Common use of Summary of Project Cost and Savings Clause in Contracts

Summary of Project Cost and Savings. Energy Efficiency Measures Estimated Total Project Cost Energy Commission Loan Estimated Annual Energy Cost Savings Simple Payback* (Years) [Insert EEM #1. Add additional rows as necessary] [Insert EEM Cost] $00.00 [Insert Cost Savings] [Insert EEM Payback] TOTALS: [Insert Total Project Cost] [Insert Loan Amount] [Insert Total Annual Energy Cost Savings] [Insert Overall Payback] *The simple payback is based on the Loan amount. The Borrower shall implement each measure listed in Table 1. If Borrower does not complete one or more of the measures or deviates from the quantities and specifications listed in Table 1, the Commission Project Manager will calculate the maximum Loan amount supported by the Project. The Loan amount will be determined by the lesser of: 1) multiplying the annual energy cost savings by [Insert Maximum Simple Payback Period]; 2) total Project costs; or 3) approved Loan amount. Borrower shall notify the Commission Project Manager in writing if Borrower expects any information in Table 1 to change. Energy Commission staff will advise Borrower of the procedure to approve any changes. Written documentation is required for any changes to the information included in this Attachment. If the Borrower has received disbursements exceeding the maximum Loan amount supported by the Project, the Borrower shall refund the difference to the Energy Commission within 30 days of notification.