ $/T @    OB@$ O2@    O2@$O2@  $p@ $ $<8@    O2@$ O"@    O"@$O"@  $p @ $ $"@    O"@$ O@    O@$O@  $p? $ $:Q@    O@$ O@    O@$O@  $p? $ $ZO;'@    O@$ O?    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" # $ % & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? @ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [ \ ] ^ _ ` a b c d e f g h i j k l m n o p q r s t u v w x y z { | } ~                                                                                                                                  !Annual Generation Revenue Solar Resource34Rated Power DC (kW))))))))))))))Yield (kWh/kW/yr) AAnnual Decrease in Yield)Availability)Array Efficiency ( Energy Generation  Gross  NetRevenueH>44Gross Revenue"Federal Production Payment!Federal Buy-Down Payment %Provincial Production Payment,State or Provincial Buy-Down Payment   (Ei@@mMb?? (  1 Year 9kWh/yr 9kWh/yr  0  0      Total   P <    ;X D&    ;,   $ p\.yespayment/kWhU; ;  ! {g9yespayment/kWhU; ;  !  p\.yespayment/kWhU; ; )* {g9yespayment/kWhU; ; )* "P   P L A<    ;X L AD&    ;, L A  $@ p@\.yespayment/kWhU; ;  ! {@g9yespayment/kWhU; ;  ! Cyesbuy-downUUU U ;; !        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Year Q$/kWh  zG?6@ ]4@. m. m. u. u. Year Q$/kWh                   ! " # $ % & '  F2   ;N:"   ;  5       ;;;      I       ;;;      F?2   ;N?:"   ; zG?5       ;;;      zG?I       ;;;      F|?5^?2   ;N|?5^?:"   ; zG?5       ;;;      zG?I       ;;;      Fnض(?2   ;Nnض(?:"   ; zG?5       ;;;      zG?I       ;;;      FzذK?2   ;NzذK?:"   ; zG?5       ;;;      zG?I       ;;;      Fq"м?2   ;Nq"м?:"   ; zG?5       ;;;      zG?I       ;;;      F5'k?2   ;N5'k?:"   ; zG?5       ;;;      zG?I       ;;;       F TTW?2   ;N TTW?:"   ;   zG?5       ;;;       zG?I       ;;;       F >|?2   ;N >|?:"   ;   zG?5       ;;;       zG?I       ;;;        F 86?2   ;N 86?:"   ;    zG?5       ;;;       zG?I       ;;;        F C{?2   ;N C{?:"   ;    zG?5       ;;;       zG?I       ;;;        F _ľ3?2   ;N _ľ3?:"   ;    zG?5       ;;;       zG?I       ;;;       F<%=۷?2   ;N<%=۷?:"   ;  zG?5       ;;;      zG?I       ;;;       F ??2   ;N ??:"   ;  zG?5       ;;;      zG?I       ;;;      F ]?2   ;N ]?:"   ; zG?5       ;;;      zG?I       ;;;      F:t\?2   ;N:t\?:"   ; zG?5       ;;;      zG?I       ;;;      Fo %?2   ;No %?:"   ; zG?5       ;;;      zG?I       ;;;      FSM?2   ;NSM?:"   ; zG?5       ;;;      zG?I       ;;;      F=K (?2   ;N=K (?:"   ; zG?5       ;;;      zG?I       ;;;      F-\?2   ;N-\?:"   ; zG?5       ;;;      zG?I       ;;;      F}q?2   ;N}q?:"   ; zG?5       ;;;      zG?I       ;;;      FcJC?2   ;NcJC?:"   ; 5       ;;;      I       ;;;      F(R1?2   ;N(R1?:"   ; 5       ;;;      I       ;;;      F. ?2   ;N. ?:"   ; 5       ;;;      I       ;;;      FOG\ C?2   ;NOG\ C?:"   ; 5       ;;;      I       ;;;      F cVJ?2   ;N cVJ?:"   ; 5       ;;;      I       ;;;      FMǥ:?2   ;NMǥ:?:"   ; 5       ;;;      I       ;;;      F];?ේ?2   ;N];?ේ?:"   ; 5       ;;;      I       ;;;      FıEn?2   ;NıEn?:"   ; 5       ;;;      I       ;;;      F.%I?2   ;N.%I?:"   ; 5       ;;;      I       ;;;       F Jl)?2   ;N Jl)?:"   ;   5       ;;;       I       ;;;      !F!ݠV?2   ;N!ݠV?:"   ; !!5       ;;;      !I       ;;;      " F"|!?2   ;N"|!?:"   ; " "5       ;;;      "I       ;;;      #!F#{?2   ;N#{?:"   ; #!