2024-212-E-AMS-EMPOWERment-Solar on Peach

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Page 10 of 14 22. Please describe the location of the emissions reduction. Where would fossil fuels have been burned if not for your project? For projects creating electricity usage reductions, it can be difficult to determine the location of the power produced. Please feel free to state “Grid-tied electricity reduction” 23. Please describe any other aspect of your project that is relevant to the amount of emissions that it will reduce or avoid. Criterion 3 - Efficient use of Funds 1. Please estimate the impact of your project per grant dollar requested. This cost per unit of impact must reflect the total program budget divided by the total impact of the project described in this application. If the proposed project is new, please write N/A in the first column of the table below, and just fill out the second column. Actual Annual Project Costs (If your proposed project expands or accelerates an ongoing effort) Projected Project Costs Total Cost of Project Unit of Impact: Total # of tons of greenhouse gases reduced Cost Per Ton of GHG’s Reduced Unit of Impact: Total # of individuals served/benefitted Cost Per Individual Served/Benefitted Other Unit of Impact: Please describe here Cost Per Unit of Impact Other Unit of Impact: Please describe here Cost Per Unit of Impact (Please feel free to add rows if necessary to show any additional units of impact.) 24. Please describe any avoided financial costs or savings related to the project and over what period of time those costs will be avoided/reduced: Grid-tied electricity reduction Located in downtown Chapel Hill, on a bus route and within walking distance of The University of North Carolina and NC Memorial Hospital, the project will motivate community members to leverage public amenities available to them. For families that earn at or below 30% AMI, every area where there is an opportunity to save is critical. More importantly, the PEACH Apartments will have all electric appliances. This has dramatic positive health effects for the tenants of the apartment units, especially for young children. Moreover, the complex will be built to the ASHRAE 90.2 energy efficiency standards, underlining EmPOWERment’s desire to both decrease energy demand and increase the supply of clean energy. The PEACH Apartments exceed ASHRAE energy efficiency mandates by an average of 20%. In fact, the building envelope's energy efficiency exceeds ASHRAE mandates by 35-40%. The PEACH Apartment’s energy efficiency, paired with rooftop solar, will markedly reduce energy burdens and establish a new paradigm for low-income housing complexes across the state. $114,343 1,075 $106.36 156 $732.96 The two costs of our project are purchasing solar panels and the cost of installing them. The saving on the price will occur on the day of installation and will be one-time cost savings. By installing solar panels, we will generate clean and renewable energy and offset the need to purchase electricity from traditional sources. Over the project's lifespan, the residents will experience reduced electricity bills and potentially even generate excess electricity that can be sold back to the grid. It will save approximately every tenant $46 a month. EmPOWERment will pay the reduced energy bill from Duke Energy. They will then divide the energy bill cost amongst the ten apartment units and include the costs in monthly rent bills. The energy bill will be divided based on the number of bedrooms in each unit. For example, the 3-bedroom family will pay three times as much on energy as the 1-bedroom family. As a result, EI will recoup its cost, and tenants will be billed a reduced sum on energy. Solar panels generally require minimal maintenance and have a long lifespan. EI will be responsible for the maintenance of solar equipment. This large 42 kW solar array will cover a significant portion of the roof. That part of the roof covered by the display will wear less quickly because the panels protect it. This is adding the solar array at the time of building construction instead of retrofitting the building, which results in a small but significant saving. Likewise, running conduit is cheaper for the General Contractor’s electrician, who, unlike the solar installer, will not need to make a memorable trip to the building site. EI’s property tax on this building will NOT increase due to the addition of the solar array. North Carolina does not tax the increase in property value realized by installing photovoltaic (PV) solar panels. DocuSign Envelope ID: EB7B9CC8-B910-4965-AF93-0969E3E03E78