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Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet 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. The proposed heat exchanger has a rated capacity of
300 MBH. Refer to the attached design drawings.
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 1 – oil-fired boiler; 2 – electric cabinet unit heaters
ii. Rated capacity of generators/boilers/other Boiler - 266 MBH Electric CUH – 12.4 MBH
iii. Generator/boilers/other type Boiler – Weil McLain WGO-8; CUH – Electric
iv. Age of generators/boilers/other Boiler – 10 years; CUH – 5 years
v. Efficiency of generators/boilers/other
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $1,000.00
ii. Annual O&M cost for non-labor $250.00
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 N/A
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]
ii. Electricity [kWh]
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 Anchorage Municipal Light and Power.
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Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet 7-1-11
vi. Other N/A
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]
Heat Exchanger – 300 MBH
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] N/A
ii. Heat [MMBtu] 300 MBH
c) Proposed annual fuel usage (fill in as applicable)
i. Propane [gal or MMBtu] N/A
ii. Coal [tons or MMBtu] N/A
iii. Wood [cords, green tons, dry tons] N/A
iv. Other N/A
4. Project Cost
a) Total capital cost of new system $240,000.00
b) Development cost $25,000.00
c) Annual O&M cost of new system $650.00
d) Annual fuel cost $0.00
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity N/A
ii. Heat 6,000 gallons
iii. Transportation N/A
b) Current price of displaced fuel $35,580.00 @ $5.93/gallon
c) Other economic benefits $0.00
d) Alaska public benefits $0.00
6. Power Purchase/Sales Price
a) Price for power purchase/sale N/A
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio
20
Renewable Energy Fund Round 5
Project Cost/Benefit Worksheet
RFA AEA12-001 Application Cost Worksheet 7-1-11
Payback (years) 7.36 years
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