10 kW Solar PV System

Year	Generation per Year (MWh)	Credits	Conservative Case	Aggressive Case
2023	12.00	6	$234	$248
2024	11.760	6	$279	$342
2025	11.525	6	$324	$396
2026	11.294	5	$308	$375
2027	11.068	5	$338	$420
2028	10.847	5	$338	$465
2029	10.630	5	$338	$510
2030	10.418	5	$338	$555
2031	10.209	5	$338	$600
2032	10.005	5	$338	$638
TOTAL		53	$3,170.00	$4,548.00

Notes on Estimated Net Earnings

Specific yield: 1200 MWh/MWp in Year 1 before derate loss
Solar derate loss: 2% per year
Grid emissions factor (Alberta): 0.53
Carbon price (minimum): $65.00 per tonne CO2e as per regulation
Carbon price (maximum): $170.00 per tonne CO2e as per regulated price increase of $15/year until 2030.
Conservative case assumes the buyer purchases credits at 35% below the annual carbon price.
Aggressive case assumes the buyer purchases credits at 20% below the annual carbon price.
Net earnings already subtract credit sale transaction fees. There are no other fees.
Estimated Net Earnings are not guaranteed.