Spring Olympic Energy Systems, Inc. P.O. Box 156 Huron, OH (360) Solar Age Participant

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1 Spring 2017 Olympic Energy Systems, Inc. P.O. Box 156 Huron, OH (360) TO: Solar Age Participant Thank you for taking the time to review our introduction to solar energy. Our country s incipient electrification of its transportation system, with Electric and Plug In Hybrid Electric Vehicles and push for energy independence, and the world s expansion of electric power to suburban and rural areas as the US did in the 1930 s, make now a good time to have a conversation about energy. Since 2001 Olympic Energy Systems, Inc.(OES) has developed a wide array of Renewable Energy systems Solar Electric, Solar Thermal, and Hydropower. OES helps people and companies embark on the journey of Going Solar, and we have a grasp of project development in Washington State and Ohio. The Solar Age is here. Solar works anywhere. Solar incentives, policies, and programs vary by state. OES embraces basic principles of True Sustainability, Local Economy, and Independence to assure that individuals and communities reap the benefits of solar energy, both economically and environmentally. We are an energy educational support system and a hedge against rising energy costs and utility rates. Please have a look at the included handouts and our websites, and Understand that we are wrapping up an 8-year R&D effort in design, development, and production in Ohio of the Tensioned Cable Systems (TCS) for mounting solar panels. The TCS and CSP programs highlighted in the attached material were born out of decades experience in the aerospace and energy industries. TCS is simply an option to consider, as time will reveal its value. I am hereby offering an Initial Consultation to discuss opportunities and our mutual interests in a satisfying, sustainable prosperity coinciding with the Solar Age. Feel free to call or anytime. Sincerely, Jonathan A. Clemens, President Attachment Introduction to Solar Energy Summary of Firsts by OES TCS Demonstration Program Consolidated Solar Program

2 Points to Ponder An Introduction to Solar Energy Our electricity is generated mostly from coal and natural gas, with nuclear and hydropower providing about 1/3 (meeting much of the 24/7 base load demand). The US DOE has a long standing goal of meeting 30% of electricity from solar by 2050, while we supply about 1 to 2% from solar now. Through the 30% Federal Tax Credit (available to taxpayers and/or investor-owners) and the low price of solar photovoltaic (PV) panels, solar electric system ownership is showing positive returns, while ensuring a firm hedge against rising energy costs. The mainstream emergence of Electric Vehicles (averaging 100 mpg equivalent, or ~33 KWh s), including All Electric and Plug-In Hybrids, presents a growing demand for electricity at the same time existing demand is driving the shift to renewable and cleaner sources of power. New demand for electricity will be met by ongoing wind and solar power, but mostly by natural gas plants, on account of simple economics it s cheaper. If Climate Change becomes a driving force for change in electricity production, nuclear power (possibly in the 4 th Generation designs that consume the waste produced in our current 1 st generation plants) may see growth. Solar is the only path open to all to participate in the ownership and production of solar electricity, saving money and slowing climate change through reducing greenhouse gas emissions. Ohio is embracing large Utility-Scale Solar (10 to 100 acre plants) much owned by out of state firms. This mirrors the old centralized power model of our 100+ year old electric industry. OES is embracing Small Scale Solar (1/10 to ¼ acre plants) owned locally, where benefits accrue. This reflects the new Distributed Generation (DG) model decentralized and democratic. o Provides the Best Economic Returns to local owners o Preserves the Viewscape small arrays do not steal the scene o Retains the Reusability of the Land mainly for farming Solar for the home, business, or farm is state of the art and there are solar contractors who can provide systems solar panels, mounts, grid-tie inverter, and KWh meters that achieve positive economic returns for the owner via Net Metering and current 30% Federal Tax Credit. Net Metering is established between the user/owner and the utility, providing retail credit for any Solar KWh s produced and not concurrently used. Net Metering is the key to solar success. The OES Consolidated Solar Program (CSP) will encourage oversizing the system to provide Solar KWh s for use by the emerging EV drivers, thus, providing a Revenue Stream (being paid the Avoided Cost by utilities and the Solar Production Incentive (SPI in the CSP) by OES). Typically, system owners (CSP Producers ) have Paybacks of 10 years or less thus, receiving free electricity for 10 to 15 years or more. Typically, systems are 8 to 25 KW installed at $3 to $2.50 per watt or less and return about $5 to $6 per watt or more in 20 years or less. Every non-wetland acre in Erie County Ohio would have to be covered by solar panels to generate 30% of Ohio s electricity. So, there are serious land implications from going solar!

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8 Community Solar Conventional Model Our Solar Program Consolidated Solar Program (CSP) Members (utility customers, members of Co-Ops, etc.) own a solar electric system in proportion and receive a certain return Members (of rural electric Co-Ops in Ohio) own a proportion of the output of a solar electric system and receive a certain return A diverse group of Participants who separately own (or buy output from) solar electric systems, linking Producers with Electric Vehicle owners in an open fashion with no special contracts. Larger Scale Members own System (in proportion) RETURNS: Small Profit potential ENERGY SECURITY RETURNS from: Credits on the Members utility bills, reflecting the solar production (output) Compares to Net Metering Savings from future price hikes i.e., Energy Security Medium to Larger Scale Foreign-owned System Members own OUTPUT of the System (in proportion) RETURNS: ENERGY SECURITY RETURNS from: Credits on the Members utility bills, reflecting the solar production (output) Compares to Net Metering Savings from future price hikes i.e., Energy Security Smaller Scale Local Ownership Diverse Participants Multiple RETURNS: Significant PROFIT ENERGY SECURITY BONUS (Preserves Communities with respect to Viewscape and Land Usability) Producer (System Owner) RETURNS from: Net Metering re Retail Federal Tax Credit 30% USDA Rural Development Grant 25% Excess KWh s re Wholesale (avoided cost) Solar Production Incentive (SPI) Savings from future price hikes i.e., Energy Security Provider (EV Charging System Owner) RETURNS from: Sale of Solar KWh s at a Premium Price; draw business customers Card Holder ( Pre-purchaser / Saver ) RETURNS from: Discounted Prices and/or escalated Redemption Value Benefits the Community: IN THE FUTURE Benefits the Community: NOW (and in the future) PAYBACK: Up to Service Life (only if utility rates go UP) PAYBACK: About 16 Years (depends on rates going UP) PAYBACK: 10 years or less