RFP Financing for Energy Performance Contract

Request for Proposal
Request for Proposal for Financing for Energy Performance Contract
October 21, 2026
Pikes Peak Library District (PPLD or District) is working with McKinstry Essention, LLC (McKinstry) to develop an
energy savings and facility improvement project to improve facility controls, lighting, water conservation systems,
and chiller replacement measures. PPLD has identified two project scopes, Option A and Option B. Option A is a
$6.3M project cost, with capital contribution of $1.5M and financing need of $4.7M. Option B is a total $8.5M
project cost with a capital contribution of $3.4M and financing need of $5.1M. Cash flows for Options A and B are
outlined in more details below. PPLD is requesting indications of interest by qualified banks and lenders to fund
the project.
This Request for Proposal is issued on behalf of PPLD. McKinstry Essention, LLC is assisting the District with the
solicitation and evaluation of financing proposals. PPLD retains sole authority for the selection and approval of any
financing agreement.
1) Borrowing entity:
Pikes Peak Library District (PPLD)
Kim Hoggatt, CFO
20 N. Cascade Avenue
Colorado Springs, CO 80903
PPLD provides library services across 2,070 square miles in El Paso County, the most populous county in
Colorado. There are 14 facilities and three mobile libraries covering the service area. The District owns ten
facilities, leases four facilities, and uses the mobile fleet to reach remote sites and special non-mobile
populations. All project work will be done on facilities owned by the District.
2) Financing Structure
PPLD is seeking proposals for a tax-exempt lease purchase agreement subject to annual appropriations of
funds. As mentioned above, the District is contemplating two Options.
Option A
a. Detailed scope: Facility controls and lighting upgrades, water conservation, and chiller
replacement measures for total project cost of $6,270,378. Please see accompanying
documentation "PPLD Option A" for detail on measures, location, savings, and costs.
b. Proposed size of financing need: $4,745,378.
c. Utility Rebates/Capital Contribution: The District will provide $1,525,000 out of capital funds, and
anticipates $127,800 in rebates.
Option B
a. Detailed scope: All scope included in Option A plus chiller replacement in two additional facilities
for total project cost of $8,535,732. Please see accompanying documentation "PPLD Option B"
for detail on measures, location, savings, and costs.
b. Proposed size of financing need: $5,101,732.
c. Utility Rebates/Capital Contribution: The District will provide $3,434,000 out of capital funds, and
anticipates $127,800 in rebates.
Options A & B
a. Desired closing date: Before end of December 2026. PPLD Board of Trustees meets November
18, 2026 for final project scope and financing approval.
b. Security offered: First lien on assets and annual appropriations.

Request for Proposal
c. Desired term: 19 years.
d. Desired structure: Payments sculpted to match cash flows.
e. Anticipated months of construction: 12 months of construction, commencing December 2026 or
January 2027.
f. Payment structure: Semi-annual payments.
g. Prepayment structure desired: The District does not anticipate prepayment of the lease
purchase. Please provide standard prepayment fee structure.
h. Please list other considerations your firm requires.
Response
a. Please respond by November 4, 2026 to Rachel Brombaugh via email at rachelb@mckinstry.com
and Kim Hoggatt at khoggatt@ppld.org and District Procurement at lsosa@ppld.org with an
indication of interest and proposed structure(s). Questions can be directed via email to the
contacts above.
b. All questions are due by October 28, 2026.
c. Responses to the questions will be posted online by October 30, 2026.
d. The District anticipates making a selection on or by November 11, 2026.
e. Please provide any other information that you would like to share regarding your firm's
qualifications and/or proposed lease structure.
Evaluation Criteria
Proposals will be evaluated based on the following criteria:
a. Proposed financing terms and conditions, including repayment structure, prepayment provisions,
and flexibility.
b. Interest rate and total cost of financing, including any applicable fees.
c. Lender qualifications and experience with public-sector financing.
d. Ability to meet the District's financing requirements and anticipated closing schedule.
e. Any other items deemed in the best interest of PPLD.
Proposal conditions:
a. PPLD shall not be responsible for any costs associated with development and response to this
Request for Proposal.
b. There shall be no oral or implied contract related to this Request for Proposal.
c. PPLD reserves the right to accept or reject any or all proposals, in whole or in part; waive minor
informalities or irregularities; request clarification or additional information; and select the
proposal determined to be in the best interest of the District.
