Revision 2.Attachment 4 to SR 11-117a
Economic Operating Benefit of SOFC Fiscal Years 2014 through 2033 Assumptions System Description: Baseload Output Total Output Percentage Fuel Type Physical Constants: Btus per kWh: Hours per year: HHV to LHV conversion:
Environmental Benefits: State CO2 footprint: Value of CO2 credits: CO2 credits Escalator: Value of RECs: RECs Escalator
400 kW 97% Biogas 3,412 8,760 Hours 1.100
Cost Assumptions: Equipment Price: State Sales Tax Installation Price: Shipping Installed Price Warranty: Warranty Increase:
$8,500 9.75% $375,895 $50 $10,318 $0.040 5.0%
Customer Information: Customer Type Marginal Tax Rate: Discount rate: State Corporate Tax Rate
Government / Non-Profit 0% 3.5% 0.0%
State and Federal Incentives: State SGIP incentive amount: Federal Investment Tax Credit: Federal Investment Tax Credit Cap: Depreciation Schedule:
$ / kW
$ / kW $ / kW $ / kWh per year
Power Assumptions: Avoided cost of electricity: Elec. Px Escalator (1-5): Elec. Px Escalator (6-10): Elec. Px Escalator (11-20): Gas Px. Escalator (15-20) % Net Metering Net Metering Rate Nameplate Capacity Capacity Factor Availability
1,179 $0.00 10% $0.00 5%
lbs / MWh per metric tonne per year per MWh per year
$5,000 per kW 30% $3,000 per kW MACRS 5-yr
$0.132 6.0% 5.0% 3.0% 3.0% 62% see below 420 98% 99%
$ / kWh per year per year per year per year per year $ / kWh kW
Cash Flows
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Year: Project Revenue:
Zero
1
2
3
4
5
6
7
8
9
10
CO2 : Fuel Cell CO 2 emissions (lbs) Annual Avoided C02 vs. Grid (lbs) Electricity: Annual Power Generated (kWh) Price of grid electricity Value of Avoided Electricity Price of net metered power (biogas) Price of net metered power (natural gas) Annual kWh net metered Value of Net Metering
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
716,075 3,291,205
3,398,880 $0.140 $393,760 $0.106 $0.074 586,307 $0
3,398,880 $0.148 $417,386 $0.112 $0.079 586,307 $0
3,398,880 $0.157 $442,429 $0.119 $0.083 586,307 $0
3,398,880 $0.167 $217,192 $0.126 $0.088 2,097,109 $0
3,398,880 $0.177 $230,223 $0.134 $0.094 2,097,109 $0
3,398,880 $0.186 $241,734 $0.141 $0.098 2,097,109 $0
3,398,880 $0.195 $253,821 $0.148 $0.103 2,097,109 $0
3,398,880 $0.205 $266,512 $0.155 $0.108 2,097,109 $0
3,398,880 $0.215 $279,838 $0.163 $0.114 2,097,109 $0
3,398,880 $0.226 $293,830 $0.171 $0.117 2,097,109 $0
52% 24,532 $13.35 $4.01 $0.46 75% $11.47 $281,426 $112,334
52% 24,532 $13.35 $4.30 $0.46 75% $11.55 $283,372 $134,013
52% 24,532 $13.35 $4.55 $0.47 75% $11.62 $285,076 $157,353
52% 24,532 $13.35 $4.79 $0.48 75% $11.69 $286,721 -$69,530
52% 24,532 $13.35 $5.02 $0.48 75% $11.75 $288,308 -$58,084
52% 24,532 $13.35 $5.25 $0.49 75% $11.82 $289,897 -$48,162
52% 24,532 $13.35 $5.49 $0.50 75% $11.88 $291,550 -$37,729
52% 24,532 $13.35 $5.73 $0.51 75% $11.95 $293,205 -$26,693
52% 24,532 $13.35 $5.99 $0.51 75% $12.02 $294,987 -$15,149
52% 24,532 $13.35 $6.26 $0.52 75% $12.10 $296,832 -$3,002
Operating Costs System Efficiency (LHV net AC) Quantity of fuel (mmBTU HHV) Biogas Price: Natural Gas Price: LDC Delivery Charge: Percent Biogas: Unit Price of Fuel ($/mmBTU HHV) Total Cost of Fuel
Operating Income (Years, 1 through 10):
Years 2024 through 2033 2024
2026
2027
Value of Avoided Electricity (3% increase per year)
$302,645
$311,724
$321,076
$330,708
$340,629
$350,848
$361,374
$372,215
$383,381
$394,883
Total Cost of Fuel (3% increase per year)
$173,198
$181,489
$188,311
$188,512
$193,963
$199,575
$205,352
$211,299
$217,422
$223,725
Performance Assurance Plan Options (Bloom Contract)
$222,870
$234,014
$245,714
$258,000
$270,900
$284,445
$298,667
$313,601
$329,281
$345,745
-$93,424 Year One $393,760 $281,426
-$103,779 Year Two $417,386 $283,372
-$112,949 Year Three $442,429 $285,076
-$115,804 Year Four $217,192 $286,721
-$124,234 Year Five $230,223 $288,308
-$133,172 -$142,645 5-Year Total Average Annual $1,700,990 $340,198 $1,424,904 $284,981
-$152,685 10-Year Total $3,036,726 $2,891,374
-$163,322 Average Annual $303,673 $289,137
-$174,587
Utility Cost Savings, 1-10 Years
$112,334
$134,013
$157,353
-$69,530
-$58,084
Net Present Value of Savings, Years 1-10 Net Present Value of Savings (August 2012), Years 1-10 Net Present Value of Savings, Years 1-20 Net Present Value of Savings (August 2012), Years 1-20
$163,717
20-Year Total
$159,547
-$1,171,247.95
Operating Income (Years 11 through 20): Savings Avoided Electric Utility Costs, 1-10 Years Gas Utillity Costs, 1-10 Years
2025
2028
-$598,045 Assumes growth in electricity costs at 3% per annum and fuel costs at 3% -$582,813 per annum, years 11 through year 20.
2029
$276,087
2030
$55,217
2031
$145,352
2032
$14,535 Average Annual -$58,562.40
2033
