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To convert from Btu/lb, see calculator above.Unit Conversions: Enter $/tonConversion to $/t_Fuel Cost: Cost of fuel in $/dry metric ton, to convert from $/short ton, see calculator above/Federal Tax Rate: For federal tax calculations+State Tax Rate: For state tax calculationsSCombined Tax Rate: combined federal and state tax rate to which project is subject|Interest Rate on Debt Reserve: Interest income earned on reserve account if financing institution requires security depositdGeneral Inflation: Overall inflation rate used to adjust current dollar result to constant dollars.>Escalation--Fuel: Rate at which fuel cost escalates over timeCEscalation--Other: Rate at which other expenses escalate over time<Debt ratio: Fraction of financing covered by debt borrowingDEquity ratio: Fraction of financing covered by corporate investment?Cost of Equity: Rate of return on equity portion of investment^Cost of Money: Weighted cost of investment for full investment including both debt and equityUCapital Recovery Factor: Factor used to compute level annual cost from present worthdAnnual Equity Recovery: Uniform annual revenue required to earn stipulated rate of return on equityCAnnual Debt Payment: Uniform annual payment needed to pay off debtDebt Reserve: Funds placed in reserve account as security deposit. Sometimes required by financing institution to ensure debt repayment if plant operation is stopped for some period, typically up to one year.JDepreciation Schedule: Fraction of capital asset depreciated in each yearfThis example assumes a 20 year economic life with no salvage value and gives cash flows for each year.$/kWhAnnual Fuel Consumption (t/y)Fuel Ash Concentration (%)CFuel Ash Concentration: Fraction of ash in fuel, percent dry basisAnnual Ash Disposal (t/y)tFuel Consumption Rate: Fuel rate in dry metric tons per hour, to compare short tons per hour, see calculator above. Enter t/hConversion to tons/hrSI UnitsProduction Tax Credit ($/kWh)Economic Life (y)FractionTax Credit Schedule Tax CreditTaxes w/o credit;Escalation--PTC: Specified index for production tax credit%Net Station Electrical Efficiency (%)Total Facility Capital Cost ($) Capital Cost!Total heat production rate (kWth)Recovered heat (kWth)Gross Electrical Capacity (kWe)Parasitic Load (kWe)Fuel Power (kW)0Capital cost per net electrical capacity ($/kWe) Enter $/MMBtuAnnual Net Generation (kWh)"Total income from heat sales ($/y)Annual heat sales (kWh/y)LSee Heat Sales Price Conversion calculator above for conversion from $/MMBtuGEscalation--Sales price of heat: escalation rate applied to heat sales%Electricity Capacity Payment ($/kW-y)4Fraction of total heat production available for saleJTotal heat production rate equal to fuel power less gross electrical powerRecovered heat production rateTotal annual heat energy sales/Example: Biomass Combined Heat and Power (CHP)dCapital Cost: Total installed cost of plant including electrical plus heat recovery and distributionNet Electrical Capacity (kWe)RNet Electrical Capacity: Size of plant based on net power output to grid or sales<Gross Electrical Capacity: Total gross generating capacity :Parasitic Load: Electrical power used to operate facility5Economic Life: Example assumes 20 year economic life MACRS--5 yearMACRS--10 yearStraight Line--20 year'Gross Station Electrical Efficiency (%)!Overall CHP Efficiency--Gross (%)Overall CHP Efficiency--Net (%)&Aggregate sales price for heat ($/kWh)(Aggregate fraction of heat recovered (%)Labor Cost ($/y)Maintenance Cost ($/y)Insurance/Property Tax ($/y)Utilities ($/y)0Ash Disposal ($/y)--use negative value for salesManagement/Administration ($/y)Other Operating Expenses ($/y)($/kWh-net electrical)Total Non-Fuel Expenses ($/y)Expenses--base yearThis simplified model computes both the current $ and constant $ level annual cost of electricity for a model biomass CHP facility6Heat income per unit net electrical energy ($/kWh-net)Electrical and Fuel--base yearHeat--base year.Labor Cost: Cost of labor to operate facility0Maintenance Cost: Cost of maintaining the plant_Insurance/Property Tax: Cost of insurance for the plant plus any property or other local taxes\Ash Disposal: Cost of ash disposal from plant, use negative value when ash is sold at valueVManagement/Administration: Cost for administrative personnel and other administration@Tax Credit Schedule: Fraction = 1 if received in year, 0 if notKUtilities: Purchased utilities including power, gas, water, waste disposalOther Operating Expenses: All other expenses for operating the plant, for example natural gas not included in utilities, chemicals, or additives--*Current $ LAC of Electrical Energy ($/kWh)+Constant $ LAC of Electrical Energy ($/kWh)#Total Expenses Including Fuel ($/y)*Production Tax Credit on Electrical EnergyIncome--CapacityIncome--Heat sales ConventionaljCapacity Payment: Payment made from power purchaser if plant can guarantee capacity (depends on contract)*Escalation for Production Tax Credit (%/y)Escalation--Heat sales (%/y)ACapital costs shown are for example only. Actual costs may vary.Heat Sales Price Conversion:Fraction in YearCaseBase($)Relative Change(%) LAC Constant($/kWh) LAC CurrentSensitivity AnalysisFormula Values Fuel Cost($/t) Heat Price Debt Ratio Efficiency+Net Station Efficiency: heat sales price =Debt Interest RateCost of EquityCapacity Factor COE Current COE ConstantRelative Change in COE6Enter base, minimum, and maximum values in input cellseInterest Rate on Debt: Interest rate applied to debt portion of investment. Value must be non-zero.0 :\8/ ' R!. 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