McKinstry is not engaging as a financial or municipal advisor. McKinstry is assisting Pikes Peak Library District in
identifying potential financing alternatives for the proposed project. Pikes Peak Library District is the sole decision
maker in this process, and there is no assurance that financing will be pursued as a result of this proposal, although
it is the District's intent to secure financing for this project.
Sincerely,
Rachel Brombaugh
Director, Client Financial Solutions
McKinstry
5005 3rd Avenue S, Seattle, WA 98134

Option A $6.3M
ECM Facility Description Cost S T a o v ta in l g U s t i ( l $ it ) y O&M ( S $ a ) vings Rebates ($) S T a o v t in a g l s C o ($ st )
Replace existing chiller "CH-1" at 21C Library with new air-
21C Chiller Replacement 21C cooled chiller. Integrate new chiller into the Building
Automation System. $ 381,669 $ 2,967 $ 12,945 $ - $ 15,912
Install Variable Frequency Drives (VFDs) on hot water
21C Install Hot Water Pump VFDs 21C pumps to provide variable flow pumping to reduce energy
use during part load conditions. $ 9,079 $ 1,202 $ - $ - $ 1,202
Air sealing, weather stripping, and weatherization measures
PPLD Building Envelope
PPLD to reduce infiltration through the building envelope and
Improvements
improve occupant comfort. $ 127,648 $ 8,252 $ - $ - $ 8,252
PPLD Domestic Water Replace and recommission flush valve kits on toilets and
PPLD
Infrastructure Upgrades urinals. Install flow restriction devices on sinks.
$ 72,056 $ 5,525 $ 404 $ - $ 5,929
Upgrade existing controls system and convert from
pneumatic controls to DDC. Also, replace pneumatic
control valves, integrate controls into a new BAS system,
21C Controls Upgrade 21C
install VFDs on AHU fans, install VAV conversion kits on VAV
boxes with pneumatic valves, and perform RCx controls
optimization measures. $ 412,062 $ 820 $ - $ 37,600 $ 820
Upgrade existing controls system and convert from
pneumatic controls to DDC. Also, integrate controls into a
PE Controls Upgrade PE
new BAS system, replace pneumatic control valves, and
perform RCx controls optimization measures.
$ 556,310 $ - $ - $ 5,200 $ -
Replace CO2 sensors to ensure proper regulation of
EA CO2 Controllers EA
ventilation air. $ 10,100 $ - $ - $ - $ -
Utilize the current BACnet system and integrate to new BAS
front end that contains 21C, Penrose and the smaller
EA Controls Integration EA libraries slated to be retrofitted with network thermostats.
Implement controls optimization items identified in RCx
study.
$ 53,816 $ - $ - $ 27,450 $ -
Upgrade/replace VAV boxes that have obsolete pneumatic
21C VAV Box Conversion Kits 21C
control valves. $ 265,000 $ - $ - $ - $ -
Install VFDs on AHU fans that currently have inlet guide
21C
21C Install Fan VFDs vanes. $ 9,079 $ - $ - $ - $ -
Install and commission a BAS server for central storage of
PPLD BAS Server PPLD
data and trends. $ - $ - $ - $ - $ -
Install network thermostats in smaller facilities to allow for
PPLD Network Smart Thermostats PPLD remote control, scheduling and monitoring of HVAC
systems. Includes relocation of thermostats at Ute Pass.
$ 77,333 $ - $ - $ - $ -
Test and balance airside & waterside equipment to ensure
21C Test and Balance 21C
proper flow rates as per design intent. $ 132,654 $ - $ - $ - $ -
Test and balance airside & waterside equipment to ensure
PE Test and Balance PE proper flow rates as per design intent. Investigate chilled
water flow issues at Penrose complex.
$ 101,455 $ - $ - $ - $ -
Optimization of control systems to reduce energy use and
21C RCx 21C
ensure building systems operate as intended.
$ 36,508 $ 19,882 $ - $ 22,050 $ 19,882
Optimization of control systems to reduce energy use and
EA RCx EA
ensure building systems operate as intended.
$ 45,608 $ 12,888 $ - $ 17,900 $ 12,888
Optimization of control systems to reduce energy use and
PE RCx PE
ensure building systems operate as intended.
