LCCAModel

Last Modified:
DGS INPUTS
These inputs are provided by DGS. Check the website (www.green.ca.gov) for more information.
ASSUMPTIONS
Current year
Inflation
Discount rate
Reinvestment rate
Rounding
2009
3.40%
4.80%
0.00%
-2
Other Real Escalation Factors

Routine annual O&M (added to inflation)
Major Repair/Replacements (added to inflation)
0.00%
0.00%
Utility Electric rate escalation (added to inflation)

Demand rate escalation (added to inflation)
Natural gas price escalation (added to inflation)
-0.30%
-0.30%
1.23%
Photovoltaic degradation factor (per year)
0.8%
NOTE: This value reflects the State's estimated Cost of Capital.

NOTE: This value is the re-investment rate for project generated cash flow (i.e. savings) - most likely Not Applicable.
NOTE: The User should be careful in adjusting this escalation rate and have information to back up any rate added to inflation.
NOTE: The User should be careful in adjusting this escalation rate and have information to back up any rate added to inflation.
NOTE: The rate of inflation is added to this escalation rate.
NOTE: This information should come from the solar module manufacturer.
ELECTRICITY TARIFFS
User Input Required
User should enter all the tariffs applicable to the bundle on this page.
Non-TOU Tariffs are entered in Rows 9 through 17. TOU tariffs are entered in Rows 25 through 40.
When inputting tariff information in "User Inputs" only the tariff number from Row 8 or 24 should be entered.
Electrical Tariff Data (Non-TOU)

Tariff Number (Used only to select tariff for purposes of this model)
10
11
Service Territory (Type PG&E, SCE or SDG&E)

Applicable electric retail tariff
Number of Summer months in tariff
Energy Rate ($/kWh) -Summer electricy
Winter electricity
Summer demand
Winter Demand
Demand ($/kW-mo)**
Electrical Tariff Data (TOU)

Tariff Number (Used only to select tariff for purposes of this model)
Service Territory (Type PG&E, SCE or SDG&E)
PG&E
Applicable electric retail tariff

Summer months in tariff
E19P
6
Energy Rate ($/kWh) -Summer on-peak
0.15606
Summer part-peak
0.10407
Summer off-peak
0.08154
Winter peak
Winter part-peak
0.08882
Winter off-peak
0.07737
Demand ($/kW-mo) -Max demand (summer & winter, avg mo.)

Summer peak
Summer part-peak
6.66
12.29
2.79
Summer off-peak
Winter peak (max)
6.66
Winter part-peak
Winter off-peak
0.78
For SMUD "Max demand" equates to "Facilities Charge"
12
13
14
15
16
1
2
C D
I. Selection of ECMs
To run a single ECM or group of ECMs:
Step 1 -- Enter in cell G6 the ECMs you want to run in this project. Separate ECMs by
commas or hyphens; i.e. 3,5,7-10
Step 2 -- Go to "Project Analysis" sheet and click "Accumulate Results" button.
List ECMs to Accumulate
II. General Assumptions
1
Solar PV
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
General Inputs
(for all ECMs in
project)
Enter the name of each ECM in this row
ECM number
Base Year For Project including ECMs 1

Analysis Period (years)
ECM's first full operating year (2)
Useful Life of ECM (years)
20 (1) First full operating year must be 2007 or later.
2009
20
2010
20
(2) ECM "analysis period" may exceed the "useful life."
Generation Degradation Assumption

Is ECM photovoltaic? (Y or N) (1)
ECM #
Y
(1)This triggers PV degradation factor.
III. ECMs that Save Gas

If user has no gas saving ECMs, skip to next section.
Gas Tariffs
Natural Gas Utility (PG&E, SCG, SDG&E)
Applicable gas tariff
Natural Gas Rates
Average price ($/therm)
ECM #
0.00
NOTE: ECM and "Business as Usual" could have different gas prices
based on volumetric differences. This model does not account for
those shifts. Please consult with the Natural Gas Services Program
for burnertip natural gas pricing information.
Gas Savings
If available, enter both "Business as Usual" and ECM data.
If you only have estimates of energy savings, enter those as positive
amounts under "Business as Usual" and leave ECM blank.
Natural Gas Usage

Annual usage (Therms)
Natural Gas Usage

Annual usage (Therms)
A
42
43
44
45
C D
The demand ratchet is assumed to be 12 months for analysis purposes.
51
For ECMs on Non-TOU Tariffs: Input through Row 73, then Skip to
"Upfront Capital Costs & Funding"
52
For ECMs on TOU Tariffs: Skip rows 50 through 73 and go to Area

IV.B. below.
ECM #
Is ECM tariff TOU?: Y or N
Does tariff have demand ratchet? Y or N
Non-TOU electricity ECMs can be entered in any column as long as

ECM is identified below as a non-TOU ECM.
56
Enter the applicable tariff for each ECM (see "Tariffs" sheet). Most
users will have only one applicable tariff.
64
65
66
67
68
69
70
71
72
73
74
75
76
77
Y
N
A. Data for Electrical ECMs on Non-TOU Tariffs
55
57
58
59
60
61
62
63
Users that have some ECMs on TOU tariffs and some on non-TOU
tariffs must complete each section.
46
47
48
49
50
53
54
IV. ECMs That Save Electricity
1 Electrical Tariff Data (Non-TOU)
ECM #
Select tariff number from Row 8 of Tariffs sheet
2 Energy Use Data for ECMs that Save Electricity for Meters Not on TOU Tariffs
Electricity Usage (kWh)

Summer usage
Winter usage
Demand (kW)
Summer
Winter
Electricity Usage (kWh)
Summer usage
Winter usage
Demand (kW)
Summer
Winter
"Business as
Usual"
0
0
0
0
ECM
0
0
0
0
A
78
79
C D
B. Data for Electrical ECMs on TOU Tariffs
80
TOU electricity ECMs can be entered in any column as long as they

are identified as TOU ECMs in row 49.
81
Enter the applicable tariff for each ECM (see "Tariffs" sheet for tariffs).
Most projects will have only one tariff.
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
1 Electrical Tariff Data (TOU)

ECM #
Select tariff number from Row 24 of Tariffs sheet
2 Energy Use Data for ECMs that Save Electricity on TOU Meters and Tariffs
Electricity Usage- "Business as Usual"

Usage (kWh)
Summer on-peak
Summer part-peak
Summer off-peak
Winter peak
Winter part-peak
Winter off-peak
Demand (kW)
Max demand (summer & winter, avg mo.)
Summer peak
Summer part-peak
Summer off-peak
Winter peak
Winter part-peak
Winter off-peak
Electricity Usage- ECM

