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Item 26 - Grant Application for Solar Power Project
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12/07/2021 Regular
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Item 26 - Grant Application for Solar Power Project
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4/9/2024 8:46:28 AM
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
26
Date
12/7/2021
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Solar Model Parameters <br />The sheet contains the parameters used in the financial model. All cells (grey) must be completed. <br />Ownership <br />PPA <br />O&M <br />Project Details <br />Date <br />2019 <br />11/30/2018 <br />Notes <br />Auto populates <br />Client <br />City of Santa <br />Ana <br />Linked to OnePager footer <br />Project Name <br />Water Tanks <br />Linked to OnePager Title <br />Project Number <br />2669 <br />General Notes <br />Escalation/Degradation <br />Energy Use Escalation 0.0% Reasonable range: 0.0% to 2.5% <br />PV Degradation 0.5% Reasonable range: 0.5% to 2.5% <br />Escalation for for both load and generation. And <br />Utility Escalation 3.50% also for both rates and meter charges. <br />Costs and Term <br />Notes <br />ons ruc ion, a u, os <br />Calc Method <br />Metric ($/W) <br />PM, Contingency - Ownership <br />8.00% <br />As percentage of upfront costs <br />Cash Purchase Term (Years) <br />25 <br />PM, Contingency - PPA <br />5.00% <br />As percentage of upfront costs <br />PM, Contingency -Term <br />0 <br />Range 0 to 25, 0 represents upfront lump cost. <br />Applies to PPA cash flow. <br />PPA Term (Years) <br />25 <br />Typically 20 or 25 years <br />O&M Cost - Escalator (%/yr) <br />3.0% <br />O&M Cost - Term <br />25 <br />Range 0 to 25, 0 represents upfront lump cost. <br />Applies to non-PPA cash flow. <br />Simple Loan Term (Years) <br />25 <br />(previously known as bond term) <br />AssumptionsFinancing <br />. <br /># of Projects <br />1 <br />Total number of projects being considered <br />Rating Code <br />3 <br />From 1 to 3, default to 3 <br />NPV Discount Rate <br />3.00% <br />Start Month <br />1 <br />Month of operation/installation <br />Start Year <br />2019 <br />Basic Interest Rate <br />4.50% <br />Range 4.5% to 6.5% <br />Utility Rebate 1 Term (Years) <br />5 <br />PREVIEW Date: Nov 03, 2021 Workspace ID: WS00800354 Funding Opportunity Number: R22AS00023 <br />
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