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Page 16 of 21 <br /> <br />directed back into our core mission of providing high-quality water, wastewater and reclaimed- <br />water services at affordable rates. <br /> <br />25. Does your project accelerate or expand on existing programs that already show positive impact? <br /> <br />This project will more than double OWASA’s solar portfolio. After we install the three solar projects <br />this year, OWASA will have 308 kW DC solar generation. Adding Cane Creek will add an additional <br />352.4 kW DC of clean energy capacity. <br /> <br />This project tops off significant investment in energy efficiency and energy conservation at OWASA <br />as part of the utility’s commitment to reduce purchased electricity use by 35% from a FY 2010 <br />baseline by FY2022. The Cane Creek Reservoir solar project will put the utility across the finish line, <br />allowing OWASA to achieve this goal for the community. <br /> <br />26. Does your project also take advantage of other funding sources? <br /> <br />As a not-for-profit entity, OWASA qualifies for a higher solar rebate from Duke Energy to put towards <br />the down payment on the system. The Cane Creek Reservoir Solar PV System will qualify for $75,000 <br />in solar rebates from Duke Energy. <br /> <br />Eagle Solar, and its investors, will monetize the appropriate tax benefits as the lessor of the system. <br />OWASA is indirectly benefiting from these benefits in the form of a lower lease payment as compared <br />to an outright purchase of a system. <br /> <br />OWASA rate payers funded the design and planning for the project ($20,000) and will cover the cost <br />of the lease payments ($27,000/year). Subsequently, the rate payers will benefit from lower <br />electricity costs over the life of the system, as well. <br /> <br />27. Would your proposed project help you to take advantage of funding from other sources besides this <br />grant in the future? <br /> <br />That is not likely. <br /> <br />28. Please describe any other aspect of your project that is relevant to the efficient use of grant funds. <br /> <br />OWASA has made significant investment in the development of the contract, as well as planning and <br />design for the solar PV system. OWASA has paid $20,000 towards the design of the system and <br />dedicated staff resources to bid the project out, work with ESL on design, and engage the community <br />about this project. <br /> <br />This contract has a clear method to measure impact and a contract that holds the lessor accountable <br />for solar PV production. <br /> <br />DocuSign Envelope ID: 6F2DEF91-DA4B-449D-8062-2F5319D9C9CC