Usage (kWh)
Summer on-peak
Summer part-peak
Summer off-peak
Winter peak
Winter part-peak
Winter off-peak
Demand (kW)
Summer peak
Summer part-peak
Summer off-peak
Winter peak
ECM #
"Business as Usual"
100,000
100,000
200,000
0
50,000
100,000
500
500
400
500
0
250
250
ECM
0
0
0
0
0
0
0
0
0
0
0
A
124
125
126
127
128
129
130
131
C D
ECM #
ECM Capital Costs
Date of construction estimate, m/d/yr
132
133
134
Construction cost (1)

"Soft" costs (e.g., overhead, contract mgt) (1)
135
Number of months from date of loan closing to

completion of construction- to calculate capitalized
interest
136
Rebate (if applicable, enter as negative)
137
Input "Y" if you prefer to calculate capitalized interest

outside of model.
138
Amount of capitalized interest. (Enter this only if you

have calculated it outside of model and have entered
"Y" in row above.)
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
173
J
0
0
V. Capital Costs and Financing
Months from estimate to const. Start- to escalate

construction and soft costs
139
Winter part-peak
Winter off-peak
6/20/09
3
3,000,000
50,000
8
(1,000,000)
0
(1) Construction cost and "soft costs" are escalated from estimate
date to estimated start of construction date at CPI
Debt Terms
Amount of debt (% of total ECM cost)
Term (years)
Effective interest rate (per annum)
100%
20
5.00%
VI. O&M and Other Costs

A. ECM Operating Costs
ECM Expense
Routine annual O&M (first year $, will escalate at CPI)
Major Repair and Replacements
Average frequency, years
Expected cost (in current year dollars)
ECM
0
0
0
Expenses Avoided by ECM (if any)

In most cases, make NO entries for "Expenses Avoided"
Routine annual O&M

Major Repair and Replacements
Average frequency, years
Current Unit Cost
B. Other Incremental Costs of ECM

General, Administrative, Insurance Costs, etc.
"Business as Usual"
ECM
0
0
0
0
0
A
174
175
176
177
178
179
180
181
182
C D
NO user input below here.

Expected useful life of equipment- Calculation of weighted average based on cost.
Project total
Cost of ECM included in project. Construction cost + soft cost less rebate.
Fraction of ECM/Total project
Fraction of ECM/Total project * useful life of ECM
Weighted average life of project
2,050,000
20.0
20.0
1
2
Click to Run Clear Input Value Macro- Do not

click this unless you want to clear all input
values.
3
4
5
6
7
Solar PV
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
1
Y
2010
20
28
29
30
31
32
33
34
35
36
37
38
39
40
41
"Business as
Usual"
ECM
"Business as "Business as "Business as "Business as "Business as "Business as

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
ECM
ECM
1
Y
N
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
"Business as
Usual"

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
0
0
0
0
ECM
ECM
ECM
ECM
ECM
ECM
ECM
78
79
80
81
82
83
84
85
For ECMs on TOU Tariffs Only

1
2
9
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
"Business as
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
100,000
100,000
200,000
50,000
100,000
500
500
400
500
250
250
1
ECM
2
ECM
3
ECM
4
ECM
5
ECM
6
ECM
7
ECM
K
124
125
126
127
128
129
130
131
132
133
134
1
ECM
6/20/09
2
ECM
3
ECM
4
ECM
5
ECM
6
ECM
7
ECM
3
3,000,000
50,000
135
136
8
(1,000,000)
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
173
ECM
ECM
ECM
ECM
ECM
ECM
ECM
174
175
176
177
178
179
180
181
182
2,050,000
1.00
20
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
1
2
10
11
12
13
14
10
11
12
13
14
10
11
12
13
14
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
"Business as "Business as "Business as "Business as "Business as "Business as "Business as

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
ECM
ECM
ECM
10
11
12
13
14
10
11
12
13
14
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
ECM
ECM
ECM
10
11
12
13
14
10
11
12
13
14
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
8
ECM
9
ECM
10
ECM
11
ECM
12
ECM
13
ECM
14
ECM
124
125
126
127
128
129
130
131
8
ECM
9
ECM
10
ECM
11
ECM
12
ECM
13
ECM
14
ECM
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
173
10
11
12
13
14
ECM
ECM
ECM
ECM
ECM
ECM
ECM
10
11
12
13
14
174
175
176
177
178
179
180
181
182
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
1
2
AA
AB
AC
AD
AE
15
16
17
18
19
20
21
15
16
17
18
19
20
21
15
16
17
18
19
20
21
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
ECM
ECM
ECM
AA
AB
AC
AD
AE
15
16
17
18
19
20
21
15
16
17
18
19
20
21
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
ECM
ECM
ECM
AA
AB
AC
AD
AE
15
16
17
18
19
20
21
15
16
17
18
19
20
21
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123

Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
Usual"
15
ECM
16
ECM
17
ECM
18
ECM
19
ECM
20
ECM
21
ECM
124
125
126
127
128
129
130
131
AA
AB
AC
AD
AE
15
ECM
16
ECM
17
ECM
18
ECM
19
ECM
20
ECM
21
ECM
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
173
15
16
17
18
19
20
21
ECM
ECM
ECM
ECM
ECM
ECM
ECM
15
16
17
18
19
20
21
AA
AB
AC
AD
AE
174
175
176
177
178
179
180
181
182
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
1
2
AF
AG
AH
AI
22
23
24
25
22
23
24
25
22
23
24
25
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
"Business as "Business as "Business as "Business as

Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
AJ
AK
AL
AM
AN
AF
AG
AH
AI
22
23
24
25
22
23
24
25
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77

Usual"
Usual"
Usual"
Usual"
ECM
ECM
ECM
ECM
AJ
AK
AL
AM
AN
AF
AG
AH
AI
22
23
24
25
22
23
24
25
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123

Usual"
Usual"
Usual"
Usual"
22
ECM
23
ECM
24
ECM
25
ECM
AJ
AK
AL
AM
AN
124
125
126
127
128
129
130
131
AF
AG
AH
AI
22
ECM
23
ECM
24
ECM
25
ECM
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
173
22
23
24
25
ECM
ECM
ECM
ECM
22
23
24
25
AJ
AK
AL
AM
AN
AF
AG
AH
AI
AJ
174
175
176
177
178
179
180
181
182
0
0.00
0
0
0.00
0
0
0.00
0
0
0.00
0
AK
AL
AM
AN
1
2
3
4
5
6
7
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
AO
AP
AQ
AR
AS
AT
AU
AV
AW
AX
AY
AO
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
AP
AQ
AR
AS
AT
AU
AV
AW
AX
AY
AO
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
AP
AQ
AR
AS
AT
AU
AV
AW
AX
AY
AO
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
173
AP
AQ
AR
AS
AT
AU
AV
AW
AX
AY
AO
174
175
176
177
178
179
180
181
182
AP
AQ
AR
AS
AT
AU
AV
AW
AX
AY
AccumulateResults
<Ctrl+R>
Click to Print Summary of