$ 41,720 $ 13,622 $ - $ 16,000 $ 13,622
Upgrade existing irrigation controllers to have remote access
21C Smart Irrigation Controls 21C
and smart capabilities with evapotranspiration control.
$ 1,373 $ 2,554 $ - $ - $ 2,554
Replace existing irrigation controller with a model that has
EA Smart Irrigation Controls EA remote access and smart capabilities with
evapotranspiration control. $ 3,143 $ 3,027 $ - $ 400 $ 3,027
Replace/upgrade 3 existing irrigation controllers to have
PE Smart Irrigation Controls PE remote access and smart capabilities with
evapotranspiration control. $ 4,463 $ 699 $ - $ 1,200 $ 699
Replace existing non-LED lamps/fixtures with new LED
PPLD LED Lighting Upgrades PPLD
Lamps/Fixtures. Evaluate spaces for under or over lit areas.
$ 873,669 $ 104,925 $ 15,981 $ - $ 120,907
Additional lighting scope measures to address specific
problematic areas, including removal of difficult-to-service
PPLD Lighting Add Alt PPLD
fixtures, increase of lamp wattages in dim areas, and
installation of additional fixtures and controls.
$ 120,564 $ 167 $ 27 $ - $ 194
Project Cost $ 6 ,270,378 $ 1 67,703 $ 29,357 $ 1 27,800 $ 1 97,061
Date Printed 10/19/2026 PPLD Table 4-2 v 2026-10-07 Fin RFP Opt 3-Opt 2+21C Chiller

Pikes Peak Library District
Energy Performance Contract Cash Flow
General Inputs Annual Savings Annual Costs Financed Project Cash Flow Analysis
Year Net Total
EPC Project Total (Includes IGA Fee) $ 6,270,378 (yr 0 = 2027) Total Utilities O&M Total Savings M&V Costs Savings Interest Payment Principal Principal & PPLD Annual Other PPLD Loan Balance Annual Cash Flow
PPLD Capital $ 1,525,000 Payment Interest Payment Contribution Funding
PPLD Financed Amount $ 4 ,745,378 0 $ 1 09,678 $ - $ 109,678 $ - $ 109,678 $0 ($109,678) $0 $ - $ 1 ,525,000 $ 4 ,635,700 $ ( 1,525,000)
Inflation Reduction Act (IRA) Benefit $ - 1 $ 1 99,248 $ 32,366 $ 231,615 $ ( 16,770) $ 214,844 ($231,785) $16,942 ($214,843) $ - $ 127,800 $ 4 ,524,842 $ 1 27,801
Grants (DOLA etc.) $ - 2 $ 2 17,181 $ 33,985 $ 251,165 $ ( 17,273) $ 233,892 ($226,242) ($7,649) ($233,891) $ - $ - $ 4 ,517,193 $ 1
CO GETCO Tax Credit $ - 3 $ 2 36,727 $ 35,684 $ 272,411 $ ( 17,792) $ 254,619 ($225,860) ($28,759) ($254,618) $ - $ 4 ,488,434 $ 1
Net Project Cost (after incentives & buydowns) $ 6,270,378 4 $ 2 58,033 $ 37,468 $ 295,501 $ - $ 295,501 ($224,422) ($71,078) ($295,500) $ - $ 4 ,417,357 $ 1
Rebates $ 127,800 5 $ 2 70,934 $ 39,341 $ 310,276 $ - $ 310,276 ($220,868) ($89,407) ($310,275) $ - $ 4 ,327,950 $ 1
Other Capital Funding (full term) $ - 6 $ 2 84,481 $ 41,308 $ 325,789 $ - $ 325,789 ($216,397) ($109,391) ($325,788) $ - $ 4 ,218,559 $ 1
Current Unfunded Amount $ - 7 $ 2 98,705 $ 43,374 $ 342,079 $ - $ 342,079 ($210,928) ($131,150) ($342,078) $ - $ 4 ,087,409 $ 1
Years of Analysis 19 8 $ 3 13,640 $ 45,543 $ 359,183 $ - $ 359,183 ($204,370) ($154,811) ($359,182) $ - $ 3 ,932,598 $ 1
Finance Term (Yrs) 19 9 $ 3 29,322 $ 47,820 $ 377,142 $ - $ 377,142 ($196,630) ($180,511) ($377,141) $ - $ 3 ,752,087 $ 1
Payment Type Stepped 10 $ 345,788 $ 50,211 $ 395,999 $ - $ 395,999 ($187,604) ($208,394) ($395,998) $ - $ 3 ,543,693 $ 1
Interest Rate 5.00% 11 $ 363,078 $ 52,721 $ 415,799 $ - $ 415,799 ($177,185) ($238,613) ($415,798) $ - $ 3 ,305,080 $ 1
