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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. Annual allowable cut is approximately 5,000 acres
for all species. It is estimated that 27 acres will be
harvested annually to meet the demands of this
heating system.
See Attachment 4.1.2 Public Review Delta 5 Year
Schedule FY08-12 Spreadsheet
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] Annual heating fuel usage is 48,000 gallons/year of fuel
oil for Delta High School
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
ii. Electricity [kWh]
iii. Propane [gal or MMBtu]
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
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)
[kWh or MMBtu/hr]
Installed capacity: 4,200,000 Btu/hr. Building size is
77,000 sq.ft.
b) Proposed Annual electricity or heat production (fill in as applicable)
i. Electricity [kWh]
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 $1,940,844.00
b) Development cost $189,296.00
c) Annual O&M cost of new system $195,000.00
d) Annual fuel cost $237,800.00
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity N/A
ii. Heat 52,000 gallons
iii. Transportation N/A
b) Price of displaced fuel $214,020.00
c) Other economic benefits The emissions from the Wood Chip Heating System
will greatly reduce particles in the air during the winter
months in Delta Junction. That point alone makes this
a healthier system for the whole community. The
economic impact from this project will hopefully
encourage other businesses to develop in the
Delta/Greely area that will provide alternative fuels for
everyone’s use.
Renewable Energy Fund Round 3
Project Cost/Benefit Worksheet
RFA AEA10-015 Application Cost Worksheet Page 3 10-7-09
d) Amount of Alaska public benefits This is no price tag for cleaner air and healthier school
environments. This project goes beyond dollar savings
for fuel alone and provides life/safety benefits.
6. Power Purchase/Sales Price
a) Price for power purchase/sale N/A
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio 15 year B/C ratio is 1.39, 30 year B/C ratio is 6.20.
Payback Simple payback in 21 years.