Individual ECMs
Aggregated Cash Flow for Project including ECMs 1

Total Cost of Project
First Year Energy Savings
$2,145,123 Note: this amount includes costs for all selected ECM's used
-$28,620
ANNUAL CASH FLOW
First Year
2010
2011
Analysis year
PV ($2009)
SUM (1)
Analysis flag
Start flag
Project Energy Cost Savings

Reduction in natural gas costs
Reduction in electricity usage costs
Reduction in electricity demand costs
Gross Energy Cost Savings
$0
$0
$819,600
$1,403,300
56,188
57,467
$1,367,400
$2,370,400
87,322
90,029
$2,187,000
$3,773,700
143,510
147,495
$2,292,000
Incremental Project Costs
Project Operating Costs
$0
$0
Other Project Costs
$0
$0
Total Operating Costs
$0
$0
Costs Avoided by Project
$0
$0
$0
$0
$2,187,000
$3,773,700
143,510
147,495
$2,082,000
$3,442,600
172,130
172,130
$105,000
$331,100
(28,620)
(24,635)
0.83
0.86
Total Incremental Project Operating Costs

Savings before debt service
Incremental Debt Service
Savings after debt service
NOTE: 1) The term "Sum" reflects the total costs and savings over the life of the project.
Financial Measures:
Cumulative pre-debt savings (shortfall)
Payback period (actual)
Debt coverage ratio
Project internal rate of return (unleveraged)
Energy Conserved over Lifetime:

Total project kwh saved
Total project therms saved
Project Peak kW reduction
12.7 yrs
0.83 min
5.51%
10,202,798
0
500
teResults
<Ctrl+R>

Individual ECMs
costs for all selected ECM's used in this Project run regardless of the year in which the capital is expended
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
10
11
12
58,774
60,112
61,479
62,878
64,309
65,772
67,268
68,799
70,364
71,965
92,819
95,697
98,663
101,722
104,875
108,127
111,478
114,934
118,497
122,171
151,594
155,808
160,143
164,600
169,184
173,898
178,747
183,733
188,861
194,136
151,594
155,808
160,143
164,600
169,184
173,898
178,747
183,733
188,861
194,136
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
(20,536)
(16,322)
(11,987)
(7,530)
(2,946)
1,768
6,616
11,603
16,731
22,005
0.88
0.91
0.93
0.96
0.98
1.01
1.04
1.07
1.10
1.13
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
13
14
15
16
17
18
19
20
21
22
73,602
75,277
76,990
78,741
80,533
82,365
84,239
86,156
125,958
129,863
133,888
138,039
142,318
146,730
151,279
155,968
199,560
205,140
210,878
216,780
222,851
229,095
235,518
242,124
199,560
205,140
210,878
216,780
222,851
229,095
235,518
242,124
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
27,430
33,009
38,748
44,650
50,721
56,965
63,387
69,994
1.16
1.19
1.23
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
23
24
25
26
27
28
29
30
31
32
33
2043
2044
2045
34
35
36
AccumulateResults
<Ctrl+R>

Individual ECMs

Incremental Funding Costs of Project:
Construction cost
"Soft" costs (e.g., overhead, contract mgt)
Total
Escalation
Construction Cost and "soft costs" escalated
Rebate (if applicable)
Amount to finance before IDC
Capitalized interest
Total Cost
Funding Sources
Capital Outlay/Equity
Debt
Total Funding
$3,000,000
$50,000
$3,050,000
$25,925
$3,075,925
-$1,000,000
$2,075,925
$69,198
$2,145,123
$0
$2,145,123
$2,145,123
Sensitivity of Project Savings to Real Increase (Decrease)
Base Case Assumptions:

Background inflation =
Real escalation in electricity prices =
(Electric price or gas price escalation added to CP
Nominal
Escalation
Real Rate of
Escalation
NPV
Savings
1.85%
2.10%
2.35%
2.60%
2.85%
-1.55%
-1.30%
-1.05%
-0.80%
-0.55%
15,400
32,300
49,600
67,600
86,000
105,000
3.35%
3.60%
3.85%
4.10%
4.35%
-0.05%
0.20%
0.45%
0.70%
0.95%
124,500
144,700
165,400
186,700
208,700
IMPORTANT NOTE: Do not change any of the numbers in this table. They are
teResults
<Ctrl+R>

Individual ECMs
ngs to Real Increase (Decrease) in Electric and Gas Prices
Table interval = 0.25%
Background inflation = 3.40%

-0.30%
Real escalation in gas prices =
1.23%
ce or gas price escalation added to CPI: CPI not changed)
Nominal
Real Rate
Nominal Payback
NPV
Nominal
Escalatio
of
Savings
Period
Savings
Savings
n
Escalation
154,200 13.024 yrs
3.38%
-0.02%
105,000
331,100
187,300 12.953 yrs
3.63%
0.23%
105,000
331,100
221,600 12.882 yrs
3.88%
0.48%
105,000
331,100
256,900 12.810 yrs
4.13%
0.73%
105,000
331,100
293,400 12.739 yrs
4.38%
0.98%
105,000
331,100
Payback
Period
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
331,100
13
105,000
331,100
13
369,900
410,100
451,500
494,300
538,500
12.598 yrs
12.528 yrs
12.458 yrs
12.388 yrs
12.319 yrs
4.88%
5.13%
5.38%
5.63%
5.88%
1.48%
1.73%
1.98%
2.23%
2.48%
105,000
105,000
105,000
105,000
105,000
331,100
331,100
331,100
331,100
331,100
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
e any of the numbers in this table. They are fixed based on DGS Inputs.
Aggregated Cash Flow for Project including ECMs 1-7

Total Cost of Project
First Year Energy Savings
$2,145,123
-$28,620
ANNUAL CASH FLOW

PV ($2009)
SUM (1)
$0
$0
$819,600
$1,403,300
$1,367,400
$2,370,400
$2,187,000
$3,773,700
Project Operating Costs
$0
$0
Other Project Costs
$0
$0
$0
$0
Costs Avoided by Project
$0
$0
$0
$0
$2,187,000
$3,773,700
$2,082,000
$3,442,600
$105,000
$331,100
Project Energy Cost Savings

