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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. 70 acres = 1400 tons per year (sustainable with
7000 acres on 100 year rotation)
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
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]
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]
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]
500 kWh or 1500 kWh Nov- Feb for winter peak
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh] 105 kWh
ii. Heat [MMBtu] 600 kW equivalent
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] 3 lbs/kWh @ 105 kWh production = 8760 hr/yr x 315lbs =
1380 tons/yr = 69 acres/yr
iv. Other
4. Project Cost
a) Total capital cost of new system $997,500
b) Development cost $500,000 +/-
c) Annual O&M cost of new system $50,000 +/-
d) Annual fuel cost = 1400tons x $35/ton = $49000
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity 9 gal/100 kWh = 78840 gallons of diesel / yr
ii. Heat 24000 gallons per year
iii. Transportation n/a
b) Price of displaced fuel $3/gal x (78840 + 24000) = $308,520
c) Other economic benefits Carbon credits and local payroll
d) Amount of Alaska public benefits 22.8 lbs co2/gal X 102840 gal diesel = 1172 tons of
CO2 offset (traded at $30/ton = $35160)
http://www.epa.gov/oms/climate/420f05001.htm
6. Power Purchase/Sales Price
a) Price for power purchase/sale 25 kWh @ $.24/kW = $52000
80 kWh @ $.11/kWh = $77800
7. Project Analysis
Renewable Energy Fund Round 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 3 10-7-09
a) Basic Economic Analysis
Project benefit/cost ratio $99000 = cost of production $129,800 = sale of electricity
Payback $30,800 return to capital investment (<1% not counting carbon credits)