0 1 2 3 4 5 6

PRODUCTION
Energy (kWh) 0 1018 1018 1018 1018 1018 1018

SAVINGS
Value of electricity savings ($) 0 122 125 128 132 135 138

OPERATING EXPENSES
O&M fixed expense ($) 0 0 0 0 0 0 0
O&M production-based expense ($) 0 0 0 0 0 0 0
O&M capacity-based expense ($) 0 17932 18380 18840 19311 19794 20288
Property tax expense ($) 0 3329 3329 3329 3329 3329 3329
Insurance expense ($) 0 3329 3412 3497 3585 3675 3766
Net salvage value ($) 0 0 0 0 0 0 0
Total operating expense ($) 0 24590 25121 25666 26225 26797 27384

Deductible expenses ($) 0 -24590 -25121 -25666 -26225 -26797 -27384

PROJECT DEBT
Debt balance ($) 166446 164341 162109 159743 157236 154578 151760
Interest payment ($) 0 9987 9860 9727 9585 9434 9275
Principal payment ($) 0 2105 2232 2366 2508 2658 2817
Total P&I debt payment ($) 0 12092 12092 12092 12092 12092 12092

DIRECT CASH INCENTIVES

Federal IBI income ($) 0
State IBI income ($) 0
Utility IBI income ($) 0
Other IBI income ($) 0
Total IBI income ($) 0

Federal CBI income ($) 0

State CBI income ($) 0
Utility CBI income ($) 0
Other CBI income ($) 0
Total CBI income ($) 0

Federal PBI income ($) 0 0 0 0 0 0 0

State PBI income ($) 0 0 0 0 0 0 0
Utility PBI income ($) 0 0 0 0 0 0 0
Other PBI income ($) 0 0 0 0 0 0 0
Total PBI income ($) 0 0 0 0 0 0 0

STATE INCOME TAX

State depreciation schedule (%) 0 0.20 0.32 0.19 0.12 0.12 0.06
State depreciation ($) 0 56592 90547 54328 32597 32597 16298
State taxable income less deductions ($) 0 -91168 -125528 -89721 -68406 -68828 -52957
State PTC ($) 0 0 0 0 0 0 0
State ITC ($) 0
State tax savings ($) 0 6382 8787 6280 4788 4818 3707

FEDERAL INCOME TAX

Federal depreciation schedule (%) 0 0.20 0.32 0.19 0.12 0.12 0.06
Federal depreciation ($) 0 56592 90547 54328 32597 32597 16298
Federal taxable income less deductions ($) 0 -84787 -116741 -83440 -63618 -64010 -49250
Federal PTC ($) 0 0 0 0 0 0 0
Federal ITC ($) 99868
Federal tax savings ($) 0 123608 32688 23363 17813 17923 13790

After-tax annual costs ($) -166446 93308 4261 -8115 -15715 -16148 -21979
After-tax cash flow ($) -166446 93389 4345 -8029 -15627 -16058 -21886
 7 8 9 10 11 12 13 14 15 16 17 18 19

1018 1018 1018 1018 1018 1018 1018 1018 1018 1018 1018 1018 1018

142 145 149 153 156 160 164 168 173 177 181 186 191

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 20 21 22 23 24 25 26 27 28 29 30

1018 1018 1018 1018 1018 1018 1018 1018 1018 1018 1018

195 200 205 210 216 221 227 232 238 244 250

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5722 5340 4935 4505 4050 3568 3056 2514 1939 1330 684
6370 6752 7157 7587 8042 8524 9036 9578 10153 10762 11408
12092 12092 12092 12092 12092 12092 12092 12092 12092 12092 12092

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