SLIDE 1
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
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 - - 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
SLIDE 2
SLIDE 3
Energy Storage Systems (ESS)
ESS provide two benefits: 1. Backup Power during a utility
- utage 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.
SLIDE 4
Energy Storage Systems (ESS)
Installed Cost
$ 10,800
30% Federal ITC
– $ 3,240
SGIP Rebate (approx.)
– $ 2,000
Net Cost
$ 5,560
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
- Funding is allocated on a first-come, first-serve
basis
SLIDE 5
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
SLIDE 6
Equipment – Solar Panels (Modules)
Value Panel Efficiency Panel #1 Efficiency Panel #2 Hanwha Q-Cells 325 Watt (Q.PEAK DUO-G5 325) Panasonic 340 Watt (VBHN340SA-17) LG 345 Watt (LG345N1C-V5) 25 Year Performance Warranty 25 Year Performance & Labor Warranty 25 Year Performance Warranty 0.54% Degradation Rate 0.26% Degradation Rate 0.33% Degradation Rate
SLIDE 7
Equipment – Inverter Technology
SolarEdge Enphase Power Optimizer connected to each PV Module Central Inverter that aggregates all Power Optimizers Micro-Inverter connected to each PV Module Central Combiner Box that aggregates all Micro-Inverters 12 Year Warranty on Inverter (extendable to 25 Year) 25 Year Warranty on Power Optimizers 25 Year Warranty on Microinverters
SLIDE 8
Pricing
System Size 2.5 – 3.0 kW 3.0 – 6.0 kW > 6.0 kW
Value Panel
Hanwha Q-Cell 325 Watt
$ 2.80 /Watt
( < $8,000)
$ 2.58 /Watt
( $8,000 - $15,000 )
$ 2.48 /Watt
( $15,000 + )
Efficiency Panel
Panasonic 340 Watt - or - LG 345 Watt
$ 3.10 /Watt
( < $8,000 )
$ 2.90 /Watt
( $8,000 - $15,000 )
$ 2.80 /Watt
( $15,000 + )
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
SLIDE 9
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
SLIDE 10
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
SLIDE 11
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)
SLIDE 12
Sample Proposal
Prepared For: Sample Customer
Why Go Solar? Why Go Barnes Solar? How much does it Cost and what are my Payment Options?
Solar Panels: 25 Year Manufacturer Warranty Inverter Tech: SolarEdge Inverter w/ Power Optimizers 25 Year Manufacturer Warranty Installation: 25 Year Service Warranty Prepared By: Jake Cosmo P:
(949) 444-1577
E: Jake@BarnesSolar.com
$20,944
Electricity prices in California have consistently increased at a rate of 3-7% annually, and are projected to follow that trend for years going forward. Given your annual electricity usage of 11,534 Kilowatt-Hours with SCE, we estimate save $1,906 a year with 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. 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.
$138/month $116/month
12 YR FINANCING 20 YR FINANCING Once ready to go, sign and return this agreement (see page 4). We will schedule a site survey to confirm the information in this proposal and complete any financing agreements if required. CSLB # 943909
What are the Next Steps?
($15,499 Net after Tax Credit)
BUY DIRECT
(3.99% APR) (2.99% APR)
7.480 kW What Equipment is included and what are the Warranties?
System Size (STC-DC)
11,996 kWh
Estimated Year 1 Production (22) Panasonic 340 Watt (VBHN-340SA17) $0.00 $0.10 $0.20 $0.30 $0.40 $0.50 1 5 9 13 17 21 Levelized Price of Electricity ( $ per KWH ) YR Without Solar With Solar
Solar System Information
Preliminary Site Layout (Layout to be confirmed upon site survey after contracting) Estimated Annual Solar System Offset based on pre-solar consumption of 11,534 kWh.
104%
0 kWh 200 kWh 400 kWh 600 kWh 800 kWh 1,000 kWh 1,200 kWh 1,400 kWh 1,600 kWh Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Output Usage
Solar System Offset
SLIDE 13
Sample Proposal
Project Economics and Estimated Annual Cash Flows
$0 $0 $0
- $20,944
- $20,944
- $20,944
($23,345) $0 ($25,234) $0 1
- $2,594
- $688
$1,906 $5,445 $7,351
- $13,593
- $2,331
- $425
- $1,393
$513 2
- $2,672
- $709
$1,963 $0 $1,963
- $11,629
- $1,993
- $30
- $1,393
$571 3
- $2,752
- $730
$2,022 $0 $2,022
- $9,607
- $1,656
$366
- $1,393
$629 4
- $2,835
- $752
$2,083 $0 $2,083
- $7,525
- $1,656
$427
- $1,393
$690 5
- $2,920
- $774
$2,145 $0 $2,145
- $5,379
- $1,656
$490
- $1,393
$753 6
- $3,007
- $798
$2,210 $0 $2,210
- $3,170
- $1,656
$554
- $1,393
$817 7
- $3,097
- $822
$2,276 $0 $2,276
