Welcome To Meet Our Installer Event

Agenda Welcome! Belmont Goes Solar Program Installer Selection How Solar Works Designing Your System Financial Benefits Program Details How to Sign Up

Who is Belmont Goes Solar? Group of environmentally conscious citizens that support solar in Belmont: Supported by the Belmont Board of Selectmen Belmont Energy Committee Mothers Out Front Sustainable Belmont Belmont Light BGS is not an agency, board, or committee of the Town of Belmont.

GOALS Increase education through outreach Introduce model to simplify process Reduce time to contract Reduce installation costs Increase adoption Drive down the cost stack Installation Sales Soft Costs Equipment Costs State Average Installation Soft Costs Equipment Costs BGS

Installer Selection Process & Criteria Price Customer service Ability to serve our communities Experience & reputation Quality of equipment & package Financing options

THANK YOU, BELMONT!!!

Who is Direct Energy Solar? Prior to April 1, 2015, was Astrum Solar Started small in MD Make it easy for our customers Objectivity and facts Work with Direct Energy employees Built on word of mouth Community programs our specialty Local employ over 200 MA residents Direct Energy Simple, Friendly, Direct

AGENDA How Solar Works Designing Your System Financial Benefits Q & A

How Solar Works Solar panels capture sunlight and create DC current. An Inverter converts that energy to AC current, the electricity you use in your home.

Belmont s Solar Credit Policy You use your system s electricity and save 18.45 cents/kilowatthour. Your excess energy is sent back to the grid. Belmont Light gives you credit on your bill for the energy you ve sent at 11 cents/kilowatthour.

Belmont s Solar Credit Policy On average, your system will send 40% of its power to your house for use and 60% to the electric grid. To give you a conservative estimate in this situation, we use 13 cents/kwh in your proposal.

AGENDA How Solar Works Designing Your System Financial Benefits Q & A

Your Pre-Sale Team Qualifications Team Survey Solar Consultation - Prequalification - Survey - Panel Design Review - Schedule Sales Visit - System Design - Financial Proposal

Homes Best for Solar Lots of Sunshine NORTH WEST EAST SOUTH Open Roof Structure Little Shade

Satellite Surveys What we look for: Dimensions Obstructions Shading Sun Exposure

Custom Design Analysis

AGENDA How Solar Works Designing Your System Financial Benefits Q & A

A Complete Package One Low Rate for Everyone: $3.30/watt Every solar package includes: High-quality solar panels; 25-year production warranty Enphase microinverters; 25-year warranty 120-day installation guarantee Online performance monitoring 10-year power production guarantee 10-year workmanship warranty 5 years of free SREC management Customer care for as long as you need it First 20 to Enroll Receive an Extra $500 Cash Back for Leading the Way

Adders & Enhancements Customer-Chosen Enhancements (examples) All-black, higher-wattage panels Enhanced system production guarantee Extended warranties Site-Specific Adders (examples) Flat roof installation Ground-mount system Rafter reinforcement Critter and snow guards *Every system is unique; design and cost depends on your site and preferences

Financial Benefits of Solar Federal Tax Credit (not a deduction) 30% of gross system price, uncapped State Tax Credit 15% of system cost, capped at $1,000 State Solar Renewable Energy Certificate (SREC) Program Income annually for 10 years based on the total power produced by the system Credit for Solar Electricity Provided to Belmont Light Credit for electricity sent to the grid at Belmont Light s rate of 11 cents per kilowatthour (kwh) No Increase in Property Tax; No Sales Tax

Basic SREC Information State incentive program runs 10 years 1 SREC earned for each 1,000 kwh of system production regardless of electricity use Expected SREC price range is $180 - $285; price will fluctuate due to supply and demand SRECs take time to be minted by the State (first check can take a year or so; generally comes in April to August timeframe) SREC aggregators handle SREC bundling and sales Direct Energy Solar offers free SREC aggregation for 5 years

Financing Options Upfront Cost Purchase No Monthly Payments Tax Credits & SRECs Go To Owner Most savings Finance No Upfront Cost Monthly Payments Tax Credits & SRECs Go To Owner Substantial savings Also, a 0% interest bridge loan for the amount of tax credits

Pricing Example PURCHASE Belmont Goes Solar Price (6 kw system at $3.30/watt plus one additional roof) $19,800 30% Federal Tax Credit ($6,000) 15% MA Tax Credit ($1,000) Net System Cost ($13,000) Annual Electricity Savings (6,600 kwhs @13 cents) $858 SREC payment Year 1 (@$285) $1,710 Payback Period 6 years

Environmental Benefits 5kW System Source: http://www.directenergysolar.co m/the-basics/environmentalbenefits/

System Installation Customer Experience All managed by your Project Lead Paperwork and Permitting Installation and Inspection Interconnection, Net Metering and Monitoring

Why Go Solar NOW? Limited-time low group pricing (April 30) High utility rates New solar credit policy in effect Generous incentives Financial benefits Environmental impact Control

AGENDA How Solar Works Designing Your System Financial Benefits Q & A

Q&A (see also BelmontGoesSolar.org) Belmont Goes Solar ends April 30 contracts must be signed by that date to take advantage of low community pricing. First 20 to sign receive a $500 discount. If 20 sign by January 30, the next 10 will also receive a $500 discount. 14 have already signed! Request a Free No-Obligation Consultation Online: BelmontGoesSolar.org or Call: 800-903-6130