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Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 1 7-21-10
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. Foresters estimate 1500-2000 cords (Kasilof area)
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 N/A
ii. Rated capacity of generators/boilers/other
iii. Generator/boilers/other type
iv. Age of generators/boilers/other
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 N/A
ii. Annual O&M cost for non-labor
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]
Other
iii. Peak Load
iv. Average Load
v. Minimum Load
vi. Efficiency
vii. Future trends
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu]
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons] 40 cords/yr
vi. Other
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.
Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 2 7-21-10
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]
225,000 BTU/hr
b) Proposed annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] N/A
ii. Heat [MMBtu] 600MMBtu
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] 40 cords
iv. Other
4. Project Cost
a) Total capital cost of new system $268,523 plus $6,100 combustion stack tests
b) Development cost
c) Annual O&M cost of new system $2,200
d) Annual fuel cost 40 cords x $160/cord = $6,400
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity
ii. Heat 4,200 gallons of diesel
iii. Transportation
b) Current price of displaced fuel Oil: $14,700/yr x 20 years = $294,000
c) Other economic benefits Local jobs; Education and training on use of renewable
energy systems
d) Alaska public benefits Cleaner air, demonstration of sustainability and
renewable energy, Published results of wood
combustion and efficiency testing report. Improved
efficiency in the use of wood resources, reduced labor
input, and minimized emissions; beneficial to other
cordwood heat installations in Alaska. Solar demo.
Renewable Energy Fund Round 4
Project Cost/Benefit Worksheet
RFA AEA11-005 Application Cost Worksheet Page 3 7-21-10
6. Power Purchase/Sales Price
a) Price for power purchase/sale
b)
N/A
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 1.09
Payback (years) 18.2