#5       ;;;      #I       ;;;      $"F$VM?2   ;N$VM?:"   ; $"$5       ;;;      $I       ;;;      %#F%!{?2   ;N%!{?:"   ; %#%5       ;;;      %I       ;;;      & ' ( ) * + , - . / 0 1 2 3 4 5 6 7 8 9 : ; < = > ? @ A B C D E F G H I J K L M N O P Q R S T U V W X Y Z [ \ ] ^ _ ` a b c d e f g h i j k l m n o p q r s t u v w x y z { | } ~                                                                                                                                 Federal Incentives$u<7~7%%% %974`>Federal Tax Credits, Buy-Downs, or Production Payments) Federal Tax Credit TypeCommercialResidential+!Federal Buy-Down (Subsidy) Payment  Type Commercial Residential"Federal Production Payment Type TermCommercialResidentialTax Credits333333?s333333? Payment  '$/kW     i Years   Cap  $eA   Cap   kW eA  jdi Payment i $/kWh p c {Gz?c {Gz?   State or Provincial Incentives$u<7~7˖JState or Provincial Tax Credits, Buy-Downs, or Production Payments&) State or Provincial Tax Credit TypeCommercialResidential6!State or Provincial Buy-Down (Subsidy) Payment  Type Commercial Residential.State or Provincial Production Payment Type TermCommercialResidentialTax Credits333333?s333333? Payment  '$/kW     i Years   Cap  kWeA   Cap   kW  jd  jdi Payment i $/kWh p b b  Debt Repayment$u<7~7%a(7                        ! " # $ % &E2                                ! " # $ % & ' ( ) * + , - . / 0 1 2  )Debt Repayment Debt Term Interest on Debt Beginning Balance Principal Payment Closing Balance Payment Interest Payment 3A $@ U Q?   Year                 E3AH MA34;P MA3<;" M2AP  HA MK翠?A-;I MK翠?A5;I M@5;Q M@=;   M2AH Mͤ34;P Mͤ3<;" M%0AP  HA MK翠?A-;I MK翠?A5;I MJ@5;Q MJ@=;   M%0AH MBBB34;P MBBB3<;" MR"-AP  HA MK翠?A-;I MK翠?A5;I MT=@5;Q MT=@=;   MR"-AH M>4;P M><;" M2z*AP  HA MK翠?A-;I MK翠?A5;I M@5;Q M@=;   M2z*AH M۽vť4;P M۽vť<;" Mv9;&AP  HA MK翠?A-;I MK翠?A5;I M惕۰@5;Q M惕۰@=;   Mv9;&AH MӒ*4;P MӒ*<;" Mu"AP  HA MK翠?A-;I MK翠?A5;I Mo-J@5;Q Mo-J@=;   Mu"AH ME-4;P ME-<;" M:7 0AP  HA MK翠?A-;I MK翠?A5;I M؅JW@5;Q M؅JW@=;   M:7 0AH Mz(4;P Mz(<;" M^lAP  HA MK翠?A-;I MK翠?A5;I MB3X@5;Q MB3X@=;    M^lAH Mo,Rn4;P Mo,Rn<;" MAP  HA MK翠?A-;I MK翠?A5;I MJ;@5;Q MJ;@=;    MAH M4;P M<;" MP  HA MK翠?A-;I MK翠?A5;I M9I@5;Q M9I@=;      MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;    MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;    MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=;   MH M4;P M<;" MP  HA M-;I M5;I M5;Q M=; ! ! MH! M4;P! M<;"! MP ! HA! M-;I! M5;I! M5;Q! M=; "  " MH" M4;P" M<;"" MP " HA" M-;I" M5;I" M5;Q" M=; # !# MH# M4;P# M<;"# MP # HA# M-;I# M5;I# M5;Q# M=; $ "$ MH$ M4;P$ M<;"$ MP $ HA$ M-;I$ M5;I$ M5;Q$ M=; % #% MH% M4;P% M<;"% MP % HA% M-;I% M5;I% M5;Q% M=; & Total"& MH}Di]AP"& M3P"& MH}DiXAP & H"& M;AP"& M; AP ' H ' H ' H ' H ' H ' H ( H ( H ( H ( H ( H ( H ) H ) H ) H ) H ) H ) H * H * H * H * H * H * H + H + H + H + H + H + H , H , H , H , H , H , H - H - H - H - H - H - H . H . H . H . H . H . H / H / H / H / H / H / H 0 H 0 H 0 H 0 H 0 H 0 H 1 H 1 H 1 H 1 H 1 H 1 H 2 H 2 H 2 H 2 H 2 H 2 H  Yield Examples$u<7~7%UU =22??      !"