Incremental Project Costs
Total Incremental Project Operating Costs

NOTE: 1) The term "Sum" reflects the total costs and savings over the life of the project.
Financial Measures:
Debt coverage ratio
Project internal rate of return (unleveraged)
Energy Conserved over Lifetime:
Total project kwh saved
Total project therms saved
Project Peak kW reduction
Incremental Funding Costs of Project:
Construction cost
"Soft" costs (e.g., overhead, contract mgt)
Total
Escalation
Construction Cost and "soft costs" escalated
Amount to finance before IDC
Total Cost
12.7 yrs
0.83 yrs
5.51%
10,202,798
0
500
$3,000,000
$50,000
$3,050,000
$25,925
$3,075,925
($1,000,000)
$2,075,925
$69,198
$2,145,123
Funding Sources
Debt
Total Funding
$0
$2,145,123
$2,145,123
Individual Analysis of ECM 1

Solar PV
ANALYSIS SUMMARY OF ECM
Present Value Analysis Summary
Energy Cost Savings
Incremental ECM Operating Costs
Savings Before Debt Service
Incremental Debt Service Repayments
Net Energy Cost Savings
Expected Useful Life Analysis Summary
1
PV ($2009)
2010 - 2029
$2,187,000
$0
$2,187,000
($2,082,000)
$105,000
20-yr SUM
Energy Cost Savings

2010 - 2029
$3,773,700
$0
$3,773,700
($3,442,600)
$331,100
Total kWh Saved- Lifetime

Total Therms Saved-Lifetime
10,202,798
0
First Year Savings Analysis Summary

Energy Cost Savings
Total kWh Saved- First Year
Total Therms Saved- First Year
Reduction in Peak kW Demand
1st Year Only

2010
$143,500
$0
$143,500
($172,100)
($28,600)
550,000
0
500
Financial measures
ECM internal rate of return (20-yr)
Payback period
[1]
Payback period
[2]
Debt coverage ratio, minimum
Debt coverage ratio, average
5.5%
12.7 yrs
14.9 yrs
0.83 min
1.10 avg
[1] NOTE: This payback value is calculated over the life of the ECM or equipment.
[2] NOTE: This payback value is based on the first year of operations or savings only.
336372267.xls, ECM Analysis, Page 47 of 75
11/09/2016

Energy Savings from ECM: Calculated from inputs- For TOU ECMs
Usage (kWh) -Summer on-peak
Summer part-peak
Summer off-peak
Winter peak
Winter part-peak
Winter off-peak
Total
Demand (kW) -Max demand (summer & winter,
Summer peak
Summer part-peak
Summer off-peak
Winter peak
Winter part-peak
Winter off-peak
100,000
100,000
200,000
0
50,000
100,000
_______
550,000
500
500
400
500
0
250
250
Incremental Funding Costs of ECM

Initial estimate, excluding, IDC and rebate
Construction cost (1)
"Soft" costs (e.g., overhead, contract m
Total
Escalation
Construction Cost and "soft costs" escalat
Costs before Capitalized Interest
Total Cost
3,000,000
50,000
3,050,000
25,925
3,075,925
(1,000,000)
2,075,925
69,198
$2,145,123
Funding Sources
Debt
Total Funding
0
2,145,123
$2,145,123
ECM Expenses (Current $): Calculated from inputs

Interval for Major Repair and Replacem
Routine annual O&M
Cost of Major Repair and Replacement
Major Repairs and Replacements, in interval year
Total ECM Expenses
0
0
0
Counter
0
0
0
0
0
1
0
0
0
0
2
0
0
0
0
3
0
0
0
0
4
0
0
0
0
5
0
0
0
0
Counter
0
0
0
0
0
1
0
0
0
0
2
0
0
0
0
3
0
0
0
0
4
0
0
0
0
5
0
0
0
0
Expenses Avoided by ECM (Current $): Calculated from inputs

Interval for Major Repair and Replacem
Routine annual O&M
Major Repair and Replacements, esc.
Major Repairs and Replacements, in interval year
Total Expenses Avoided by ECM
0
0
0
11/09/2016

Other Incremental Costs (Current $)
ANNUAL ECM CASHFLOW

Analysis year
Analysis flag
PV ($2009)
2010 - 2029
20-yr SUM
2010 - 2029
2009
0
0
2010
1
1
2011
2
1
2012
3
1
2013
4
1
2014
5
1
ECM Energy Cost Savings

819,645
1,403,277
56,188
57,467
58,774
60,112
61,479
1,367,362
2,370,377
87,322
90,029
92,819
95,697
98,663
2,187,008
3,773,654
143,510
147,495
151,594
155,808
160,143
ECM Operating Costs
Other ECM Costs
2,187,008
3,773,654
143,510
147,495
151,594
155,808
160,143
2,082,033
3,442,604
172,130
172,130
172,130
172,130
172,130
$104,974
$331,051
$0
($28,620)
($24,635)
($20,536)
($16,322)
($11,987)
0
1.10 avg
n/a
(2,145,123) (2,145,123)
0
0.83
143,510
0
0.86
147,495
0.0
0.88
151,594
0.0
0.91
155,808
0.0
0.93
160,143
Incremental ECM Costs

Costs Avoided by ECM
Total Incremental ECM Operating Cost
Incremental Debt Service ($)
Financial Measures
Payback period
Debt coverage ratio
ECM internal rate of return (unleveraged)
12.7 yrs
0.83 min
5.51%
11/09/2016

ANNUAL ECM CASHFLOW
Analysis year
Analysis flag
PV ($2009)
2010 - 2029
20-yr SUM
2010 - 2029
2009
0
0
2010
1
1
2011
2
1
2012
3
1
2013
4
1
2014
5
1

819,645
1,403,277
56,188
57,467
58,774
60,112
61,479
1,367,362
2,370,377
87,322
90,029
92,819
95,697
98,663
2,187,008
3,773,654
143,510
147,495
151,594
155,808
160,143
ECM Operating Costs
Other ECM Costs
2,187,008
3,773,654
143,510
147,495
151,594
155,808
160,143
2,082,033
3,442,604
172,130
172,130
172,130
172,130
172,130
$104,974
$331,051
$0
($28,620)
($24,635)
($20,536)
($16,322)
($11,987)
0
1.10 avg
n/a
(2,145,123) (2,145,123)
0
0.83
143,510
0
0.86
147,495
0.0
0.88
151,594
0.0
0.91
155,808
0.0
0.93
160,143
(2,145,123)
(2,001,612)

Total Incremental ECM Operating Cost
Financial Measures
Payback period
Debt coverage ratio
12.7 yrs
0.83 min
5.51%
(1,854,117) (1,702,523)
(1,546,715) (1,386,572)
11/09/2016

