2026-09_CONL_New_London_Community_Center_RFP_Exhibit_E.xlsx

This file is Exhibit E of a Request for Proposals issued by the City of New London, Connecticut for solar energy development at the New London Community Recreation Center. The RFP seeks qualified clean energy developers to design, develop, own, and operate a solar photovoltaic system at the Community Recreation Center Property under a 20-year Power Purchase Agreement. At the conclusion of the contract term, the selected developer will be responsible for system decommissioning. The City intends to work with the winning bidder to execute a binding Option Agreement and submit a joint application for incentives through Connecticut's NRES program during the February/March 2026 bid window. Additionally, the RFP includes a bid alternate for Virtual Net Metering offtake serving State, Agricultural, and Municipal beneficial accounts within the NRES program, potentially encompassing up to 12,000,000 kilowatt-hours from the City's Eversource Beneficial Accounts, equivalent to approximately 9 megawatts AC of VNM systems in Eversource territory.

Exhibit E functions as the financial submission template, requiring proposers to complete four sections: a bid summary with first-year and 20-year financial benefits projections, detailed equipment specifications and itemized cost breakdowns on a per-watt-DC basis, projected financial benefits analysis comparing two scenarios (NRES Buy-All-Sell-All versus PPA Savings), and NRES program bidding details. Proposers must fill designated yellow cells within the locked spreadsheet templates, with all pricing cells initially populated at zero dollars pending submission. The City has identified itself as eligible for distressed municipality bid preference under the NRES program. The template accommodates evaluation of federal Investment Tax Credit benefits at a baseline of 30 percent plus any applicable adders, and requires proposers to detail system specifications including module and inverter manufacturers, system capacity, projected annual production, and comprehensive cost components encompassing engineering, permitting, interconnection, materials, labor, and contingencies.