©2015 SolarEdge

Optimized Commercial Rooftop Systems

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Meet SolarEdge

1.4 GW of our systems shipped worldwide5.6M power optimizers and over 245,000 inverters shipped100,000+ monitored systems in 74 countries 39 awarded patents and 136 additional patent applicationsOver 390 employees and presence in 11 countriesA global top-10 inverter manufacturerA publicly traded company on NASDAQ (SEDG)

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The Inverter is a Critical Investment

Inverters account for only 10% of system costs but they influence:

30%of Project

Costs

20%of O&M

Costs

100%of Energy

Production

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Importance of Inverter Selection

25-30% of total system cost originates from inverter selection

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The SolarEdge Solution

InverterCloud-based

Monitoring Portal

Power Optimizer

Power optimizer2:1 configuration

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SYSTEM LIFETIME O&M COST

BoSCOST

INVERTERCOST

PV Lifetime Value

LIFETIME VALUE

LIFETIMEREVENUE

$

Traditional system

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Lifetime Revenue

MPPT per module:̶ Each module produces maximum power independently of other

modules in the string̶ Underperforming modules do not affect the production of the

whole string

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NREL – 2% Added Energy

NREL PVWatts modeling report shows 2% more energy needed due to module mismatchSolarEdge eliminates energy losses from module mismatch using MLPE

Modeling Microinverters and DC Power Optimizers in PVWatts; 2/2015

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500 kW System Case Study

System size 500 kWp

Annual yield 1,224 kWh/kWp

Electricity rate 15.6 c/kWh

SolarEdge added yield 2%

20 years saving US$38,189

Saving per watt peak 0.08 US$/w

1MWac Rosendin & Mainstreet Energy; Arizona

0.08 US$/w

Singapore American School, 1 MW

IC17

Slide 9

IC17 picture pending approval from installerIlan Citrin, 25/06/2015

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SYSTEM LIFETIME O&M COST

BoSCOST

INVERTERCOST

PV Lifetime Value

Example is for illustrative purpose only

LIFETIME VALUE

LIFETIMEREVENUE

$

8 c/w

Traditional system SolarEdge system

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BoS Cost Savings

SolarEdge systemTraditional system

Up to 50% reduction in BoS costUp to 60

modules per string

Fewer strings

Less wiring, combiner boxes, fuses, etc.

Less onsite self-crimping at string end

Reduced risk of failure & fire

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Fewer Strings = Less Wiring

Traditional string inverter: 10.4 m/kW DCSolarEdge system: 2.3 m/kW DCIn megawatt scale systems, the difference can amount to hundreds of thousands of dollars

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500 kW Case Study – Cabling

0.01 US$/w

DC cables 10 m/kWDC

Cable cost US$1.49/m

Traditional inverter cable cost US$7,450

SolarEdge cable saving 50%

SolarEdge cost saving: US$3,725

SolarEdge cost saving per W: $0.01

IC18

Slide 13

IC18 Am checking on additional BoS costs to add to cabling...Ilan Citrin, 25/06/2015

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SYSTEM LIFETIME O&M COST

BoSCOST

INVERTERCOST

PV Lifetime Value

LIFETIME VALUE

LIFETIMEREVENUE

$

1 c/w

8 c/w

Traditional system SolarEdge system

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Lifetime System Value

Low cost of ownership̶ 25-year warranty for power optimizers̶ 12-year inverter warranty with low cost extension to 25 years̶ Out of warranty inverter replacement costs 40% less than traditional inverters

Replacement modules̶ No need to keep expensive module inventory – any module on the market is

compatibleExpansion̶ New power optimizers and modules can be utilized in the same string with

older models

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500 kW Case Study – Inverters

Extended Warranty for 27.6 kW inverters:

SolarEdge Leading String inverter

Standard Warranty Length 12 years 10 years

Warranty Extension to 20 years US$777 US$1,567

# of 27.6 inverters 15 15

20 year replacement cost US$11,655 US$23,505

20 year replacement cost per watt US$0.023 US$0.047

0.024 US$/w

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Protecting System Owner Investment

