Pub. 8 2018 Issue 4

15 ReminderTRAX™ Capture more service business with personalized mailings. Bring customers back for recommended services. • Faster payback (less than 50% of traditional PV system) • A single 350W panel can power up to 16 Hybrid LED interior office troffers or up to 6 high bay fixtures • Hybrid LED fixtures also use your building’s regular electrical power as needed to keep light levels at a constant level – no special wiring required • Hybrid LED fixtures will last much longer than ones powered only by AC power • IoT ready No Upfront Cost Acquisition Options Intriguing options for acquiring solar powered Hybrid LED and traditional PV systems are lease or a Power Purchase Agreement (PPA). With a lease or PPA you don’t pay for the upfront cost of the physical components for the system, but only pay for the light or power output. Property Assessed Clean Energy (PACE) is another option that a municipality can offer businesses to incentivize the purchase of energy efficient technology. The PV and/or Hybrid LED assets are owned and maintained by the lease or PPA provider until the end of the agreement. Leases and PPAs can offer a means of owning the assets after a period of time; or the amount of power generated; or at any time as a buyout. Your CFO should explore the tax and GAAP benefits that these agreements can offer your dealership. Common terms included in Solar PV / Hybrid LED (referred to as “System” below) leases & PPAs: Term length: Commercial System leases can be customized, and generally range from 7 to 20 years. Performance & maintenance: The leasing company will monitor the System's performance to ensure that it is operating correctly for the duration of the lease. They are also responsible for maintaining and repairing it, although System requires little to no maintenance over its lifetime. Monitoring: Most leasing companies offer online, smartphone, or tablet programs to track your System's performance. Buying the system: You can buy the Systemat any time during the lease termat the price defined in your contract or its fair market value, whichever is higher. Selling your dealership: If you sell your dealership or property, you can transfer the remainder of your lease to the buyer or buy the System from your leasing company yourself and include it in the sale. At the end of the term: When your agreement ends, you can either buy the System outright, have the leasing company remove it, or leave the system in place and renew the agreement with the owner.  More information about traditional solar power can be found at: http://www.solarworld-usa.com/ and https://us.sunpower.com/ ;two of the largest US manufacturers. Information about the new solar powered Hybrid LED technology can be found at: www.energybankinc.com/fusion.html; manufacturer of FUSION™ direct solar powered hybrid LED. energybank founder and CEO, Neal Verfuerth, is one of America’s top 500 inventors. Neal is listedastheprimary inventoron72patents,96applicationsfiled,and1088citations in lighting, controls,IoT,solaranddaylightingtechnology–deliveringmorethan$3Bincumulativeenergy savingstothousandsofcompanies,includingmorethan1,000autodealershipsand150Fortune 500 corporations. energybank is aUSmanufacturer located inManitowoc, Wisconsin. Contact: Guy Peterson, VP – Marketing & Corporate Communications, energybank. www. energybankinc.com 920-682-6220