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SOLAR vs. PG&E. OVERVIEW OF TOPICS Last 15 years of PG&E rates. Solar/PG&E rates. PPA: P ros and Cons. B enefits of going Solar/Rebates Shade structures & locations. Questions and answers. PPA: Pros and Cons. Key Elements Customer pays only for electricity that is generated
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SOLAR vs. PG&E OVERVIEW OF TOPICS • Last 15 years of PG&E rates. • Solar/PG&E rates. • PPA: Pros and Cons. • Benefits of going Solar/Rebates • Shade structures & locations. • Questions and answers
PPA: Pros and Cons Key Elements • Customer pays only for electricity that is generated • Fixed pricing with escalator rate over term of PPA • Third party owns assets and retains title to equipment • Agreement with customer will typically range from 20 to 25 years. (PLESD would only be 20 yrs.) Benefits • No upfront costs, no capital outlay required by customer • No long term Operations and Maintenance costs and responsibilities covered by system owner • Opportunity to structure an early buy-out option Disadvantages • Commitment to long-term contract
2009/2010 ELECTRIC BILL • Winter Usage- kwh/479,587 $ 71,938 • Summer Usage- kwh/573,899 $ 114,779 • Total 2009/2010 $ 186,717 With solar • Solar – 80 % produced = 96.6 % $ 168,557 • We still own PG&E = 3.4 % about $ 7,163 • Savings the first year $ 10,997
BENEFITS OF GOING SOLAR • Knowing our rates for the next 20 years. • Approximately $40,000 dollars in rebates every year for the next 5 years from PG&E. Total of $200,000. • Shade structures at all sites at no additional cost. • Kwh credit – 1 kw produced we get 1.2 kw credit. • If PG&E rates continues their 5% avg. increase. • After 20 Years the payment to Conergy is eliminated and now PG&E is reduced by 85%. • Total Estimated net savings over 30 year expected life is over $6.5 Million!
Conclusion! • $2,400,000 project (No Cost) • 20 year warranty (No Cost) • Shade structures (No Cost) • How many school districts can claim their schools generate 95% of their own energy • Everything is still negotiable at this time. • The money that is currently going to PG&E could be invested into our own school district. • 85% off the grid in 20 years. • Helping to save the environment 1 school district at a time! • The bottom line is the money we are paying PG&E is going to what?
Recommendations • I am recommending we move forward with this contract on the next board meeting. • This is just an update, I am not asking for any votes. • Please e-mail me or call me if you have any other questions or info needed before next board meeting.