2026-09_CONL_New_London_VNM_RFP_Exhibit_F.xlsx

This is a bid summary and financial documentation exhibit for the City of New London, Connecticut's solar energy RFP for the Community Recreation Center (CRC) and Virtual Net Metering (VNM) offtake program. The RFP (reference 2026-09-CONL) solicits proposals from qualified clean energy developers for a 20-year power purchase agreement to develop, own, operate, and maintain a solar system at the New London Community Recreation Center property, with the developer responsible for decommissioning at contract end. The City also seeks a bid alternate for VNM offtake serving State, Agricultural, and Municipal (SAM) beneficial accounts within the NRES program, targeting up to 12,000,000 kWh of the City's Eversource beneficial accounts, corresponding to up to 9 MW-AC of VNM systems. The selected bidder will enter into a binding Option Agreement and apply for NRES incentive funding in the February/March 2026 bid window.

The exhibit presents standardized financial documentation templates for proposers to complete, including bid summaries, equipment specifications and cost breakdowns, projected financial benefits tables, and NRES Buy-All-Sell-All (BASA) program bid details. Proposers must provide first-year annual production figures and 20-year total financial benefits to the Town, along with complete system specifications including module manufacturer and model, inverter specifications, racking systems, data acquisition systems, and itemized costs by category (engineering, permitting, interconnection, materials, labor, contingencies). The NRES program includes a 30% federal Investment Tax Credit baseline with potential adders. The City qualifies for a 20% bid preference as a distressed municipality under the NRES program, which is non-additive to the base bid price. All financial benefit cells and calculations are locked in the template, requiring proposers to complete only designated fields with yellow cell highlighting.