#$P@//http://rredc.nrel.gov/solar/codes_algs/PVWATTS/FF,.F//F00F11F222 Solar Radiation & Yields on Tilted Surface         Germany  Hamburg  Kassel  Nuernburg  Stuttgart   Canada Toronto, ON 'Toronto, ON/Sanyo Toronto, ON  Wiarton, ON  Ottawa, ON  Ottawa, ON     FranceH> 44 Arial  Nice, France     Italy  Rome     Spain  Madrid     USA  Bakersfield, CA  Bakersfield, CA  Sacramento, CA  Average, CA Salem, OR ! Bend, OR " Average, OR # Albany, NY $ New York, NY % New York, NY & Madison, WI ' Milwaulkee, WI ( Milwaulkee, WI ) Eau Claire, WI * Minneapolis, MNg , Source: RETScreen Solar Resource and System Load Calculation - Photovoltaic Project  -  . 7 / 'http://rredc.nrel.gov/solar/codes_algs/PVWATTS/j 0 Average generation from solar in California in 2005 ~1,500 kWh/kW is ~203 GWh. CEC-300-2006-009-F. 1 Average generation from solar in California is 1,150 kWh/kW, Measured Performance of California Buydown Program, Residential PV Systems, Regional Economic Research.Hx 1nn-tdN 2 Average generation for Oregon ~1,168 kWh/kW. ODOE, Christopher Dymond.  =      kWh/m2/yHF << Arial     V   L               " 433336@HzG@m    6   "  ̱@RQ@m                           "  @HzG@m          ! 6  "  #   $  %  &  ' " ( ՙ@Q@m   ) " * gffff@(\@m   ,  -  .  /  0  1  2(     1 mono-Si  kWh/kW/y  8  :   :   :   : A  8  8  :   :   : ;  : A  :   :   8  8  :   8  8  : x  8  8  :   8  8  : e  :   : ?  :   :   !: 0  ":   #: &  $: I  %:   &: _  ': F  (:   ): W  *:   ,  -  .  /  0  1  2(     A ^poly-Si  ^kWh/kW/y    p  p  p  p  p  p  J A  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  p  !p  "p  #p  $p  %p  &p  'p  (p  )p  *p  ,  -  .  /  0  1  2(  =  >  ?      Source  P  X   RetScreen  RetScreen  RetScreen  RetScreen    RetScreen 'RetScreen  NREL  RetScreen  RetScreen   NREL       RetScreen       RetScreen       RetScreen       RetScreen   NREL  RetScreen  RetScreen RetScreen ! RetScreen " RetScreen # RetScreen $ RetScreen  % NREL & RetScreen ' RetScreen  ( NREL ) RetScreen  * NREL  ,  -  .  /  0  1  2(  =  >  ?                                                         !  "  #  $    Annual Costs Examples$u<7~7r(2.22F* Annual Reoccurring (Running) CostsH> 44" Arial% Fesa B31 Reoccurring Expenses Installed Cost Reoccurring Expenses   / Regionsonne Breisgau Buergerbeteiligung Installed Cost Reoccurring Expenses   4 Stuttgart School Roof Top Buergerbeteiligung "Installed Cost #Reoccurring Expenses  $  0Average 1Total Installed Cost 2Total Expenses  ! Deductible start-up costs Management Tax advice Land lease System monitoring Maintenance and repair Provision for removal Insurance Subtotal of expenses! Deductible start-up costs Management Tax advice Land lease System monitoring Maintenance and repair Provision for removal Insurance Subtotal of expenses! $Deductible start-up costs %Management &Tax advice 'Land lease (Roof reconstruction )System monitoring *Maintenance and repair +Provision for removal ,Insurance -Partner commission .Subtotal of expenses      9Year 2  `<=A       #          )  e" @P       Year 1  CA       s2         $      " h@P       !Year 1 "03A  #  $ %@ &@  '  (  ) *@  +@ ,>@ -@" .@@P  /  0, 1t9VA  , 20@     % of Installed Cost$ U !l? $ U :z&HI? $ U &H01? $ U ͔OyY? $ U %lqA? $ U \%6B? $ U Vqjg? $ U $󔎄?  % of Installed Cost$ U  $ U fXt? $ U  $ U  $ U  $ U /Fm? $ U ǺF? $ U x_r:Uf? $ U  (?  #% of Installed Cost$ $U  $ %U U݌kc? $ &U _HC? $ 'U  $ (U  $ )U  $ *U NYa? $ +U %2? $ ,U :\T? $ -U ?? $ .U EPQ|? $ 2U y,? 1 OXdd           $Group14?Group1 8* /M ? ms Oh+'0 `lx C\ Paul GipeL~p Paul Gipet585@ W@?cQuattro Pro for Windows 7ms ms