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Renewable Energy Fund Round 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 1 10-7-09
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. 374 MWh/yr
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 Railbelt 1 grid, leave this section blank)
i. Number of generators/boilers/other 3
ii. Rated capacity of generators/boilers/other 2 @65 KW 1@45 KW
iii. Generator/boilers/other type
iv. Age of generators/boilers/other <1 yr
v. Efficiency of generators/boilers/other unknown
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $10,055
ii. Annual O&M cost for non-labor $13,000
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] 14 kWh/per gal
ii. Fuel usage
Diesel [gal] 33,600 gal
Other
iii. Peak Load 57 KW
iv. Average Load 48 KW
v. Minimum Load 34 KW
vi. Efficiency Unknown
vii. Future trends
d) Annual heating fuel usage (fill in as applicable)
i. Diesel [gal or MMBtu] N/A
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
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 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 2 10-7-09
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)
[kWh or MMBtu/hr]
90 kW
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 374 mWh/yr
ii. Heat [MMBtu]
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]
iv. Other
4. Project Cost
a) Total capital cost of new system $660,000
b) Development cost $290,500
c) Annual O&M cost of new system $10,000
d) Annual fuel cost 0
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 26,700 gallons/yr
ii. Heat
iii. Transportation
b) Price of displaced fuel $133,500/year
c) Other economic benefits $0.21 kWh versus $0.48 kWh presently
d) Amount of Alaska public benefits $0.27 kWh
6. Power Purchase/Sales Price
a) Price for power purchase/sale
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 2:1 (value of displaced fuel vs debt repayment)
Payback