Item 4.3 PowerPoint presented by staff at meetingAWARD OF
CONTRACT FOR THE
GROUND MOUNTED
PHOTOVOLTAIC
SYSTEM
FIRE STATION #3
BID NO. 17-010
Cash Purchase vs 25-Year PPA
Borrego Solar Systems, Inc.
LCOE
($/kWh)
Initial CostOperations &
Maintenance
Cumulative
Cash Flow
Cash Purchase0.0936$2,122,111$1,008,346$11,604,324
25-Year PPA 0.1015 $0 $0$10,048,941
Production & Bill Credits
Production
(kWh)
PPA CostBill Credits
First Year2,122,619$160,258$455,022
Lifetime50,000,310$4,087,555$15,512,365
Lifetime bill credits based on a 3% annual escalation of energy cost
Applying Bill Credits
City Facility 2015-16 Electrical Bill
Fire Station #3 $35,000
City Hall $200,000
Water Treatment Plant $130,000
Community Park $120,000
PW Operations $50,000
Bill credits cannot be applied to taxes, fees, surcharges, etc.
Discussion