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322 kW on Farmlands 2 in Gerber, CA

This 322 kW solar project is located on agricultural land in Gerber, California. The project features a 12-year warranty and minimum production guarantee from Panasonic, a Fortune 100 electronics corporation. This means that if the solar project produces less electricity than expected, Panasonic will cover the difference in revenue. The solar project generates revenue through a 20-year power purchase agreement with Pacific Gas and Electric (PG&E), one of the largest investment-grade utilities in the country.

5.5%
Expected Investor Yield
144
Month Term
100%
Funded
217
Investors
$0
Available
$140,725
Total Amount
Offered to California Residents.
FUNDED! This project has reached its investment goal.

Project ID: 11

View Prospectus

View Note

Size (in kW): 322
Annual Estimated Output: 600,000 kWh
Number of Panels: 1,152  
Panel Type(s): LDK and Upsolar  
Panel Warranty (yrs): 25  
Inverter Type: Advanced Energy  
Inverter Warranty (yrs): 10  
Interconnection Date: July 12, 2013  
Name: Pacific Gas and Electric
Location (city, state): San Francisco, CA  
Type of Solar Customer: Utility
Year of Incorporation: 1906  
Contract Type: PPA
Revenues: $15.0 billion as of FY 2012  
Assets: $52.4 billion as of FY 2012  
Liabilities: $39.1 billion as of FY 2012  
Name: See Prospectus  
Location: California  
Year of Incorporation: 2013  
Loan Type: Term  
Loan Term: 144 months (12 years)
Loan Payment Schedule: Monthly
Loan Interest Rate: 6.50%
Revenue Sources: PPA
Debt Service Coverage Ratio: 1.225x
Debt Service Reserve Fund: $22,763
Estimated Homes powered in one year: 47
Estimated Pounds of CO2 avoided per year: 932,546
Estimated Square Feet of solar created: 23,828
Payment Number Transaction Date Total Paid Interest Principal
1 Oct-04-2013 $1,221.23 $228.68 $992.55
2 Nov-04-2013 $1,221.23 $756.88 $464.35
3 Dec-03-2013 $1,221.23 $754.37 $466.86
4 Jan-03-2014 $1,221.23 $751.84 $469.39
5 Feb-03-2014 $1,221.23 $749.3 $471.93
6 Mar-03-2014 $1,221.23 $746.74 $474.49
7 Apr-03-2014 $1,221.23 $744.17 $477.06