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Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet Page 1 7-1-11
Please note that some fields might not be applicable for all technologies or all project
phases. The level of information detail varies according to phase requirements.
1. Renewable Energy Source
The Applicant should demonstrate that the renewable energy resource is available on a
sustainable basis.
Annual average resource availability. Essentially unlimited woody biomass available in
Upper Tanana region
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation and Usage
a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank)
i. Number of generators/boilers/other 5
ii. Rated capacity of generators/boilers/other Total BTUs of oil-fired boiler is about 1,000,000
BTUs/hour
iii. Generator/boilers/other type Oil-fired hydronic boilers
iv. Age of generators/boilers/other 5 to 10 years
v. Efficiency of generators/boilers/other 70%
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $2,000
ii. Annual O&M cost for non-labor Fuel-10,800 gallons
c) Annual electricity production and fuel usage (fill in as applicable) (if system is part of the
Railbelt grid, leave this section blank)
i. Electricity [kWh] N/A
ii. Fuel usage
Diesel [gal] N/A
Other
iii. Peak Load N/A
iv. Average Load N/A
v. Minimum Load N/A
vi. Efficiency N/A
vii. Future trends N/A
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] 10,800
ii. Electricity [kWh] N/A
iii. Propane [gal or MMBtu] N/A
iv. Coal [tons or MMBtu] N/A
v. Wood [cords, green tons, dry tons] N/A
1 The Railbelt grid connects all customers of Chugach Electric Association, Homer Electric Association, Golden Valley Electric
Association, the City of Seward Electric Department, Matanuska Electric Association and Anc horage Municipal Light and Power.
Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet Page 2 7-1-11
vi. Other
3. Proposed System Design Capacity and Fuel Usage
(Include any projections for continued use of non-renewable fuels)
a) Proposed renewable capacity
(Wind, Hydro, Biomass, other)
[kW or MMBtu/hr]
Biomass – 1,200,000 BTUs/hour
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh]
ii. Heat [MMBtu] 160,000,000 BTUs produced
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu]
ii. Coal [tons or MMBtu]
iii. Wood [cords, green tons, dry tons] 110 cords
iv. Other
4. Project Cost
a) Total capital cost of new system $400,000
b) Development cost N/A
c) Annual O&M cost of new system N/A
d) Annual fuel cost $24,200
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity
ii. Heat $54,000
iii. Transportation
b) Current price of displaced fuel $4.70/gallon heating fuel oil
c) Other economic benefits
d) Alaska public benefits $54,000 annually
6. Power Purchase/Sales Price
a) Price for power purchase/sale N/A
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 1.33
Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet Page 3 7-1-11
Payback (years) 13.4 years