12 $ 3 81,232 $ 55,357 $ 436,589 $ - $ 436,589 ($165,254) ($271,334) ($436,588) $ - $ 3 ,033,746 $ 1
Annual Savings (2026 basis) 13 $ 4 00,293 $ 58,125 $ 458,418 $ - $ 458,418 ($151,687) ($306,730) ($458,417) $ - $ 2 ,727,016 $ 1
Baseline Utility Spend $ 6 50,000 14 $ 4 20,308 $ 61,031 $ 481,339 $ - $ 481,339 ($136,351) ($344,987) ($481,338) $ - $ 2 ,382,029 $ 1
Total Project Utility Savings $ 1 67,703 15 $ 4 41,323 $ 64,083 $ 505,406 $ - $ 505,406 ($119,101) ($386,304) ($505,405) $ - $ 1 ,995,725 $ 1
$ - 16 $ 4 63,389 $ 67,287 $ 530,677 $ - $ 530,677 ($99,786) ($430,889) ($530,676) $ - $ 1 ,564,835 $ 1
$ - 17 $ 4 86,559 $ 70,652 $ 557,210 $ - $ 557,210 ($78,242) ($478,968) ($557,209) $ - $ 1 ,085,868 $ 1
Years of Energy Savings 19 18 $ 5 10,887 $ 74,184 $ 585,071 $ - $ 585,071 ($54,293) ($530,776) ($585,070) $ - $ 555,091 $ 1
$ - 19 $ 5 36,431 $ 77,893 $ 614,324 $ - $ 614,324 ($27,755) ($555,091) ($582,846) $ - $ - $ 3 1,478
20 $ - $ - $0 $ -
Tons of Carbon Saved - 21 $ -
O&M (Avoided material replacement costs etc.) $ 2 9,357 22 $ -
Yrs of Annual Capital Cont./Capital Cost Avoidance 19 23 $ -
$ - 24 $ -
25 $ -
Service Costs 26 $ -
O&M Cost (Annual Allowance) $ - 27 $ -
$ - 28 $ -
1 29 $ -
Misc. Service Costs (non-PV) $0 30 $ -
Misc. Service Costs Term (yrs) 0 Totals $6,757,559 $988,434 $7,745,993 $ (51,835) $7,694,157 ($3,154,761) ($4,507,900) ($7,662,661) $ - $ 1,652,800 $ (1,365,704)
Notes:
Measurement & Verification
Year 1 M&V Cost $ 1 6,770
Year 2 M&V Cost $ 1 7,273
Year 3 M&V Cost $ 1 7,792
M&V Escalation Rate 3.0%
M&V End Year 3
PV Specific
Energy & Incentive Value $ - Escalation Rates
Yrs of Incentives 0 Year Switch - 5
DC kW Installed Total 0 Years 0-5 >5
Inverter Material Replacement Cost (2025) $ - Electric Utility Cost 9.00% 5.00%
Estimated Inverter Replacement Interval 50 Natural Gas 9.00% 5.00%
Yrs of 3rd Party PV O&M * 20 Water/Sewer 9.00% 5.00%
Avoided Capital 4.00% 4.00%
powerED savings (INCLUDED ABOVE) Annual PV Degradation -0.50% N/A
powerED measure name RCx + AEM O&M Costs/Savings 5.00% 5.00%
First Year powerED savings % 0% PV Annual O&M Cost 0.00% 3.00%
Electric $0 PV Inverter Replacement Cost (Equipment) 0.00% N/A
Natural Gas $0 PV Data Acquisition System Cost 0.00% N/A
Water & Sewer $0 O&M Savings Last Year 25 N/A
Confidential and Proprietary
Date Printed 10/19/2026 Opt 3-Proforma PPLD Table 4-2 v 2026-10-07 Fin RFP

Option B $8.5M
ECM Facility Description Cost S T a o v ta in l g U s t i ( li $ ty ) O&M ( S $ a ) vings Rebates ($) S T a o v t in al g s C o ( s $ t )
Replace existing chiller "CH-1" at 21C Library with new air-
21C Chiller Replacement 21C cooled chiller. Integrate new chiller into the Building
Automation System. $ 381,669 $ 2,967 $ 12,945 $ - $ 15,912
Replace existing air-cooled chiller at East Library with new
EA Chiller Replacement EA air-cooled chiller. Integrate new chiller into the Building
Automation System. $ 366,420 $ 4,080 $ 3,132 $ - $ 7,212
Replace the existing water-cooled chiller with a new
modular water-cooled model. Integrate new chiller into the
PE Chiller Replacement PE
Building Automation System. Also, replace 3 existing
chilled water pumps and 1 existing condenser water pump.
