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AEA10-015 Grant Application Page 28 of 36 10/7/2009
rALASKA Renewable Energy Fund
ENERGYAUTHORITY Grant Application Round 3
Native Village of Eyak
Cordova Wood and Cardboard Waste to Heat
Break Even Analysis and Assumptions
Section 1. Break Even
Analysis:
Burn Pile (cords)
Cardboard (Ibs)
Total
Fuel Source
1,460
32,000
BTU/cord or lb
14,500,000
6,500
Gross BTU
21,170,000,000
208,000,000
21,378,000,000
Efficiency estimate
75%
75%
Net BTU Provided by
project:
15,877,500,000
156,000,000
16,033,500,000
AEA Funds requested to Provide this Heat Value
to the Community
260,938
Oil BTU/Gal
140,000
140,000
Efficiency Estimate
85%
85%
Net BTU/Gal
119,000
119,000
Gallons needed to produce equivalent Net
wood/cardboard BTU
133,424
1,311
134,735
Cost Per Gallon
5
5
Net Savings from Using Burnable
Waste Instead of Purchasing Fuel Oil
$667,120
$6,555
$673,675
5 year future value of savings benefit to our
community at 6%
$919,810
AEA Funds Requested
$260,938
Return on investment
258%
Break Even Assuming an even benefit
throughout the year
5
Benefit Cost Ratio
2.58
Native Village of Eyak
Wood and Cardboard Waste to Heat
Section 2. Notes and Assumptions:
Gross Estimated
#2 Heating Fuel
#2 Heating Fuel
Size
Source (cords orlbs)
BTU/Cord or lb Gross BTU
BTU/Gal
Cost/Gal
Burn Pile (cords/yr) 1460
14,500,000 21,170,000,000
140,000
5.05
Cardboard (Ibs/yr) 32000
6,500 208,000,000
140,000
5.05
Total
21,378,000,000.00
AEA10-015 Grant Application Page 29 of 36 10/7/2009