- $894
- $1,656
$620
- $1,393
$883 8
- $3,190
- $846
$2,344 $0 $2,344 $1,450
- $1,656
$689
- $1,393
$952 9
- $3,286
- $872
$2,414 $0 $2,414 $3,865
- $1,656
$759
- $1,393
$1,022 10
- $3,385
- $898
$2,487 $0 $2,487 $6,352
- $1,656
$831
- $1,393
$1,094 11
- $3,486
- $925
$2,562 $0 $2,562 $8,913
- $1,656
$906
- $1,393
$1,169 12
- $3,591
- $952
$2,638 $0 $2,638 $11,551
- $1,656
$983
- $1,393
$1,246 13
- $3,698
- $981
$2,718 $0 $2,718 $14,269 $0 $2,718
- $1,393
$1,325 14
- $3,809
- $1,010
$2,799 $0 $2,799 $17,068 $0 $2,799
- $1,393
$1,406 15
- $3,924
- $1,041
$2,883 $0 $2,883 $19,951 $0 $2,883
- $1,393
$1,490 16
- $4,041
- $1,072
$2,969 $0 $2,969 $22,920 $0 $2,969
- $1,393
$1,577 17
- $4,163
- $1,104
$3,059 $0 $3,059 $25,979 $0 $3,059
- $1,393
$1,666 18
- $4,287
- $1,137
$3,150 $0 $3,150 $29,129 $0 $3,150
- $1,393
$1,758 19
- $4,416
- $1,171
$3,245 $0 $3,245 $32,374 $0 $3,245
- $1,393
$1,852 20
- $4,549
- $1,206
$3,342 $0 $3,342 $35,716 $0 $3,342
- $1,393
$1,950 21
- $4,685
- $1,243
$3,442 $0 $3,442 $39,159 $0 $3,442 $0 $3,442 22
- $4,826
- $1,280
$3,546 $0 $3,546 $42,705 $0 $3,546 $0 $3,546 23
- $4,970
- $1,318
$3,652 $0 $3,652 $46,357 $0 $3,652 $0 $3,652 24
- $5,119
- $1,358
$3,762 $0 $3,762 $50,118 $0 $3,762 $0 $3,762 25
- $5,273
- $1,399
$3,875 $0 $3,875 $53,993 $0 $3,875 $0 $3,875 ∑
- $94,575
- $25,084
$69,491
- $15,499
$53,993
- $20,880
$48,611
- $27,852
$41,639 SCE Price Escalation: 3.0 % Project Breakeven: 7 yrs Rate of Return: 14% Return on Investment 258%
BUY DIRECT
Annual Cash Flow Cumulative Cash Flow Year SCE Bill Before Solar SCE Bill After Solar Project Costs & Incentives SCE Bill Savings
10 YR LOAN 20 YR LOAN
Annual Cash Flow Annual Cash Flow Loan Payment Loan Payment SCE Bill Savings are estimates based
- n your current electricity rate and
solar system estimates. 12 / 20 YR Loan Payments assume that 26% Tax Credit is used to pay down loan balance by month
- 18. If Tax Credit is not applied, monthly payments
will increase accordingly. Value in ( ) in year 0 shows total financed amount, including origination fees from lender.
Installation Agreement
Office: 949-652-5445 Email: admin@BarnesSolar.com 23201 Orange Avenue, Lake Forest, CA 92630 CSLB # 943909 www.BarnesSolar.com NAME Sample Customer ADDRESS 1234 Street CITY Irvine ST ZIP PHONE 111-222-3333 EMAIL UTILITY SCE JOB SITE ADDRESS (if different than above)
- A. INSTALL PHOTOVOLTAIC SYSTEM AS SPECIFIED BELOW:
System Size (DC) SOLAR MODULE: Manufacturer Panasonic Model No. Qty. 22 INVERTER: Manufacturer SolarEdge Model No. Qty. 1 POWER OPTIMIZER: Manufacturer SolarEdge Model No. P400 Qty. 22 RACKING, STAND-OFFS, WIRING/CONDUIT, BALANCE OF SYSTEM COMPONENTS: Included Year Service Warranty from Barnes Solar Year Roof Workmanship Warranty from Barnes Solar SPECIAL NOTES: PRICE (includes city license, insurance and building permits) PURCHASE TYPE: Direct Purchase
2.5% SURCHARGE ON CREDIT CARD PURCHASES
Payments to be made according to the following schedule: MILESTONE 1: Due at Contract Signing MILESTONE 2: Due upon Job Start (material arrival at job site) MILESTONE 3: Due upon Final Inspection (approval of installation by AHJ) TOTAL SYSTEM COST ACCEPTANCE OF AGREEMENT - The specifications and conditions contained on this agreement are accepted: CUSTOMER SIGNATURE DATE BARNES SOLAR INC. DATE 9,972.00 $ CA
IT IS MUTUALLY AGREED THAT BARNES SOLAR WILL FURNISH THE NECESSARY LABOR, MATERIALS & EQUIPMENT TO PERFORM THE WORK DETAILED BELOW:
92697 7.48 KW 25 10 customer@gmail.com SE7600H-US VBHN-340SA17 7/6/20 The Host Customer may cancel this transaction at any time prior to midnight of the third business day after the date of this agreement by submitting a notice of cancellation to the address at the top of this agreement. By signing below the Host Customer agrees to the above contract and the separate Barnes Solar, Inc. terms and conditions which are attached hereto and incorporated herein by reference. 20,944.00 $
FINANCING AVAILABLE: Any financing provided will be executed in a separate agreement between the Customer and the Financier.
1,000.00 $ 9,972.00 $
SLIDE 14
Process Timeline
- WEEK 1: Contract signing, financing and site survey
- WEEK 2-6: Permitting with Irvine B&S and HOA approval
- WEEK 6-7: Installation and City of Irvine inspection
- WEEK 7-8: SCE approval and system activation
SLIDE 15