When AC power shuts off or inverter disconnects:̶ With traditional inverter, PV wires remain energized with dangerously high

voltage̶ With SolarEdge, PV wires are automatically de-energized to safe 1 Vdc per

moduleThe SolarEdge Advantage̶ Provides superior safety for installers, electricians, and fire fighters̶ Best suited for future insurance requirements

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Asset Management

Protect your asset with full visibility into system performance & remote troubleshooting for reduced O&M costs̶ Monitoring at the module level – free for lifetime̶ Fault detection pinpointed on a virtual site map̶ Automatic alerts on system issues

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Increased Uptime: Real-time Alerts

Alerts for modules & invertersCustom settings available ̶ Time of day ̶ Offset from sunrise and sunset̶ % deviation from average

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Increased Uptime: Remote PID Detection

Strong degradation of power in the modules closest to inverter’s negative poleIf PID is suspected, technicians must climb on roof, disconnect modules, and measure their output voltageUsing SolarEdge monitoring portal, PID problems are quickly detected

Analyze degradation of power in modules via portal

Module voltages measured remotely, no need to send technicians to the roof

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500 kW Case Study – Monitoring

Monthly cost US$0.04/kWp

20 years cost US$4,800

20 years cost per watt US$0.01SolarEdge Monitoring is free for system lifetime

0.01 US$/w

Monitoring software:

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500 kW Case Study – Truck Rolls

SolarEdge Leading String Inverter

Truck roll for fault diagnosis - Once a year

Truck roll for replacement Once a year Once a year

20 year truck rolls 20 40

Truck roll cost US$110 US$110

20 year truck roll cost US$2,200 US$4,400

20 year truck roll cost per watt US$0.004 US$0.008

0.004 US$/w

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System Lifetime Reduced O&M Costs

Inverter replacement is largest line item in O&M Preventative maintenance

– Washing– Site AuditsCorrective maintenance

– Onsite troubleshooting– Onsite repair

NPV of O&M

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SYSTEM LIFETIME O&M COST

BoSCOST

INVERTERCOST

PV Lifetime Value

LIFETIME VALUE

LIFETIMEREVENUE

$

1 c/w 3.8 c/w

8 c/w

Traditional system SolarEdge system

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SYSTEM LIFETIME O&M COST

BoSCOST

INVERTERCOST

PV Lifetime Value

Increased energy harvest

Larger system installation

Monitoring and control

Higher lifetime value

Example is for illustrative purpose only

LIFETIME VALUE

LIFETIMEREVENUE

$

3.8 c/w -6 c/w

HIGHER LIFETIME VALUE

6.8 c/w8 c/w

1 c/w

Traditional system SolarEdge system

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The Key Component in a PV System

Choosing the inverter is a critical decisionGetting it right will help ensure you maximize the long-term financial performance of your PV system

Maximizes Energy Production

Reduces Lifetime Costs

Controls O&M Expenses

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Disclaimer

Selected information in this presentation is being provided ashistorical information. In providing such historical information,SolarEdge Technologies is not undertaking any duty to update theinformation. SolarEdge has not reviewed the information todetermine whether it remains accurate, and the information mayhave been superseded.

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Websitesinfo@solaredge.comwww.twitter.com/SolarEdgePVwww.solaredge.com/blog

www.solaredge.comwww.solaredge.uswww.solaredge.dewww.solaredge.jpwww.solaredge.frwww.solaredge.it

| 29©2015 SolarEdge

Lifetime Revenue

Location:Newton Abbot Leisure Center, UK

Size: 68.8kW

Installation date: March 2013

Modules: 280xCanadian Solar

SolarEdge inverters3 x SE17K and 1 x SE10K with 280 x P300 power optimizers

SMA inverters 3 x STP 17000TL1 x STP 10000TL 1 x STP 8000TL