$ 838,555 $ 602 $ 10,144 $ - $ 10,747
Install Variable Frequency Drives (VFDs) on hot water
21C Install Hot Water Pump
21C pumps to provide variable flow pumping to reduce energy
VFDs
use during part load conditions. $ 9,079 $ 1,202 $ - $ - $ 1,202
Air sealing, weather stripping, and weatherization
PPLD Building Envelope
PPLD measures to reduce infiltration through the building
Improvements
envelope and improve occupant comfort. $ 127,648 $ 8,252 $ - $ - $ 8,252
PPLD Domestic Water Replace and recommission flush valve kits on toilets and
PPLD
Infrastructure Upgrades urinals. Install flow restriction devices on sinks. $ 72,056 $ 5,525 $ 404 $ - $ 5,929
Upgrade existing controls system and convert from
pneumatic controls to DDC. Also, replace pneumatic
control valves, integrate controls into a new BAS system,
21C Controls Upgrade 21C
install VFDs on AHU fans, install VAV conversion kits on
VAV boxes with pneumatic valves, and perform RCx
controls optimization measures.
$ 412,062 $ 820 $ - $ 37,600 $ 820
Upgrade existing controls system and convert from
pneumatic controls to DDC. Also, integrate controls into a
PE Controls Upgrade PE
new BAS system, replace pneumatic control valves, and
perform RCx controls optimization measures.
$ 556,310 $ - $ - $ 5,200 $ -
Replace CO2 sensors to ensure proper regulation of
EA CO2 Controllers EA
ventilation air.
$ 10,100 $ - $ - $ - $ -
Utilize the current BACnet system and integrate to new
BAS front end that contains 21C, Penrose and the smaller
EA Controls Integration EA libraries slated to be retrofitted with network thermostats.
Implement controls optimization items identified in RCx
study. $ 53,816 $ - $ - $ 27,450 $ -
21C VAV Box Conversion Upgrade/replace VAV boxes that have obsolete pneumatic
21C
Kits control valves. $ 265,000 $ - $ - $ - $ -
Install VFDs on AHU fans that currently have inlet guide
21C
21C Install Fan VFDs vanes. $ 9,079 $ - $ - $ - $ -
Install and commission a BAS server for central storage of
PPLD BAS Server PPLD
data and trends. $ - $ - $ - $ - $ -
Install network thermostats in smaller facilities to allow for
PPLD Network Smart
PPLD remote control, scheduling and monitoring of HVAC
Thermostats
systems. Includes relocation of thermostats at Ute Pass.
$ 77,333 $ - $ - $ - $ -
Test and balance airside & waterside equipment to ensure
21C Test and Balance 21C
proper flow rates as per design intent. $ 132,654 $ - $ - $ - $ -
Test and balance airside & waterside equipment to ensure
PE Test and Balance PE proper flow rates as per design intent. Investigate chilled
water flow issues at Penrose complex.
$ 101,455 $ - $ - $ - $ -
Optimization of control systems to reduce energy use and
21C RCx 21C
ensure building systems operate as intended.
$ 36,508 $ 19,882 $ - $ 22,050 $ 19,882
Optimization of control systems to reduce energy use and
EA RCx EA
ensure building systems operate as intended.
$ 45,608 $ 12,888 $ - $ 17,900 $ 12,888
Optimization of control systems to reduce energy use and
PE RCx PE
ensure building systems operate as intended.
