Phone interview Notes City: Townsend State: MA Zip:01469 1) Customer is tired of paying high utility BIUS average monthly BIU = $210.00 2) Customer would like to offset as close to 100% to 100% of their electric BIU as possible. 3) Utility company = Unitil = IOU (Investor Owned Utility) *All IOU's in Massachusetts are required to offer net metering. 4) Roof is mostly shade free according to customer. Ground mount is not possible, small yard, not a desirable opinion. 5) More interested in a cash purchase or low interest clean energy loan than a lease. 6) Customer budget is = $30.000 7) Customer has Tax liability and take advantage of the 30% Federal ITC (Investment Tax Credit) Massachusetts incentives 30% Federal Tax Credit 15% State Tax Credit up to $100 SREC program Using the information below and the Massachusetts incentives listed on the phone interview note fill out the Ballpark PV System Costs & Ince Worksheet. For this company, use $3,89/watt installed cost, which includes structural analysis, building and electrical permits, all equipment, installation labor, inspection, SREC account setup and utility interconnection. This value will vary a lot per company, location, system size and site. Also, 1 SREC = 1,000 KWh. 2a Installed System Cost (Use this companies installed cost / W) 2b Federal Tax Credit (30% of Installed System Cost) 2c MA State Tax Credit (15% of Installed System Cost, minimum of $1,000) 2d Final Cost After Tax Credit ( = 2a - 2b - 2c) 2e First Year Electrical Bill Savings (= rate per KWh from utility bill annual estimated PV energy production) 2f SREC's generated each year (1 SREC = 1000 KWh, round down) 2g First year SREC Income (SREC value = $285) 2h Subtotal Annual Savings & Income (= 2e + 2g) 2i 20% Federal Tax on SREC Income (= 0.2 2g) 2j Total Annual Savings & Income (= 2h - 2j) 2k Simple Payback Period for this system (2d / 2j)