1. www.uptownsolar.com Copyright © 2009 · Uptown Solar · All Rights Reserved THESE MATERIALS ARE CONFIDENTIAL AND THE SOLE EXCLUSIVE PROPERTY OF UPTOWN SOLAR ANY USE OF TRADEMARK LOGOS, GRAPHICS, OR CONCEPTUAL SCREEN SHOTS ARE FOR ILLUSTRATIVE PURPOSES ONLY. THESE DOCUMENTS ARE NOT INTENDED FOR RE-DISTRIBUTION OR PUBLICATION. CONFIDENTIALITY IS EFFECTIVE UNTIL IF AND WHEN NOTIFIED IN WRITING.

2. Global Solar Marketplace US Marketplace Federal/State/Utility Program System Components Solar Applications Project Financing Lifeline Solar 2 Agenda

3. 3 “I’d put my money on the sun and solar energy. What a source of power! I hope we don’t have to wait till oil and coal run out before we tackle that.”

4. 4 Solar Grid Tied System Commercial

5. Global Solar Marketplace 5 Chicago, Illinois Latitude: 41.90 Longitude: 87.65 Berlin, Germany Latitude: 52.32 Longitude: 13.25 Chicago, Illinois Solar Hours: 3.14 Berlin, Germany Solar Hours: 2.73

6. 6 US ranks 4 th in both New Capacity & Cumulative Capacity US trails Germany in 1 st, Italy 2 nd, Japan 3 rd US Grid Tied PV Systems (28% steady growth since 2006) US will become largest solar energy market in 2011; but will be surpassed in 2015 by China Global Solar Marketplace

7. U.S. solar energy industry grew— both in new installations and employment. U.S. solar electric capacity from photovoltaic (PV) and concentrating solar power (CSP) technologies climbed past 2,000 MW, enough to serve more than 350,000 homes. Solar industry revenues also surged despite the economy, climbing 42 percent in 2010. A doubling in size of the residential PV market helped lift the U.S. solar electric market 37 percent in annual installations over 2008 from 351 MW in 2008 to 481 MW in 2010. 7 US Solar Marketplace

8. General Electric plans to close its Newark, DE, solar module facility at the end of 2009 and lay off 82 employees. General Electric Evergreen Solar told investors that it will stop making solar panels at its Devens, MA, plant and start making them in China by mid-2010. Evergreen Solar GE and Evergreen join BP Solar in closing U.S. facilities. In March, the British firm said it would end module assembly at its facility in Frederick, MD.BP Solar 8 US Solar Marketplace

9. Federal State Rebates Grants Production Incentives-Feed In Tariffs Solar Renewable Energy Credits 9 Solar Incentives Components

10. An RPS requires the State’s utilities to have a certain percentages of electric power produced by renewable sources of energy, such as solar and wind power, over X number of years. RPS requirements vary widely by state. National RPS as part of the Cap and Trade legislation, all States would be required to generate some portion of their electric energy through renewable resources by a certain time. Currently, there are 29 States plus DC that have adopted a Renewable Portfolio Standard (RPS) An additional 7 States have established Renewable Goals, which is 1 up from 2009. These are the next States to follow up suit with RPS adoption. 10 Renewable Portfolio Standards

11. State renewable portfolio standard State renewable portfolio goal www.dsireusa.orgwww.dsireusa.org / August 2010 Solar water heating eligible * † Extra credit for solar or customer-sited renewables Includes non-renewable alternative resources WA: 15% x 2020* CA: 33% x 2020 NV : 25% x 2025* AZ: 15% x 2025 NM: 20% x 2020 (IOUs) 10% x 2020 (co-ops) HI: 40% x 2030 Minimum solar or customer-sited requirement TX: 5,880 MW x 2015 UT: 20% by 2025* CO: 30% by 2020 (IOUs) 10% by 2020 (co-ops & large munis)* MT: 15% x 2015 ND: 10% x 2015 SD: 10% x 2015 IA: 105 MW MN: 25% x 2025 (Xcel: 30% x 2020) MO: 15% x 2021 WI : Varies by utility; 10% x 2015 statewide MI: 10% + 1,100 MW x 2015* OH : 25% x 2025 † ME: 30% x 2000 New RE: 10% x 2017 NH: 23.8% x 2025 MA: 22.1% x 2020 New RE: 15% x 2020 (+1% annually thereafter) RI: 16% x 2020 CT: 23% x 2020 NY: 29% x 2015 NJ: 22.5% x 2021 PA: ~ 18% x 2021 † MD: 20% x 2022 DE: 25% x 2026* DC: 20% x 2020 VA: 15% x 2025* NC : 12.5% x 2021 (IOUs) 10% x 2018 (co-ops & munis) VT: (1) RE meets any increase in retail sales x 2012; (2) 20% RE & CHP x 2017 KS: 20% x 2020 OR : 25% x 2025 (large utilities )* 5% - 10% x 2025 (smaller utilities) IL: 25% x 2025 WV: 25% x 2025* † 29 states + DC have an RPS (7 states have goals) 29 states + DC have an RPS (7 states have goals) DC OK: 15% x 2015