$ 41,720 $ 13,622 $ - $ 16,000 $ 13,622
Upgrade existing irrigation controllers to have remote
21C Smart Irrigation
21C access and smart capabilities with evapotranspiration
Controls
control. $ 1,373 $ 2,554 $ - $ - $ 2,554
Replace existing irrigation controller with a model that has
EA Smart Irrigation Controls EA remote access and smart capabilities with
evapotranspiration control. $ 3,143 $ 3,027 $ - $ 400 $ 3,027
Replace/upgrade 3 existing irrigation controllers to have
PE Smart Irrigation Controls PE remote access and smart capabilities with
evapotranspiration control. $ 4,463 $ 699 $ - $ 1,200 $ 699
Replace existing non-LED lamps/fixtures with new LED
PPLD LED Lighting Upgrades PPLD Lamps/Fixtures. Evaluate spaces for under or over lit
areas. $ 873,669 $ 104,925 $ 15,981 $ - $ 120,907
Additional lighting scope measures to address specific
problematic areas, including removal of difficult-to-service
PPLD Lighting Add Alt PPLD
fixtures, increase of lamp wattages in dim areas, and
installation of additional fixtures and controls.
$ 120,564 $ 167 $ 27 $ - $ 194
Project Costs $ 8,535,732 $ 172,151 $ 42,633 $ 214,785
Date Printed - 10/19/2026 PPLD Table 4-2 v 2026-10-07 Fin RFP Opt 4-Custom

Pikes Peak Library District
Energy Performance Contract Cash Flow
General Inputs Annual Savings Annual Costs Financed Project Cash Flow Analysis
Year Net Total
EPC Project Total (Includes IGA Fee) $ 8,535,732 (yr 0 = 2027) Total Utilities O&M Total Savings M&V Costs Savings Interest Payment Principal Principal & PPLD Annual Other PPLD Loan Balance Annual Cash Flow
PPLD Capital $ 3,434,000 Payment Interest Payment Contribution Funding
PPLD Financed Amount $ 5 ,101,732 0 $ 1 12,587 $ - $ 1 12,587 $ - $ 112,587 $0 ($112,587) $0 $ - $ 3 ,434,000 $ 4 ,989,145 $ ( 3,434,000)
Inflation Reduction Act (IRA) Benefit $ - 1 $ 2 04,533 $ 47,003 $ 2 51,536 $ ( 17,215) $ 234,321 ($249,457) $15,137 ($234,320) $ - $ 127,800 $ 4 ,876,482 $ 1 27,801
Grants (DOLA etc.) $ - 2 $ 2 22,941 $ 49,354 $ 2 72,294 $ ( 17,732) $ 254,563 ($243,824) ($10,738) ($254,562) $ - $ - $ 4 ,865,744 $ 1
CO GETCO Tax Credit $ - 3 $ 2 43,006 $ 51,821 $ 2 94,827 $ ( 18,264) $ 276,563 ($243,287) ($33,275) ($276,562) $ - $ 4 ,832,469 $ 1
Net Project Cost (after incentives & buydowns) $ 8,535,732 4 $ 2 64,876 $ 54,412 $ 3 19,288 $ - $ 319,288 ($241,623) ($77,664) ($319,287) $ - $ 4 ,754,805 $ 1
Rebates $ 127,800 5 $ 2 78,120 $ 57,133 $ 3 35,253 $ - $ 335,253 ($237,740) ($97,512) ($335,252) $ - $ 4 ,657,294 $ 1
Other Capital Funding (full term) $ - 6 $ 2 92,026 $ 59,990 $ 3 52,015 $ - $ 352,015 ($232,865) ($119,150) ($352,014) $ - $ 4 ,538,144 $ 1
Current Unfunded Amount $ - 7 $ 3 06,627 $ 62,989 $ 3 69,616 $ - $ 369,616 ($226,907) ($142,708) ($369,615) $ - $ 4 ,395,436 $ 1