CALCULATIONS
TOU TARIFFS
Incremental Energy Savings with ECMs on TOU Tariffs:
Degradation Factor
Degradation Factor-Cumulative from Start Year
Electricity:
Usage (kWh)
Summer on-peak
Summer part-peak
Summer off-peak
Winter peak
Winter part-peak
Winter off-peak
Total
Demand (kW)
Summer peak (avg mo.)
Summer part-peak (avg mo.)
Summer off-peak (avg. mo.)
Winter peak (avg mo.)
Winter part-peak (avg mo.)
Winter off-peak (avg. mo.)
"Business as Usual" Energy Prices with ECMs on TOU Tariffs (Annual Averages):
Electricity:
Number of months in summer season
Utility Energy Rates ($/kWh)
Summer on-peak
0.156
Summer part-peak
0.104
Summer off-peak
0.082
Winter peak
Winter part-peak
0.089
Winter off-peak
0.077
Demand ($/kW-mo)
6.660
Summer peak
12.290
Summer part-peak
2.790
Summer off-peak
Winter peak
6.660
Winter part-peak
0.780
Winter off-peak
2009
0.8%
0.00
2010
0.8%
0.00
2011
0.8%
0.99
2012
0.8%
0.98
2013
0.8%
0.98
2014
0.8%
0.97
0
0
0
0
0
0
_______
0
100,000
100,000
200,000
0
50,000
100,000
_______
550,000
99,200
99,200
198,400
0
49,600
99,200
_______
545,600
98,406
98,406
196,813
0
49,203
98,406
_______
541,235
97,619
97,619
195,238
0
48,810
97,619
_______
536,905
96,838
96,838
193,676
0
48,419
96,838
_______
532,610
0
0
0
0
0
0
0
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
0.156
0.104
0.082
0.000
0.089
0.077
0.161
0.107
0.084
0.000
0.092
0.080
0.166
0.111
0.087
0.000
0.094
0.082
0.171
0.114
0.089
0.000
0.097
0.085
0.176
0.118
0.092
0.000
0.100
0.087
0.182
0.121
0.095
0.000
0.103
0.090
6.660
12.290
2.790
0.000
6.660
0.780
0.000
6.866
12.671
2.876
0.000
6.866
0.804
0.000
7.079
13.064
2.966
0.000
7.079
0.829
0.000
7.299
13.469
3.058
0.000
7.299
0.855
0.000
7.525
13.886
3.152
0.000
7.525
0.881
0.000
7.758
14.317
3.250
0.000
7.758
0.909
0.000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
NON TOU TARIFFS

Incremental Energy Savings for ECM on non TOU Tariff:
Electricity usage (kWh)
Summer
Winter
Total
Electricity demand (kW, avg mo.)
Summer
Winter
11/09/2016

"Business as Usual" Energy Prices for ECM on non TOU Tariff(Annual Average):
Electricity usage (weighted average, $/kWh)
Summer
0.0000
Winter
0.0000
Electricity demand (weighted average, $/kW-mo)
Summer
0.0000
Winter
0.0000
Reduction in electric usage costs
Reduction in electric demand costs costs
0
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0
0
11/09/2016
INCREMENTAL GAS SAVINGS

Natural gas (Th)
Natural gas (burner-tip, $/Th)
ECM Debt Service Schedule:

Repayment flag
Opening balance
Principal repaid
Interest paid
Total repayment
1,203,015
879,019
2,082,033
10,202,798 Total kWh saved, transferred to "project Analysis"
2,145,123
1,297,481
3,442,604
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
2009
0
0
0
0
0
2010
1
2,145,123
64,874
107,256
172,130
2011
1
2,080,248
68,118
104,012
172,130
2012
1
2,012,131
71,524
100,607
172,130
2013
1
1,940,607
75,100
97,030
172,130
2014
1
1,865,507
78,855
93,275
172,130
550,000
545,600
541,235
536,905
532,610
11/09/2016

ANNUAL ECM CASHFLOW
Analysis year
Analysis flag
2015
6
1
2016
7
1
2017
8
1
2018
9
1
2019
10
1
2020
11
1
2021
12
1
2022
13
1
2023
14
1
2024
15
1
2025
16
1

0
64,309
65,772
67,268
68,799
70,364
71,965
73,602
75,277
76,990
78,741
Reduction in electricity101,722
demand costs104,875
Reduction in electricity 62,878

usage costs
Gross Energy Cost
164,600
Savings
108,127
111,478
114,934
118,497
122,171
125,958
129,863
133,888
138,039
169,184
173,898
178,747
183,733
188,861
194,136
199,560
205,140
210,878
216,780

ECM Operating Costs
Other ECM Costs
Total Operating Costs 0
Total Incremental ECM Operating

0
Cost 0
169,184
173,898
178,747
183,733
188,861
194,136
199,560
205,140
210,878
216,780
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
172,130
($2,946)
$1,768
$6,616
$11,603
$16,731
$22,005
$27,430
$33,009
$38,748
$44,650
Payback period
0.0
0.0
Debt coverage ratio
0.96
0.98
ECM internal rate of return
164,600
(unleveraged)
169,184
0.0
1.01
173,898
0.0
1.04
178,747
0.0
1.07
183,733
0.0
1.10
188,861
0.0
1.13
194,136
12.7
1.16
199,560
0.0
1.19
205,140
0.0
1.23
210,878
0.0
1.26
216,780
Cumulative pre-debt
(1,221,972)
savings (1,052,788)
(878,890)
(700,143)
(516,410)
(327,549)
(133,413)
66,147
271,286
482,164
698,944
Savings before debt

164,600
service
172,130
($)
Savings after debt
($7,530)
service
Financial Measures
11/09/2016

