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RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 1
Application Cost Worksheet
Please note that some fields might not be applicable for all technologies or all project
phases. 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. One acre well field = 16,000 MMBtu
Unit depends on project type (e.g. windspeed, hydropower output, biomasss fuel)
2. Existing Energy Generation
a) Basic configuration (if system is part of the Railbelt1 grid, leave this section blank)
i. Number of generators/boilers/other 4
ii. Rated capacity of generators/boilers/other 966 MBH Total
iii. Generator/boilers/other type Boilers
iv. Age of generators/boilers/other New
v. Efficiency of generators/boilers/other 78.7%
b) Annual O&M cost (if system is part of the Railbelt grid, leave this section blank)
i. Annual O&M cost for labor $5800
ii. Annual O&M cost for non-labor $1500
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] 16,600 gallons
ii. Electricity [kWh] 9,400kWh
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
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 2
iii. Propane [gal or MMBtu] N/A
iv. Coal [tons or MMBtu]
v. Wood [cords, green tons, dry tons]
vi. Other
3. Proposed System Design
a) Installed capacity 1,260 MBH
b) Annual renewable electricity generation
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
4. Project Cost
a) Total capital cost of new system $2,193,521
b) Development cost $185,486
c) Annual O&M cost of new system $14,400
d) Annual fuel cost $45,700 hydro-electricity cost
5. Project Benefits
a) Amount of fuel displaced for
i. Electricity
ii. Heat 16,600 gallons fuel oil
iii. Transportation
b) Price of displaced fuel $5.04 per gallon in 2009
c) Other economic benefits
d) Amount of Alaska public benefits
6. Power Purchase/Sales Price
a) Price for power purchase/sale
Renewable Energy Fund
RFA AEA 09-004 Application Cost Worksheet revised 9/26/08 Page 3
7. Project Analysis
a) Basic Economic Analysis
Project benefit/cost ratio
Payback 34 years
A standard payback analysis is inadequate for evaluating an investment in a facility that will last
40+ years because it does not consider energy price inflation (oil historically 6% per year) or the
time value of money (5.5%). Included in the application is a life cycle cost analysis that shows a
GSHP system is the lowest life cycle cost heating system for this facility over twenty five years.
We feel this is a more reasonable measure of the project’s economic viability than a simple
payback calculation.