12. 12 State RES carve-outs will set the baseline demand for solar over the next 15 years. New Solar Capacity Required to Meet State RPS Carve-Outs

13. Federal Business Energy Investment Rebate-Credit * American Recovery and Reinvestment Act of 2009 removed a provision which reduced the basis for the tax credit to the extent “subsidized energy financing” was used, and created a mechanism for eligible projects to receive a cash grant from US Department of Treasury in lieu of the tax credit. There is no maximum limit to the credit. If the credit is not used entirely in the year the equipment is placed into service, then the remaining credit may be carried back one year or forward 20 years. Federal Accelerated Depreciation MACRS-5 year accelerated depreciation cycle. 13 Federal Incentives - Commercial

14. 14 Rebate Programs Production Incentives Corporate Tax Credits Personal Tax Credits Grant Programs Ind. Recruitment/Support Loan Programs Property Tax Incentives Sales Tax Incentives Public Benefits Funds (PBFs) Renewable Portfolio Standards (RPSs) Solar/DG Carve-Outs Net Metering Interconnection Standards Solar Access Laws Contractor Licensing State Financial IncentivesState Regulatory Policies “Traditional” State Solar Policy Options

15. Renewable Portfolio Standard (RPS) requires electricity suppliers to secure a portion of their electricity from solar facilities connected to the local distribution grid in that state. – The SREC program provides a means for Solar Renewable Energy Certificates (SRECs) to be created on behalf of the solar owner and sold to electric suppliers to meet their solar RPS requirement. All electric suppliers are required to use the SREC program to show compliance with this part of the State’s Renewable Portfolio Standard. Increasing state focus on solar renewable energy certificates (or equivalent) SRECs as a financial incentive SRECs provide solar owners with an economic incentive to investing in solar electric systems which improve the electric distribution grid. 1000 kW produced, equals one SREC To date, 16 of the 29 States with RPS Policies have a provisions for a Solar carve-out; 2 of the 7 States with Renewable Goals have a solar provision. 15 State SREC Programs

16. SRECs are in fact a “credit” for the amount of clean solar energy that your solar panels produce. Utilities in some states need a certain amount of these credits in order to comply with the State’s RPS. How do utilities get these credits? Generally, two ways: They either build solar or wind farms and/or they pay you for the clean power your solar panels produce. And how much cash is that credit worth? Note; you are selling the “environmental benefit” of your solar panels to someone else, like the utility. You get paid for these credits. 16 Solar SREC (RECS)

17. SRECs in Vogue 17 Data Sources: PJM-EIS GATS, Xcel Energy, Arizona Public Service, Tucson Electric Power, Public Service New Mexico, El Paso Electric

18. 18 NJPADEDCMDNCVAWVOH My System is in… NJX PAXXXX DEXXXX DCXXX MDXXXX NCXXX VAXXX WVXXXX OHXXXX I can sell my SRECs in … SRECTrade Interstate Trade Metrix

20. 93% of Americans Surveyed Support Solar 12% understand how solar works 75% do not know where to go for solar information 20 US Solar Marketplace International Renewable Energy Council (IREC) – Solar Power International Survey October 09

