Purchase vs. Lease Proposal Global Mission Church Purchase vs. Lease Proposal

Why Solar ? Cost of electricity increases each year Cost of going solar is affordable Helps the environment Lasts 50 years or more Utility companies pay a bounty for solar The real question is: Why Not?

Lease vs. Purchase Lease payments may start lower Lease: leasing entity is the Owner Rebates go to: the System Owner CSI varies from $0 to $0.40/watt PBI varies from $0 to $2.00/watt Fed Tax Credit: 30% of net system price Incentives go to: the System Owner

Lease vs. Purchase Current interest rates favor purchase Purchase: purchaser is owner Rebates go to: the System Owner CSI varies from $0 to $0.40/watt PBI varies from $0 to $2.00/watt Fed Tax Credit: 30% of net system price Incentives go to: the System Owner

Lease Example Lease competitor Payment starts low and increases Estimates $0.151/kWh for solar Estimates 86KW system Covers only 73% of use Unknown panels String/central inverter 25 year total savings $409K

Purchase Example Purchase Proposal Low monthly; fixed payment $0.165/kWh for solar 70KW system Covers 85% of use! 280 250W panels with 25 year warranty 280 Enphase micro-inverters with 25 year warranty 25 year total cost/savings $626K First five year savings: $100,587 Loan is assumable in the event of sale Immediate property value increase by total cost of system Most recent study published in the New York Times

Summary Comparison Lease More expensive 86 kWh = 73% ??? $2,907 first year savings 5-Year Savings $23K 25-year Savings $409K Purchase – Sun Smart Less Expensive 70 kwh = 85% !!! $17,972 first year savings plus PBI! ($15K) 5-Year savings $100K 25-Year Savings $626K

THE WINNER! PURCHASE CLEARLY WINS