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 $ 260,79 8$ - $ 260,79 8$ (253,474) $ 7,323 $ 7,323 $ 2 1,036,11 6 0.287 297,12 0$ 20,52 0$ 4,215 $ 272,385$ 1,017,21 5$ 1,289,60 0$ (265,262) $ 1,024,33 8$ 1,031,66 2$ 3 1,030,93 6 0.301 310,41 6$ 21,54 6$ 4,38 4$ 284,48 7$ - $ 284,48 7$ (277,453) $ 7,033 $ 1,038,69 5$ 4 1,025,78 1 0.316 324,30 8$ 22,623 $ 4,559 $ 297,125$ - $ 297,125$ (290,007) $ 7,118 $ 1,045,81 3$ 5 1,020,65 2 0.332 338,82 0$ 23,755 $ 4,741 $ 310,32 4$ - $ 310,32 4$ (302,879) $ 7,445 $ 1,053,25 8$ 6 1,015,54 9 0.349 353,983$ 24,942 $ 4,931 $ 324,109$ - $ 324,109$ (317,029) $ 7,080 $ 1,060,33 8$ 7 1,010,47 1 0.366 369,823$ 26,189 $ 5,128 $ 338,50 6$ - $ 338,50 6$ (331,370) $ 7,136 $ 1,067,47 4$ 8 1,005,41 9 0.384 386,373$ 27,499 $ 5,333 $ 353,54 0$ - $ 353,54 0$ (345,859) $ 7,681 $ 1,075,15 5$ 9 1,000,39 2 0.404 403,663$ 28,87 4$ 5,547 $ 369,242$ - $ 369,242$ (361,456) $ 7,787 $ 1,082,94 2$ 10 995,39 0 0.424 421,72 7$ 30,31 8$ 5,769 $ 385,641$ - $ 385,641$ (378,073) $ 7,567 $ 1,090,50 9$ 11 990,413 0.445 440,599 $ 31,833 $ 5,999 $ 402,76 6$ - $ 402,76 6$ (395,627) $ 7,139 $ 1,097,64 9$ 12 985,461 0.467 460,31 6$ 33,425 $ 6,239 $ 420,652$ - $ 420,652$ (413,032) $ 7,619 $ 1,105,26 8$ 13 980,533 0.490 480,915 $ 35,09 6$ 6,489 $ 439,33 0$ - $ 439,33 0$ (431,246) $ 8,08 4$ 1,113,35 2$ 14 975,631 0.515 502,43 6$ 36,851 $ 6,749 $ 458,83 6$ - $ 458,83 6$ (451,183) $ 7,653 $ 1,121,00 5$ 15 970,753 0.541 524,92 0$ 38,69 4$ 7,018 $ 479,20 8$ - $ 479,20 8$ (471,716) $ 7,492 $ 1,128,49 7$ 16 965,899 0.568 548,41 0$ 40,62 8$ 7,299 $ 500,483$ - $ 500,483$ (492,760) $ 7,723 $ 1,136,22 0$ 17 961,069 0.596 572,952 $ 42,66 0$ 7,591 $ 522,701$ - $ 522,701$ (515,229) $ 7,471 $ 1,143,69 1$ 18 956,26 4 0.626 598,591$ 44,793 $ 7,895 $ 545,90 4$ - $ 545,90 4$ (537,997) $ 7,907 $ 1,151,59 8$ 19 951,483 0.657 625,37 8$ 47,033 $ 8,211 $ 570,135$ - $ 570,135$ (562,977) $ 7,158 $ 1,158,75 6$ 20 946,725 0.690 653,36 4$ 49,38 4$ 8,539 $ 595,441$ - $ 595,441$ - $ 595,441$ 1,754,19 7$ 21 941,992 0.725 682,602 $ 51,853 $ 8,881 $ 621,86 8$ - $ 621,86 8$ - $ 621,86 8$ 2,376,06 5$ 22 937,282 0.761 713,149 $ 54,44 6$ 9,236 $ 649,46 7$ - $ 649,46 7$ - $ 649,46 7$ 3,025,53 2$ 23 932,595 0.799 745,062 $ 57,16 8$ 9,605 $ 678,28 8$ - $ 678,28 8$ - $ 678,28 8$ 3,703,82 0$ 24 927,932 0.839 778,403 $ 60,027 $ 9,989 $ 708,38 7$ - $ 708,38 7$ - $ 708,38 7$ 4,412,20 7$ 25 923,293 0.881 813,23 7$ 63,02 8$ 10,389 $ 739,82 0$ - $ 739,82 0$ - $ 739,82 0$ 5,152,02 7$ 25 Year Total 24,529,35 4 12,630,964$ 11,529,44 3$ 1,017,21 5$ 12,546,65 7$ (7,394,630) $ 5,152,02 7$ Exhibit A
Estimated Savings Calculations Provided by ENGIE*
*Estimated Loan Payment amounts provided by NHA Advisors, the City's Municipal Advisor