Salinas City Council
December 3, 2024

Year
Electricity
Produced
(kWh)
Avoided
Electric Rate
($/kWh)
Solar Electric
Savings
Solar O&M
Cost
Solar M&V
Cost
Net Solar
Project Savings
Investment Tax
Credit
Total Program
Savings
Estimated Loan
Payment
Net Program
Savings
Cumulative
Savings
A B C = A * B O M E = C - D F K = E+F+G+H+I+J L N = E+ L P 1 1,041,32 3 0.273 284,39 4$ 19,543$ 4,053$ 260,798$ -$ 260,798$ (253,474)$ 7,323$ 7,323$ 2 1,036,11 6 0.287 297,12 0$ 20,520$ 4,215$ 272,385$ 1,017,215$ 1,289,600$ (265,262)$ 1,024,338$ 1,031,662$ 3 1,030,93 6 0.301 310,41 6$ 21,546$ 4,384$ 284,487$ -$ 284,487$ (277,453)$ 7,033$ 1,038,695$ 4 1,025,78 1 0.316 324,30 8$ 22,623$ 4,559$ 297,125$ -$ 297,125$ (290,007)$ 7,118$ 1,045,813$ 5 1,020,65 2 0.332 338,82 0$ 23,755$ 4,741$ 310,324$ -$ 310,324$ (302,879)$ 7,445$ 1,053,258$ 6 1,015,54 9 0.349 353,983$ 24,942 $ 4,931 $ 324,109$ - $ 324,109$ (317,029)$ 7,080$ 1,060,338$ 7 1,010,47 1 0.366 369,823$ 26,189 $ 5,128 $ 338,50 6$ -$ 338,506$ (331,370)$ 7,136$ 1,067,474$ 8 1,005,41 9 0.384 386,373$ 27,499 $ 5,333 $ 353,54 0$ -$ 353,540$ (345,859)$ 7,681$ 1,075,155$ 9 1,000,39 2 0.404 403,663$ 28,87 4$ 5,547$ 369,242$ -$ 369,242$ (361,456)$ 7,787$ 1,082,942$ 10 995,39 0 0.424 421,72 7$ 30,318$ 5,769$ 385,641$ -$ 385,641$ (378,073)$ 7,567$ 1,090,509$ 11 990,413 0.445 440,599 $ 31,833 $ 5,999 $ 402,76 6$ -$ 402,766$ (395,627)$ 7,139$ 1,097,649$ 12 985,461 0.467 460,31 6$ 33,425$ 6,239$ 420,652$ -$ 420,652$ (413,032)$ 7,619$ 1,105,268$ 13 980,533 0.490 480,915 $ 35,09 6$ 6,489$ 439,330$ -$ 439,330$ (431,246)$ 8,084$ 1,113,352$ 14 975,631 0.515 502,43 6$ 36,851$ 6,749$ 458,836$ -$ 458,836$ (451,183)$ 7,653$ 1,121,005$ 15 970,753 0.541 524,92 0$ 38,694$ 7,018$ 479,208$ -$ 479,208$ (471,716)$ 7,492$ 1,128,497$ 16 965,899 0.568 548,41 0$ 40,628$ 7,299$ 500,483$ -$ 500,483$ (492,760)$ 7,723$ 1,136,220$ 17 961,069 0.596 572,952 $ 42,66 0$ 7,591$ 522,701$ -$ 522,701$ (515,229)$ 7,471$ 1,143,691$ 18 956,26 4 0.626 598,591$ 44,793 $ 7,895 $ 545,90 4$ -$ 545,904$ (537,997)$ 7,907$ 1,151,598$ 19 951,483 0.657 625,37 8$ 47,033$ 8,211$ 570,135$ -$ 570,135$ (562,977)$ 7,158$ 1,158,756$ 20 946,725 0.690 653,36 4$ 49,384$ 8,539$ 595,441$ -$ 595,441$ -$ 595,441$ 1,754,197$ 21 941,992 0.725 682,602 $ 51,853 $ 8,881 $ 621,86 8$ -$ 621,868$ -$ 621,868$ 2,376,065$ 22 937,282 0.761 713,149 $ 54,44 6$ 9,236$ 649,467$ -$ 649,467$ -$ 649,467$ 3,025,532$ 23 932,595 0.799 745,062 $ 57,16 8$ 9,605$ 678,288$ -$ 678,288$ -$ 678,288$ 3,703,820$ 24 927,932 0.839 778,403 $ 60,027 $ 9,989 $ 708,38 7$ -$ 708,387$ -$ 708,387$ 4,412,207$ 25 923,293 0.881 813,23 7$ 63,028$ 10,389 $ 739,820$ -$ 739,820$ -$ 739,820$ 5,152,027$ 25 Year Total 24,529,35 4 12,630,964$ 11,529,443$ 1,017,215$ 12,546,657$ (7,394,630)$ 5,152,027$ Exhibit B
Estimated Savings Calculations Provided by ENGIE*
*Estimated Loan Payment amounts provided by NHA Advisors, the City's Municipal Advisor