Who is Barnes Solar? Local, family-owned solar company in Lake - PowerPoint PPT Presentation

Who is Barnes Solar? • Local, family-owned solar company in Lake Forest • 24 full-time employees in both residential & commercial • In business for 11 years, founded in 2009 • Focus on quality workmanship & excellent customer service

Energy Storage Systems (ESS) ESS provide two benefits: 1. Backup Power during a utility outage for 3-4 small circuits (15-20 Amps ea.) 2. Energy Arbitrage to strategically use solar power in conjunction with Time-Of-Use rates ESS can be combined with a new solar installation or can be retrofitted to an existing solar system.

Energy Storage Systems (ESS) Self-Generation Incentive Program • California rebate program with funding allocated to each large utility (SCE, SDG&E, etc.) • Currently on Step 5 of the incentive schedule, which provides $0.25 per Watt-hour of battery storage capacity • Translates into approximately $2,000 for a 10 KiloWatt-Hour battery system $ 10,800 Installed Cost • Funding is allocated on a first-come, first-serve basis – $ 3,240 30% Federal ITC – $ 2,000 SGIP Rebate (approx.) $ 5,560 Net Cost

COVID-19 Precautions • All sales & customer interactions handled remotely • All installers provided with PPE and trucks equipped with sanitation stations • Field employees undergo health screening before and after visiting each job site • Detailed info sheet provided with each proposal

Equipment – Solar Panels (Modules) Value Panel Efficiency Panel #1 Efficiency Panel #2 Hanwha Q-Cells 325 Watt Panasonic 340 Watt LG 345 Watt (Q.PEAK DUO-G5 325) (VBHN340SA-17) (LG345N1C-V5) 25 Year Performance 25 Year Performance Warranty 25 Year Performance Warranty & Labor Warranty 0.54% Degradation Rate 0.26% Degradation Rate 0.33% Degradation Rate

Equipment – Inverter Technology SolarEdge Enphase Power Optimizer connected to each PV Module Micro-Inverter connected to each PV Module Central Inverter that aggregates all Power Optimizers Central Combiner Box that aggregates all Micro-Inverters 12 Year Warranty on Inverter (extendable to 25 Year) 25 Year Warranty on Microinverters 25 Year Warranty on Power Optimizers

Pricing System Size 2.5 – 3.0 kW 3.0 – 6.0 kW > 6.0 kW Value Panel $ 2.80 /Watt $ 2.58 /Watt $ 2.48 /Watt Hanwha Q-Cell 325 Watt ( < $8,000) ( $8,000 - $15,000 ) ( $15,000 + ) Efficiency Panel $ 3.10 /Watt $ 2.90 /Watt $ 2.80 /Watt Panasonic 340 Watt - or - ( < $8,000 ) ( $8,000 - $15,000 ) ( $15,000 + ) LG 345 Watt Any panel option above can be used with SolarEdge or Enphase inverter technology Main Panel Upgrade $ 1,800 GMA or Sub Panel $ 500 Electric Vehicle Outlet $ 400 Battery Storage System $ 10,800 Roof Work Varies

Warranties • Solar Panels: 25 Year Output & Materials Warranty* *Hanwha Q-Cells 325W: 12 Year Material Warranty & 25 Year Output Warranty • Inverters: 25 Year Product Warranty for Micro-Inverters and Power Optimizers** **SolarEdge Inverter: 12 Year Standard Warranty, extendable to 25 Years (approx. $300) • Installation: 25 Year Defect & Service Warranty

Financing Lender Term 12 Year 20 Year Interest Rate 2.99 % 3.99 % Origination Fees $1,000 + 6% of Loan 17.0 % UCC-1 Filing Yes No Prepayment Penalties No No Min. Qualification Requirements > 650 FICO, < 55% DTI > 680 FICO, < 55% DTI

Next Steps To request a quote, please provide the following: • Contact Info & Address • A copy of a recent electricity bill (or tally of annual usage) • Desired equipment & financing (if required)

Sample Proposal Prepared For: Sample Customer Solar System Information Why Go Solar? Electricity prices in California have $0.50 Electricity ( $ per KWH ) consistently increased at a rate of 3-7% Levelized Price of $0.40 annually, and are projected to follow that $0.30 trend for years going forward. Given your $0.20 annual electricity usage of 11,534 $0.10 Kilowatt-Hours with SCE, we estimate save $1,906 a year with solar. $0.00 1 5 9 13 17 21 YR Without Solar With Solar Why Go Barnes Solar? Barnes Solar is a locally-owned and financially-responsible solar company that has been around for 10 years and counting. Our focus is on quality workmanship, timely customer communication and affordable pricing. In choosing a solar contractor, it’s important to consider company reputation, equipment provided, warranty coverage and (of course) price. How much does it Cost and what are my Payment Options? The turnkey total system cost is $20,944, which covers the design, permitting, HOA approval (if required), equipment, installation and project management. The total system cost is eligible for the 26% Federal Tax Credit. See page 3 for a detailed breakdown of cash flows. $20,944 $138/month $116/month BUY DIRECT 12 YR FINANCING 20 YR FINANCING ($15,499 Net after Tax Credit) (2.99% APR) (3.99% APR) What Equipment is included and what are the Warranties? Preliminary Site Layout (Layout to be confirmed upon site survey after contracting) 7.480 kW Solar Panels: (22) Panasonic 340 Watt (VBHN-340SA17) System Size (STC-DC) Solar System Offset 25 Year Manufacturer Warranty 1,600 kWh 11,996 kWh Inverter Tech: SolarEdge Inverter w/ Power Optimizers 1,400 kWh Estimated Year 1 Production 25 Year Manufacturer Warranty 1,200 kWh Installation: 25 Year Service Warranty 1,000 kWh 104% 800 kWh What are the Next Steps? 600 kWh Once ready to go, sign and return this agreement (see page 4). We will schedule a site survey 400 kWh to confirm the information in this proposal and complete any financing agreements if required. 200 kWh Estimated Annual Solar System 0 kWh Prepared By: Jake Cosmo Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Offset based on pre-solar P: E: Jake@BarnesSolar.com CSLB # 943909 Output Usage (949) 444-1577 consumption of 11,534 kWh.