For the highest caliber solar system choose Rosendin Electric s exceptional collaborative team Our unique team brings you the strongest design recommendations, installation expertise and financial advice available to create an aesthetically-pleasing, energy efficient and cost-saving solar system specific to your needs. Rosedin Electric was founded in 1919 and 100% employee owned, Rosendin Electric has more than 1500 employees and a five-year revenue average of nearly $300 million. Headquartered in San Jose, CA, with offices in California, Arizona, New Mexico, Nevada and Oregon, Rosendin remains on the cutting edge of electrical technology. Projects ranging from $1,000 to $50 million include Pavex Construction/San Francisco International Airport, City of San Jose Civic Center/ City Hall, Ikea, Phoenix Convention Center, Sheraton, Fillmore Heritage Condos, Bergamo Condos and 500 megawatts of alternative energy installations enough to power 525,000 homes. The company attributes its success to building strategic partnerships with customers and by treating them the way we want to be treated. Rosendin ensures complete customer satisfaction. Integrated Power s architecturally-trained designers and licensed engineers design renewable energy systems for commercial and new construction projects in California, Arizona, Colorado and Hawaii. Grounded in asset management, ipower matches its core design and financial expertise with our installation expertise and cutting-edge products to create unmatched solar systems for its customers. Best-in-class Service *Detailed site and financial analysis *Custom Engineering *Professional installation *Highly-aesthetic BIPV solar options *Financing options *Real-time monitoring *10 Year Warranty *Performance Guarantees Benefits to your Bottom Line *Lower energy bills *Hedge energy cost inflation *Increase property value *Property tax exempt *Higher resale value *Offsets emission penalties Within this package we have included the following items for your reference: Project Cost Breakdown System Design Financial Breakdown Product Specifications 3/27/2009 1701 Page 1 of 7
March 27, 2009 Granada Hills Office Complex Project Cost Breakdown 10605 Balboa Blvd Granada Hills, CA 91344 122.2kW Solar System Package* $885,950 Price Per Watt (DC) $7.25 Price Per Watt (AC) $8.53 *Packages include the following: Canadian Solar 200 Watt Modules PV Powered 100kW Inverter PMRS Monitoring Solution Design & Engineering UniRac RapidRac G10 Monitoring Kiosk System Installation Permit Rebate & Interconnection Administration Full 10 Year System Warranty Sales Tax (9.250%) Freight Estimated LADWP Incentive (Step 2) 1 ($320,120) Estimated Federal Tax Credit (Grant) 2 ($265,785) Net Project Cost (Less Incentives) $300,045 Summary: Net Present Value: $320,428 Internal Rate of Return: 19.2% Simple Payback: 10 Years Simple Payback (w/ loan tax savings): 5 Years Environmental Savings: 4,139,750 kwh saved over life of system, which is equivalent to: Removing 545 cars from the road or planting 76,231 trees Electrical Bill Utility: Current Rate: Proposed Rate: Los Angeles Department of Water and Power Primary Service - Standard Net Metered Primary Service - TOU Electrical Bill Summary Before After Purchase Purchase Savings Total $128,007 $100,938 $27,069 1. Estimated LADWP rebate at $0.10/kWh 2. Consult with tax advisor *Bid Valid For 30 Days* 3/27/2009 1701 Page 2 of 7
March 27, 2009 Granada Hills Office Complex 54.6kW Roof Mount Non-penetrating RapidRac Roof Mount System Orientation: South at 10 Degree Tilt 67.6kW Canopies 52kW Canopy Orientation: South at 5 Degree Tilt 15.6kW Canopy Orientation: South at 20 Degree Tilt System Design *Bid Valid For 30 Days* 3/27/2009 1701 Page 3 of 7
March 27, 2009 Granada Hills Office Complex Financial Breakdown Basis and Tax Rates Special Special Federal MARCRS State Basis $376,529 $376,529 $620,165 Effective Tax Rate 34% 34% 5.83% Assumptions Electrical Bill ($/year) $128,007 Annual Escalation Rate (%) 6 PV System Rating (kw DC) 122.2 PV System Rating (kw AC/PTC) 103.8 PV Output Adjustment (%) (10) PV System Cost ($/kw) $7,250.00 Payment Method Secure Loan Loan Rate 7.0 Loan Life (Years) 25 Tax Filing Status Corporation Taxable Income ($/year) $1,000,000 Loan Discount Rate (%) 7.00 Federal Tax Rate (%) 34.0 State Tax Rate (%) 8.8 3/27/2009 1701 Page 4 of 7
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PVP75kW and PVP100kW The new industry standard for reliability and ease of installation The PV Powered 75kW and 100kW inverters set the industry standard for high reliability, ease of installation and lifetime maintainability. Their 20-plus year design-life is enabled by an array of new market-leading reliability features including bus bars for all power connections, a sealed electronics module and an instrumented cooling system. The highly-integrated system was designed to save commercial installers time and money with load-rated AC & DC service disconnects, certification for installation without a neutral conductor, cable landing points sized for maximum NEC-compliant cables and a well-planned cable bending radius for top, bottom and side cable entry options. Performance Monitoring PV Powered commercial inverters offer best-in-class 96% efficiency* and a voltage window of 295-600VDC. This is the widest operating range with the lowest standard MPPT voltage of any three-phase inverter in the industry. This provides exceptional stringing capability with all PV modules currently available including new thin film modules. Serviceability is enhanced by a modular design that divides the inverter into easy-to-maintain subsystems. PV Powered backs all their inverters with an industry-leading 10-year nationwide warranty and an unprecedented optional 20-year warranty, plus the best service and support team in the business. FEATURES Performance monitoring solutions are available on all PV Powered inverters and include low cost, secure web-based access to PV system status and performance history. Superior Reliability Exceptional Installability 150 SW Scalehouse Loop Bend OR 97702 1-541-312-3832 WWW.PVPOWERED.COM Easy to Maintain 3/27/2009 1701 Page 6 of 7 2008 PV Powered
RapidRac PV s Flat Roof Ballast Solution Roof Mounted Solution Unirac s Headquarters 2008, courtesy of Unirac Inc. Unirac s new improved RapidRac is the best commercial flat-roof solution for the PV Mounting industry. With minimal parts, reduced labor expenses and the versatility to accommodate a wide range of modules, RapidRac is one of the fastest, easiest and most cost-effective ballast solutions on the market today. Accompanied by a technical support system that provides complete installation and code compliance documentation, an on-line estimator and design assistance, Unirac continues to deliver engineered technology, designed with experienced customer input, to deliver industry-leading mounting solutions. Visit us online at www.unirac.com 3/27/2009 1701 Page 7 of 7