Years of Analysis 19 8 $ 3 21,959 $ 66,138 $ 3 88,097 $ - $ 388,097 ($219,772) ($168,324) ($388,096) $ - $ 4 ,227,111 $ 1
Finance Term (Yrs) 19 9 $ 3 38,057 $ 69,445 $ 4 07,502 $ - $ 407,502 ($211,356) ($196,145) ($407,501) $ - $ 4 ,030,966 $ 1
Payment Type Stepped 10 $ 354,959 $ 72,918 $ 4 27,877 $ - $ 427,877 ($201,548) ($226,328) ($427,876) $ - $ 3 ,804,638 $ 1
Interest Rate 5.00% 11 $ 372,707 $ 76,563 $ 4 49,271 $ - $ 449,271 ($190,232) ($259,038) ($449,270) $ - $ 3 ,545,600 $ 1
12 $ 3 91,343 $ 80,392 $ 4 71,734 $ - $ 471,734 ($177,280) ($294,453) ($471,733) $ - $ 3 ,251,147 $ 1
Annual Savings (2026 basis) 13 $ 4 10,910 $ 84,411 $ 4 95,321 $ - $ 495,321 ($162,557) ($332,763) ($495,320) $ - $ 2 ,918,384 $ 1
Baseline Utility Spend $ 6 50,000 14 $ 4 31,455 $ 88,632 $ 5 20,087 $ - $ 520,087 ($145,919) ($374,167) ($520,086) $ - $ 2 ,544,217 $ 1
Total Project Utility Savings $ 1 72,151 15 $ 4 53,028 $ 93,063 $ 5 46,092 $ - $ 546,092 ($127,211) ($418,880) ($546,091) $ - $ 2 ,125,338 $ 1
$ - 16 $ 4 75,680 $ 97,717 $ 5 73,396 $ - $ 573,396 ($106,267) ($467,128) ($573,395) $ - $ 1 ,658,209 $ 1
$ - 17 $ 4 99,464 $ 1 02,602 $ 6 02,066 $ - $ 602,066 ($82,910) ($519,154) ($602,065) $ - $ 1 ,139,055 $ 1
Years of Energy Savings 19 18 $ 5 24,437 $ 1 07,733 $ 6 32,169 $ - $ 632,169 ($56,953) ($575,215) ($632,168) $ - $ 563,839 $ 1
$ - 19 $ 5 50,659 $ 1 13,119 $ 6 63,778 $ - $ 663,778 ($28,192) ($563,839) ($592,031) $ - $ - $ 7 1,746
20 $ - $ - $0 $ -
Tons of Carbon Saved - 21 $ -
O&M (Avoided material replacement costs etc.) $ 4 2,633 22 $ -
Yrs of Annual Capital Cont./Capital Cost Avoidance 19 23 $ -
$ - 24 $ -
25 $ -
Service Costs 26 $ -
O&M Cost (Annual Allowance) $ - 27 $ -
$ - 28 $ -
1 29 $ -
Misc. Service Costs (non-PV) $0 30 $ -
Misc. Service Costs Term (yrs) 0 Totals $6,936,785 $1,435,435 $8,372,221 $ (53,210) $8,319,011 ($3,385,901) ($4,861,345) ($8,247,246) $ - $ 3,561,800 $ (3,234,436)
Notes:
Measurement & Verification
Year 1 M&V Cost $ 1 7,215
Year 2 M&V Cost $ 1 7,732
Year 3 M&V Cost $ 1 8,264
M&V Escalation Rate 3.0%
M&V End Year 3
PV Specific
Energy & Incentive Value $ - Escalation Rates
Yrs of Incentives 0 Year Switch - 5
DC kW Installed Total 0 Years 0-5 >5
Inverter Material Replacement Cost (2025) $ - Electric Utility Cost 9.00% 5.00%
Estimated Inverter Replacement Interval 50 Natural Gas 9.00% 5.00%
Yrs of 3rd Party PV O&M * 20 Water/Sewer 9.00% 5.00%
Avoided Capital 4.00% 4.00%
powerED savings (INCLUDED ABOVE) Annual PV Degradation -0.50% N/A
powerED measure name RCx + AEM O&M Costs/Savings 5.00% 5.00%
First Year powerED savings % 0% PV Annual O&M Cost 0.00% 3.00%
Electric $0 PV Inverter Replacement Cost (Equipment) 0.00% N/A
Natural Gas $0 PV Data Acquisition System Cost 0.00% N/A
Water & Sewer $0 O&M Savings Last Year 25 N/A
Confidential and Proprietary
Date Printed 10/19/2026 Opt 4-Proforma PPLD Table 4-2 v 2026-10-07 Fin RFP