21. 21 Parking Lot Structure

22. 22

24. 24 Proposed Solar Tree Energy Plant 96kW Eight 12kW Trees

25. 25 PA Solar Tree Incentives: Federal Tax Credit Model 96kW Eight 12kW Tree’s Photovoltaic(PV) System $720,000 Federal Tax Credit 30%($216,000) State Rebate Program*(max. $52,500)($52,500) Sun Rebate*($100 per panel)($38,400) Net Cost After Rebates$413,100 Notes: *Rebates paid approximately 60 days after installation is complete * Sales Tax not included * Finance Option’s available: *384 panels in 96kW System Based on install price of $7.50 per watt Per Rebate Program, amount of incentive varies based on system size ($.50 - $.75 / W DC)

26. 26 Cost Recovery Sources: Credit PA Solar Tree Incentives: Federal Tax Credit Model Notes: * Based on very conservative $0.10 per kwh as cost of power over the first 7 years * Modified Accelerated Cost-Recovery System with effective tax savings at 34% corporate rate * 126 SRECs per year, SRECs valued at $200 * Nominal Annual Rate used for sample purposes only * SREC traded with Edge Energy Power Savings Sun Rebate Federal Tax Credit State Tax Rebate Solar Renewable Energy Credits Standard Depreciation Total Savings and Credits 1stYear$12,648$38,400$216,000$52,500$25,200$106,304=$451,052 2ndYear$12,648$0 $25,200$28,347=$66,195 3rdYear$12,648$0 $25,200$17,008=$54,856 4thYear$12,648$0 $25,200$10,205=$48,053 5th year$12,648$0 $25,200$10,205=$48,053 6thYear$12,648$0 $25,200$5,102=$42,950 7thYear$12,648$0 $25,200$0=$37,848 $88,536$38,400$216,000$52,500$176,400$177,171$749,007

27. Cost Recovery Recap: Credit 27 With No Financing Total Project Cost $ 720,000 Interest Rate Cost of Financing (5 year term)6.10% $ 117,180 $ - Gross Cost to Customer $ 837,180 $ 720,000 Less Power Saving, Depreciation, SRECs & Incentives $ 749,007 Total out of pocket investment first 7 years $ 88,173 $ (29,007) PA Solar Tree Incentives: Federal Tax Credit Model

28. 28 PROJECT FINANCING

29. 29 Equipment Finance Lifeline Equipment Finance 25 Years of Industry Experience as a Company 5 th Largest Bank Owned Company Credit Requirements 3 Years in Business (NO START UPS) Only Commercial Companies (NO RESIDENTIAL) Deals up to $100K application only (SEE NEXT SLIDE) Deals over $100K require financial package (SEE NEXT SLIDE)

30. 30 Equipment Finance Benefits of Financing Equipment Typically We Can Provide 100% Financing Low up front cost Usually just 1 st payment and documentation fee due up front Fast Turn Around Application only deals less then $100K usually approved within 1-2 business days Larger deals usually are approved within 3-4 business days Tax Benefits Possible depreciation of equipment (BEST TO CHECK WITH YOUR ACCOUNTANT) Ability to Finance Soft Cost Typically up to 20% of a transaction can include soft cost, which can include: Installation Services Maintenance Warranty continued

31. HQ-Houston Leading edge grid connected solar systems – 25 year warrantee panels – UL Listed – California Solar Institute Listed http://www.gosolarcalifornia.org/equipment/pvmodule.html – Florida Solar Energy Center Listed http://www.fsec.ucf.edu/en/industry/testing/PVmodules/pv_flashtest_list.htm 31 Uptown Solar

32. “Turn-key” business system Leading edge solar systems and components Nationwide deployable program Comprehensive training program for distributors Solar training for installers and system designers Green Finance options 32 Lifeline Advantage

33. CONTACT US TODAY THESE MATERIALS ARE CONFIDENTIAL AND THE SOLE EXCLUSIVE PROPERTY OF UPTOWN SOLAR. ANY USE OF TRADEMARK LOGOS, GRAPHICS, OR CONCEPTUAL SCREEN SHOTS ARE FOR ILLUSTRATIVE PURPOSES ONLY. THESE DOCUMENTS ARE NOT INTENDED FOR RE-DISTRIBUTION OR PUBLICATION. CONFIDENTIALITY IS EFFECTIVE UNTIL IF AND WHEN NOTIFIED IN WRITING. Thank you for your time and consideration. To request additional information please contact one of our representatives. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -