Veregy LLC Energy Savings Project Presentation
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Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. TOWN OF FOUNTAIN HILLS ENERGY SAVINGS PROJECT V E R E G Y: S I M P L I F Y I N G A N D A C C E L E R AT I N G Y O U R E N E R G Y T R A N S I T I O N J u n e 1 6 , 2 0 2 6 Page 2 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Agenda Why this Project Why Veregy Why Now Questions 1 2 3 4 Page 3 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. The Problem: Escalating Energy Costs Without action, Fountain Hills energy spend nearly doubles by 2040 0 50000 100000 150000 200000 250000 300000 350000 400000 450000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 $193K FY2025 combined spend (3 sites) +4.5% Average annual SRP rate increase $370K+ Projected 2040 without solar Page 4 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Why this Project • Reduce and stabilize utility cost, improve budget predictability, and leverage federal tax incentives • This is fundamentally a budget and infrastructure item, not just a solar item • Provide covered parking for Fountain Hills residents and visitors at Town Hall, Community Center, and Public Library • Council’s action tonight is about advancing a project that lowers long-term operating costs while using currently available federal incentives Page 5 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Path to Savings Feb 2026 May 2026 June 2026 – April 2027 April 2026 June 16 2026 April 2027- Aug. 2027 Preliminary Energy Assessment (PEA) Investment Grade Audit (IGA) Project Selection & Contract Town Approval Project Design Tentative Construction Performance Optimization & Savings On- going Page 6 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Project Overview 597 kW DC system size Town Hall 198 kW Comm. Center 399 kW 128 covered spaces Town Hall, Community Center & Library ~64% energy offset self-generated on-site vs. total consumption $956K ITC direct pay federal incentive applied Year 3 $ 5,263,296 Lifetime Savings Page 7 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Page 8 SIMPLIFYING AND ACCELERATING YOUR ENERGY TRANSITION Energy Savings Project Financial Solar Project $ 2,390,900 Potential ITC $956,384 Electric Utility Savings $81,989 – $246,768 Lifetime Savings 35 years $ 5,263,296 ROI 15 Years Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s website content is for informational purposes only; website visitors should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Page 9 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. We are an Arizona Company! #1 #1 $450 500+ 34 273 90% Arizona Home Grown – Founded Here! Largest Energy Company in Arizona Million in Energy Savings Achieved Individual Public Building Projects Year History in Arizona In-house Professionals with Engineering, Mechanical, Electrical, Plumbing, Controls and Solar Expertise. Work Done In-House. We Turn the wrench! Why Veregy Page 10 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. Veregy Experience Town of Fountain Hills: • Golden Eagle Park • Desert Vista Skate Park and Mini-Pitch • Service Agreement (2022-current) • 2022 Parks and Recreation Social Event Co- Sponsor at Desert Vista Park Municipal last 5 years in AZ • City of Coolidge • City of Casa Grande • City of Eloy • City of Phoenix • Pima County • Arizona Department of Emergency Affairs Page 11 VEREGY: Overview Veregy, LLC. is not a legal, tax, investment, or financial advisor, nor does Veregy directly finance any projects. Veregy, LLC’s content is for informational purposes only; any content readers should not construe any such information or other material as legal, tax, investment, or financial advice. Regardless of anything to the contrary, nothing available on or through Veregy LLCs business practices should be understood as a recommendation that an individual or organization should not consult with a legal, tax, investment, or financial professional to address their particular circumstances. What is Performance Based Contracting? Design-build general contractor combined with a diagnostic/engineering front end and a guaranteed-savings back end. • Comprehensive energy solutions • Focus on improving energy efficiency and reducing energy costs • Energy Audits, Retrofits, Renewable energy solutions • Guaranteed Energy Savings! 2024 Arizona Revised Statutes Title 34 - Public Buildings and Improvements § 34-455 - Performance contracting Page 12 SIMPLIFYING AND ACCELERATING YOUR ENERGY TRANSITION Why Now - Investment Tax Credit Safe Harbor Rules: • Contract Signed by July 4,2026 • FEOC Compliant (Made in America) • Materials on-site by July 4, 2026 • Project must incur 5% cost by July 4, 2026 Questions