CALCULATIONS
TOU TARIFFS
Incremental Energy Savings
2015
with ECMs on
2016
TOU Tariffs: 2017
Degradation Factor
0.8%
0.8%
0.8%
Degradation Factor-Cumulative
0.96 from Start0.95
Year
0.95
Electricity:
Usage (kWh)
Summer on-peak
96,063
95,295
94,533
Summer part-peak
96,063
95,295
94,533
Summer off-peak
192,127
190,590
189,065
Winter peak
0
0
0
Winter part-peak
48,032
47,647
47,266
Winter off-peak
96,063
95,295
94,533
_______
_______
_______
Total 528,349
524,122
519,929
Demand (kW)
Max demand (summer
500
& winter,
500
avg mo.)
500
Summer peak (avg
500 mo.)
500
500
Summer part-peak
400 (avg mo.) 400
400
Summer off-peak
500(avg. mo.) 500
500
Winter peak (avg 0mo.)
0
0
Winter part-peak
250
(avg mo.) 250
250
Winter off-peak250
(avg. mo.)
250
250
2018
0.8%
0.94
2019
0.8%
0.93
2020
0.8%
0.92
2021
0.8%
0.92
2022
0.8%
0.91
2023
0.8%
0.90
2024
0.8%
0.89
2025
0.8%
0.89
93,776
93,776
187,553
0
46,888
93,776
_______
515,770
93,026
93,026
186,052
0
46,513
93,026
_______
511,644
92,282
92,282
184,564
0
46,141
92,282
_______
507,551
91,544
91,544
183,087
0
45,772
91,544
_______
503,490
90,811
90,811
181,623
0
45,406
90,811
_______
499,462
90,085
90,085
180,170
0
45,042
90,085
_______
495,467
89,364
89,364
178,728
0
44,682
89,364
_______
491,503
88,649
88,649
177,299
0
44,325
88,649
_______
487,571
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
500
500
400
500
0
250
250
0.212
0.141
0.111
0.000
0.121
0.105
0.218
0.146
0.114
0.000
0.124
0.108
0.225
0.150
0.118
0.000
0.128
0.112
0.232
0.155
0.121
0.000
0.132
0.115
0.239
0.160
0.125
0.000
0.136
0.119
0.247
0.165
0.129
0.000
0.140
0.122
0.254
0.170
0.133
0.000
0.145
0.126
9.038
16.678
3.786
0.000
9.038
1.058
0.000
9.318
17.195
3.903
0.000
9.318
1.091
0.000
9.607
17.728
4.024
0.000
9.607
1.125
0.000
9.905
18.277
4.149
0.000
9.905
1.160
0.000
10.212
18.844
4.278
0.000
10.212
1.196
0.000
10.528
19.428
4.410
0.000
10.528
1.233
0.000
10.855
20.030
4.547
0.000
10.855
1.271
0.000
Electricity:
Summer on-peak
0.187
0.193
0.199
0.205
Summer part-peak
0.125
0.129
0.133
0.137
Summer off-peak
0.098
0.101
0.104
0.107
Winter peak 0.000
0.000
0.000
0.000
Winter part-peak
0.107
0.110
0.113
0.117
Winter off-peak
0.093
0.096
0.099
0.102
Demand ($/kW-mo)
Max demand 7.999
(summer & winter,
8.247
avg mo.)
8.502
8.766
Summer peak
14.761
15.218
15.690
16.176
Summer part-peak
3.351
3.455
3.562
3.672
Summer off-peak
0.000
0.000
0.000
0.000
Winter peak 7.999
8.247
8.502
8.766
Winter part-peak
0.937
0.966
0.996
1.027
Winter off-peak
0.000
0.000
0.000
0.000
NON TOU TARIFFS

Summer
0
0
Winter
0
0
Total
0
0
Summer
0
0
Winter
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11/09/2016

Summer
0.0000
0.0000
0.0000
0.0000
Winter
0.0000
0.0000
0.0000
0.0000
Summer
0.0000
0.0000
0.0000
0.0000
Winter
0.0000
0.0000
0.0000
0.0000
Reduction in electric usage-costs
Reduction in electric demand0 costs costs 0
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
11/09/2016

Natural gas (Th)
0
Natural gas (burner-tip, $/Th)
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
ECM Debt Service Schedule:

2015
Repayment flag
1
Opening balance 1,786,652
Principal repaid
82,798
Interest paid
89,333
Total repayment 172,130
2016
1
1,703,855
86,937
85,193
172,130
2017
1
1,616,917
91,284
80,846
172,130
2018
1
1,525,633
95,849
76,282
172,130
2019
1
1,429,785
100,641
71,489
172,130
2020
1
1,329,144
105,673
66,457
172,130
2021
1
1,223,471
110,957
61,174
172,130
2022
1
1,112,514
116,504
55,626
172,130
2023
1
996,009
122,330
49,800
172,130
2024
1
873,680
128,446
43,684
172,130
2025
1
745,234
134,868
37,262
172,130
519,929
515,770
511,644
507,551
503,490
499,462
495,467
491,503
487,571
10,202,798 Total kWh saved, transferred

528,349
to "project
524,122
Analysis"
11/09/2016

ANNUAL ECM CASHFLOW
Analysis year
Analysis flag
2026
17
1
2027
18
1
2028
19
1
2029
20
1

Reduction in natural gas costs 0
82,365
84,239
86,156
Reduction in electricity demand

142,318costs
146,730
151,279
155,968
Gross Energy Cost222,851

Savings
229,095
235,518
242,124
Reduction in electricity usage

80,533
costs

ECM Operating Costs
Other ECM Costs
229,095
235,518
242,124
172,130
172,130
172,130
$56,965
$63,387
$69,994
Payback period
0.0
0.0
Debt coverage ratio
1.29
1.33
222,851
(unleveraged) 229,095
0.0
1.37
235,518
0.0
1.41
242,124
1,386,408
1,628,532


0
Cost
Savings before debt222,851
service
172,130
Savings after debt$50,721
service
Financial Measures
Cumulative pre-debt
921,795
savings
1,150,890
11/09/2016

CALCULATIONS
TOU TARIFFS
Incremental Energy Savings 2026
with ECMs on TOU
2027
Tariffs:
Degradation Factor
0.8%
0.8%
0.88from Start Year0.87
Electricity:
Usage (kWh)
Summer on-peak
87,940
87,237
Summer part-peak
87,940
87,237
Summer off-peak
175,880
174,473
Winter peak
0
0
Winter part-peak
43,970
43,618
Winter off-peak
87,940
87,237
_______
_______
Total
483,670
479,801
Demand (kW)
Max demand (summer
500 & winter, avg500
mo.)
Summer peak (avg
500
mo.)
500
Summer part-peak
400
(avg mo.)
400
Summer off-peak 500
(avg. mo.)
500
0
0
Winter part-peak 250
(avg mo.)
250
Winter off-peak (avg.
250 mo.)
250
2028
0.8%
0.87
2029
0.8%
0.86
86,539
86,539
173,077
0
43,269
86,539
_______
475,963
85,846
85,846
171,693
0
42,923
85,846
_______
472,155
500
500
400
500
0
250
250
500
500
400
500
0
250
250
Electricity:
Summer on-peak
0.262
0.270
0.279
0.287
Summer part-peak
0.175
0.180
0.186
0.192
Summer off-peak
0.137
0.141
0.146
0.150
Winter peak 0.000
0.000
0.000
0.000
Winter part-peak
0.149
0.154
0.159
0.164
Winter off-peak0.130
0.134
0.138
0.142
Demand ($/kW-mo)
Max demand (summer
11.191 & winter, 11.538
avg mo.)
11.896
12.264
Summer peak 20.651
21.292
21.952
22.632
Summer part-peak
4.688
4.833
4.983
5.138
Summer off-peak
0.000
0.000
0.000
0.000
Winter peak 11.191
11.538
11.896
12.264
Winter part-peak1.311
1.351
1.393
1.436
0.000
0.000
0.000
NON TOU TARIFFS

Summer
0
0
Winter
0
0
Total
0
0
Summer
0
0
Winter
0
0
0
0
0
0
0
0
0
0
0
0
11/09/2016

Summer
0.0000
0.0000
0.0000
0.0000
Winter
0.0000
0.0000
0.0000
0.0000
Summer
0.0000
0.0000
0.0000
0.0000
Winter
0.0000
0.0000
0.0000
0.0000
Reduction in electric demand costs
0
costs
11/09/2016

Natural gas (Th)
0
Natural gas (burner-tip, $/Th)0.00
0
0.00
0
0.00
0
0.00
ECM Debt Service Schedule:2026

Repayment flag
1
Opening balance
610,365
Principal repaid
141,612
Interest paid
30,518
Total repayment 172,130
2027
1
468,753
148,693
23,438
172,130
2028
1
320,061
156,127
16,003
172,130
2029
1
163,934
163,934
8,197
172,130
10,202,798 Total kWh saved, transferred

483,670
to "project Analysis"
479,801
475,963
472,155
11/09/2016

ANNUAL ECM CASHFLOW
2030
0
0
2031
0
0
2032
0
0
2033
0
0
2034
0
0
2035
0
0
2036
0
0
2037
0
0
2038
0
0
Reduction in natural gas costs 0

0
Reduction in electricity demand0costs

0
Analysis year
Analysis flag

ECM Operating Costs
Other ECM Costs

0
Cost

0
$0
$0
$0
$0
$0
$0
$0
$0
0.0
n/a
0
0.0
n/a
0
0.0
n/a
0
0.0
n/a
0
0.0
n/a
0
0.0
n/a
0
0.0
n/a
0
0.0
n/a
0
1,628,532
1,628,532
###
###
###
###
###
###


$0
Financial Measures
Payback period
0.0
Debt coverage ratio
n/a
0
Cumulative pre-debt
1,628,532
savings
11/09/2016

CALCULATIONS
TOU TARIFFS
Incremental Energy Savings 2030
with ECMs on TOU
2031
Tariffs:
Degradation Factor
0.8%
0.8%
0.85from Start Year0.84
Electricity:
Usage (kWh)
Summer on-peak 0
0
Summer part-peak 0
0
Summer off-peak 0
0
Winter peak
0
0
Winter part-peak 0
0
Winter off-peak
0
0
_______
_______
Total
0
0
Demand (kW)
Max demand (summer
0 & winter, avg mo.)
0
Summer peak (avg mo.)
0
0
Summer part-peak (avg
0 mo.)
0
Summer off-peak (avg.
0 mo.)
0
0
0
Winter part-peak (avg
0 mo.)
0
Winter off-peak (avg.
0 mo.)
0
2032
0.8%
0.84
2033
0.8%
0.83
2034
0.8%
0.82
2035
0.8%
0.82
2036
0.8%
0.81
2037
0.8%
0.81
2038
0.8%
0.80
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
_______
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.345
0.230
0.180
0.000
0.196
0.171
0.356
0.237
0.186
0.000
0.203
0.176
0.367
0.245
0.192
0.000
0.209
0.182
0.378
0.252
0.198
0.000
0.215
0.188
14.730
27.182
6.171
0.000
14.730
1.725
0.000
15.187
28.024
6.362
0.000
15.187
1.779
0.000
15.657
28.893
6.559
0.000
15.657
1.834
0.000
16.143
29.789
6.762
0.000
16.143
1.891
0.000
Electricity:
Summer on-peak
0.296
0.305
0.315
0.325
0.335
Summer part-peak
0.198
0.204
0.210
0.217
0.223
Summer off-peak
0.155
0.160
0.165
0.170
0.175
Winter peak 0.000
0.000
0.000
0.000
0.000
Winter part-peak
0.169
0.174
0.179
0.185
0.191
0.151
0.156
0.161
0.166
Demand ($/kW-mo)
Max demand (summer
12.645 & winter, 13.037
avg mo.)
13.441
13.857
14.287
Summer peak 23.334
24.057
24.803
25.572
26.364
Summer part-peak
5.297
5.461
5.631
5.805
5.985
Summer off-peak
0.000
0.000
0.000
0.000
0.000
Winter peak 12.645
13.037
13.441
13.857
14.287
Winter part-peak
1.481
1.527
1.574
1.623
1.673
0.000
0.000
0.000
0.000
NON TOU TARIFFS

Summer
0
0
Winter
0
0
Total
0
0
Summer
0
0
Winter
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11/09/2016

Summer
0.0000
0.0000
0.0000
0.0000
0.0000
Winter
0.0000
0.0000
0.0000
0.0000
0.0000
Summer
0.0000
0.0000
0.0000
0.0000
0.0000
Winter
0.0000
0.0000
0.0000
0.0000
0.0000
Reduction in electric demand costs
0
costs
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
0.0000
11/09/2016

Natural gas (Th)
0
Natural gas (burner-tip, $/Th)0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
0.00
ECM Debt Service Schedule:2030

Repayment flag
0
Opening balance
0
Principal repaid
0
Interest paid
0
Total repayment
0
2031
0
0
0
0
0
2032
0
0
0
0
0
2033
0
0
0
0
0
2034
0
0
0
0
0
2035
0
0
0
0
0
2036
0
0
0
0
0
2037
0
0
0
0
0
2038
0
0
0
0
0
10,202,798 Total kWh saved, transferred to "project

0
Analysis"0
11/09/2016
Energy Efficiency ECMs - Summary of Individual ECMs in Project

ECM Name
ANALYSIS SUMMARY
Energy Cost Savings
Solar PV
PV ($2009)
2010 - 2029
$2,187,000
$0
$2,187,000
($2,082,000)
$105,000
20-yr SUM
2010 - 2029
Energy Cost Savings

$3,773,700
$0
$3,773,700
($3,442,600)
$331,100
10,202,798
0
1st Year Only

2010
Energy Cost Savings

$143,500
$0
$143,500
($172,100)
($28,600)
550,000
500
Financial measures
Payback period (simple)
5.5%
12.7 yrs
14.9 yrs
0.83 min
1.10 avg
[1] NOTE: This payback value is calculated over the life of the ECM or
[2] NOTE: This payback value is based on the first year of operations or
0
0

ECM Name
ANALYSIS SUMMARY

Energy Cost Savings
Energy Cost Savings

Energy Cost Savings

Financial measures
10

ECM Name
ANALYSIS SUMMARY
11
12

Energy Cost Savings
Energy Cost Savings

Energy Cost Savings

Financial measures
13
14
15

ECM Name
ANALYSIS SUMMARY
16
17

Energy Cost Savings
Energy Cost Savings

Energy Cost Savings

Financial measures
18
19
20

ECM Name
ANALYSIS SUMMARY
21
22

Energy Cost Savings
Energy Cost Savings

Energy Cost Savings

Financial measures
23
24
25

ECM Name
ANALYSIS SUMMARY
Energy Cost Savings
Energy Cost Savings

Energy Cost Savings

Financial measures
Sensitivity of Project Savings to Real Increase (Decrease) in Electric and Gas Prices
Background inflation =
3.40%
Real escalation in electricity prices =
-0.30%
Real escalation in gas prices =
(Electric price or gas price escalation added to CPI: CPI not changed)
Nominal
Escalation
1.85%
2.10%
2.35%
2.60%
2.85%
3.10%
3.35%
3.60%
3.85%
4.10%
4.35%
Real Rate of
Escalation
-1.55%
-1.30%
-1.05%
-0.80%
-0.55%
-0.30%
-0.05%
0.20%
0.45%
0.70%
0.95%
NPV
Savings
15,400
32,300
49,600
67,600
86,000
105,000
124,500
144,700
165,400
186,700
208,700
Nominal
Savings
154,200
187,300
221,600
256,900
293,400
331,100
369,900
410,100
451,500
494,300
538,500
Payback
Period
13.024 yrs
12.953 yrs
12.882 yrs
12.810 yrs
12.739 yrs
12.669 yrs
12.598 yrs
12.528 yrs
12.458 yrs
12.388 yrs
12.319 yrs
Nominal Real Rate of

Escalation Escalation
3.38%
-0.02%
3.63%
0.23%
3.88%
0.48%
4.13%
0.73%
4.38%
0.98%
4.63%
1.23%
4.88%
1.48%
5.13%
1.73%
5.38%
1.98%
5.63%
2.23%
5.88%
2.48%
IMPORTANT NOTE: Do not change any of the numbers in this table. They are fixed based on DGS Inputs.
Table interval = 7.98%
n in gas prices =
1.23%
NPV
Savings
105,000
105,000
105,000
105,000
105,000
105,000
105,000
105,000
105,000
105,000
105,000
Nominal
Savings
331,100
331,100
331,100
331,100
331,100
331,100
331,100
331,100
331,100
331,100
331,100
Payback
Period
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
Table interval =
Yellow is Base Case
(Electric price or gas price escalation added to CPI: CPI not changed)
Background inflation CPI = 3.40%
Base Case Real Escalation in Electricity Prices =
-0.30%
Base Case Real Escalation in Gas Prices =
Sensitivity of Project Savings to Real Increase (Decrease) in Electric and Gas Prices
1.85%
2.10%
2.35%
2.60%
2.85%
0
3.35%
3.60%
3.85%
4.10%
4.35%
-1.55%
-1.30%
-1.05%
-0.80%
-0.55%
0
-0.05%
0.20%
0.45%
0.70%
0.95%
NPV
Savings
Nominal
Savings
Payback
Period
$15,400
$32,300
$49,600
$67,600
$86,000
105,000
$124,500
$144,700
$165,400
$186,700
$208,700
$154,200
$187,300
$221,600
$256,900
$293,400
331,100
$369,900
$410,100
$451,500
$494,300
$538,500
13.024 yrs
12.953 yrs
12.882 yrs
12.810 yrs
12.739 yrs
13
12.598 yrs
12.528 yrs
12.458 yrs
12.388 yrs
12.319 yrs

3.38%
3.63%
3.88%
4.13%
4.38%
0
4.88%
5.13%
5.38%
5.63%
5.88%
-0.02%
0.23%
0.48%
0.73%
0.98%
0
1.48%
1.73%
1.98%
2.23%
2.48%
NPV
Savings
Nominal
Savings
$105,000
$105,000
$105,000
$105,000
$105,000
105,000
$105,000
$105,000
$105,000
$105,000
$105,000
$331,100
$331,100
$331,100
$331,100
$331,100
331,100
$331,100
$331,100
$331,100
$331,100
$331,100
0.25%
Yellow is Base Case
1.23%
Payback
Period
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
13
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs
12.669 yrs

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Other Real Escalation Factors

Utility Electric rate escalation (added to inflation)

Photovoltaic degradation factor (per year)

NOTE: This value reflects the State's estimated Cost of Capital.

User Input Required

Electrical Tariff Data (Non-TOU)

Service Territory (Type PG&E, SCE or SDG&E)

Electrical Tariff Data (TOU)

Service Territory (Type PG&E, SCE or SDG&E)

Applicable electric retail tariff

Energy Rate ($/kWh) -Summer on-peak

Demand ($/kW-mo) -Max demand (summer & winter, avg mo.)

For SMUD "Max demand" equates to "Facilities Charge"

To run a single ECM or group of ECMs:

Step 2 -- Go to "Project Analysis" sheet and click "Accumulate Results" button.

List ECMs to Accumulate

II. General Assumptions

Enter the name of each ECM in this row

Base Year For Project including ECMs 1

(2) ECM "analysis period" may exceed the "useful life."

Generation Degradation Assumption

(1)This triggers PV degradation factor.

III. ECMs that Save Gas

Natural Gas Usage

Natural Gas Usage

The demand ratchet is assumed to be 12 months for analysis purposes.

For ECMs on TOU Tariffs: Skip rows 50 through 73 and go to Area

Non-TOU electricity ECMs can be entered in any column as long as

A. Data for Electrical ECMs on Non-TOU Tariffs

IV. ECMs That Save Electricity

1 Electrical Tariff Data (Non-TOU)

Select tariff number from Row 8 of Tariffs sheet

Electricity Usage (kWh)

B. Data for Electrical ECMs on TOU Tariffs

TOU electricity ECMs can be entered in any column as long as they

1 Electrical Tariff Data (TOU)

Select tariff number from Row 24 of Tariffs sheet

Electricity Usage- "Business as Usual"

Electricity Usage- ECM

Construction cost (1)

Number of months from date of loan closing to

Rebate (if applicable, enter as negative)

Input "Y" if you prefer to calculate capitalized interest

Amount of capitalized interest. (Enter this only if you

V. Capital Costs and Financing

Months from estimate to const. Start- to escalate

VI. O&M and Other Costs

Expenses Avoided by ECM (if any)

Routine annual O&M

B. Other Incremental Costs of ECM

NO user input below here.

Click to Run Clear Input Value Macro- Do not

"Business as "Business as "Business as "Business as "Business as "Business as

"Business as "Business as "Business as "Business as "Business as "Business as

For ECMs on TOU Tariffs Only

"Business as "Business as "Business as "Business as "Business as "Business as "Business as

"Business as "Business as "Business as "Business as "Business as "Business as "Business as