Xcel Energy Inc. · NASDAQ:XEL
Xcel Energy — Solarflow Energy — Corporate Update (January 2011)
14 slides from Xcel Energy's corporate update, Jan 11, 2011
Slide 1: Solarflow Energy: Presentation to RDF Board
Solarflow Energy Presentation to RDF Board January 11, 2011 Seward Co-op Installation Minneapolis, MN 32.2 kW
Slide 2: Goals of the RDF-funded project
Goals of the RDF-funded project To demonstrate the commercial viability of providing solar-generated electricity to homes and small businesses based on a leasing model In addition, the project will provide distributed residential solar energy through rooftop-mounted photovoltaic solar panels The imp
Slide 3: Completed Solar Installations: 280 KW
Completed Solar Installations: 280 KW Time-lapse video of a residential solar installation http://www.youtube.com/watch?v=viEpFOECW6E&feature=mfu_in_order&list=UL Time-lapse video of a business solar installation http://www.youtube.com/watch?v=TzdzZiWkXBo&feature=mfu_in_order&list=UL
Slide 4: Solar leasing Pilot Project Installations
Solar leasing Pilot Project Installations Address: Size kW: 3xxx Evergreen Lane, Plymouth, MN 55441 7.200 5xxx Birchcrest Drive, Edina, MN 55436 5.625 1xxx Grantham Street, St. Paul, MN 55108 2.700 1xxx E 86th Street, Bloomington, MN 55425 2.700 Average residential 3xxx E 25th Street, Minneapolis, M
Slide 5: Budget and Schedule
Budget and Schedule The contracted budget was $2,460,429 Actual cost was $2,266,092, which is equivalent to a cost of $8.09 per watt installed and managed under leasing Clearly, the costs were different for residential vs. commercial installations, and the above average cost also includes the overhe
Slide 6: Findings on price sensitivity
Findings on price sensitivity COMMERCIAL PRICING: Pricing Model A – Solar lease pricing matches electricity costs for the first five years, and subsequently the price is fixed for the remaining 13 years of the lease, presumably offering savings to the customers as electricity rises with inflation Pr
Slide 7: Technology
Process Analysis and Technology Our proprietary Solar Asset Lifecycle Management System, SolarflowSM, minimizes cost and increases the quality of delivery and maintenance Using the latest technology, we are able to monitor the real-time output of each installation ensuring quality performance
Slide 8: Solar Electricity Production
Solar Electricity Production Your Lifetime Production is Equivalent to… 105 Trees Planted 461 Gallons of Gasoline Saved
Slide 9: Project Benefits
Project Benefits Demonstration of the viability of ‘solar-as-a- service’: positive feedback provided by the Customer Survey Delivery of 280KW of generating capacity – COMPLETED! Green job generation – Six full time positions have been created, plus anywhere between two to six additional hourly posit
Slide 10: Lessons Learned From the Solar Leasing Pilot Project
Lessons Learned From the Solar Leasing Pilot Project The leasing proposition is VERY desirable to consumers and business owners – the pricing however needs to compete with electricity costs Process controls for delivery and procurement are key to cost optimization and predictability – and they are N
Slide 11: Moving forward: MN Solar Incentives
Moving forward: MN Solar Incentives Xcel Energy – Solar Rewards Program MN-made rebate program Section 1603 grant-in-lieu of Investment Tax Credit PACE Financing (Property Assessed Clean Energy) 100% exemption from real property taxes 100% exemption from MN sales taxes
Slide 12: What now? What is the solar economic potential in MN?
What now? What is the solar economic potential in MN? Net Generation (MWh/mo) Total 4,000,000 3,500,000 Coal 3,000,000 2,500,000 2,000,000 1,500,000 Renewable 1,000,000 Solar 500,000 0
Slide 13: Solar future - More context
Solar future - More context According to the NREL, Minneapolis has the 4th highest potential of annual rooftop solar power generation of any city in the United States 1 Solar rooftop panels could account for 10% of the state’s energy generation if 25% of Minnesota’s single family houses adopted the
Slide 14: Recommendation: work with Xcel Energy
Current status of Solar Leasing; not allowed by current Xcel Energy regulations. Recommendation: work with Xcel Energy to find a way to continue solar leasing in Minnesota Thank you