Uplands_600MW Vs FOE_Incentives_C02_v03

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2	https://bit.ly/CompareEndUserAlternative					https://bit.ly/CompareEndUserAlternative
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4						Uplands 600 MW Wind System vs. Accelerated FOE Incentives
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6						Electric Customer Spending Option	Uplands 40 Year Cost	Total MW Installed Solar	Added Solar Homes (at 5 kW each)	Energy Savings Per Solar House Per Month	Avoided CO2 Emissions Over 40 Years Million Metric Tons	Estimated Electricity Cost Savings Per Year BILLION (2022 Dollars)
7						Uplands Wind System	$1,834,230,808	600	0	0	58	$0
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9						Solar Installations Distributed to Homes
10						Current FOE Incentive .26 per watt	$1,834,230,808	4,619	923,817	$140	235	$1.5
11						Doubled FOE Incentive .52 per watt	$1,834,230,808	2,310	461,909	$143	118	$.8
12						2010 FOE Incentive .90 per watt	$1,834,230,808	1,359	271,738	$146	69	$.5
13						Assumptions:600 MW Uplands wind system: (40 Years): $1,319,000 / MW base cost; transmission expenses, blade replacements; 20% Revenue Adder; Operation & Maintenance; land use leases; diverted state tax dollars, other payments to counties/municipalities and decommissioning costs. Distributed Solar Homes (40 Years): $2.50 /watt less .26, .52, .90 per watt Focus on Energy (FOE) incentives, 97% Efficiency; Electricity cost: .26 per kWh 40 year Average; Inflation Rate 2.5% per year; Owner Assumed Solar Costs per 5kW array: $11,000; $9,800; $8,000 and $12,500; Monthly savings include solar panel/installation costs.
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18						Calculations
19																																https://www.eia.gov/outlooks/aeo/assumptions/pdf/table_8.2.pdf
20											Note: 40 year lifespan of the Uplands Wind investment compared to 30 year lifespan for solar is compensated for by reducing the purchased solar capacity by the ratio of 30/40 or 33.3%				Adjusted for difference in technology lifespans
21		FOE DG Solar Install Rate			Assumed Lifespan of Distributed Solar in years →	30					0.6666666667
22		kW	Watts	Cost per kW (see EIA Table 1 scroll right(	Assumed Lifespan of Utility Scale Project in years	Reference 2018 FOE Solar Incentive Program Costs	FOE REBATE AMOUNT PER WATT	Uplands FUNDS INTO FOE	Total FOE Distributed Solar Watts at Uplands Cost	FOE Capacity in MW	Adjusted FOE Capacity in MW adjusting for 30/40 Year difference	DG Solar Capacity Factor	Hours Per Year	Annual MWH	MWH / Total Years	Line Loss Percentage	With Distribution Line Loss less 3% (MWH)	EPA Suggested CO2 Metric Tons Reduced Per MWH	Avoided C02 metric tonsTotal Years	Reference DG Solar Cost per Watt	Number of Households @ 5 kW each	Participating FOE Solar Customers Total Installation cost @ i$2.50 watt less FOE rebate	Average Residential Electric Rate .15 kWh @ 2.5% esc / year over total years	Total Retail Value of Solar Power Produced at 2.5% esc over total years	NET Savings After Solar Purchases for Solar Customers total years	NET Savings Per Household Over Total Years	Savings Per Household Per mo	Initial Solar Cost Per Household	Net Savings Total Years	Gross Benefit to Cost Ratio	Net Benefit to Cost Ratio			esc rate	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025	0.025
23	FOE 2018	15,250	15,250,000		40	$4,037,164	$0.2647	$1,834,230,808	6,928,631,043	6,929	4,619	0.17	8,760	6,878,745	275,149,796	0.97	266,895,302	0.880876	235,101,784	$2.50	923,817	$10,324,897,866	$0.2628	$72,317,226,078	$61,992,328,211	$67,105	$140	$11,176	$61,992,328,211	39.42645919	33.79745229			Year	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	2041	2042	2043	2044	2045	2046	2047	2048	2049	2050	2051	2052	2053	2054	2055	2056	2057	2058	2059	2060	2061	2062	2063
24	FOE 2018 X 2	15,250	15,250,000		40	$8,074,328	$0.5295	$1,834,230,808	3,464,315,521	3,464	2,310	0.17	8,760	3,439,372	137,574,898	0.97	133,447,651	0.880876	117,550,892	$2.50	461,909	$4,551,038,664	$0.2628	$36,158,613,039	$31,607,574,375	$68,428	$143	$9,853	$31,607,574,375	19.71322959	17.23205948			rate	0.15	.15375	.15759	.16153	.16557	.16971	.17395	.17830	.18276	.18733	.19201	.19681	.20173	.20678	.21195	.21724	.22268	.22824	.23395	.23980	.24579	.25194	.25824	.26469	.27131	.27809	.28504	.29217	.29947	.30696	.31464	.32250	.33056	.33883	.34730	.35598	.36488	.37400	.38335	.39294	.40276
25	FOE 2010 (LFHS ref)	8	8,000		40	$7,200	$0.9000	$1,834,230,808	2,038,034,231	2,038	1,359	0.17	8,760	2,023,360	80,934,415	0.97	78,506,383	0.880876	69,154,423	$2.50	271,738	$2,173,903,179	$0.2628	$21,271,876,262	$19,097,973,083	$70,281	$146	$8,000	$19,097,973,083	11.59716442	10.41197924
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27	NO FOE – Reference				40	0	$0.00	$1,834,230,808	484,236,933	484	323	0.17	8,760	721,126	28,845,026	0.97	27,979,675	0.880876	24,646,636	$2.50	64,565	$807,061,555	$0.2628	$7,581,296,700	$6,774,235,145	$104,921	$219	$12,500	$6,774,235,145	4.1332294	3.6932294		rate total	10.51314261
28																																	avg rate / year	$0.263
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30					Cost/MW	Costs
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32	Upland Installed Wind (kW)	600,000	600,000,000	$1,319	$1,319,000	$791,400,000	$1.32	← cost /watt
33	Size of Each Turbine	3,500
34	Number of Turbines	171
35	Lifespan in Years	40
36	Upland Low Voltage Interconnection Costs @ 2X Quilt Block at $19 million					$38,000,000	$0.06	← cost /watt
37	System Interconnection @$100K per turbine					$8,600,000	$0.01	← cost /watt
38	Repowering/Re-blading at 20 years @ $150K/blade86 3 blades					$38,700,000	$0.06	← cost /watt
39	Subtotal					$838,000,000	$1.40	← cost /watt
40	20% Revenue Adder					$167,600,000.00	$0.28	← cost /watt
41	O&M fixed costs $26.22 per kW/ Year from EIA table 1 (scroll right → )	26.22			40	$590,580,000	$0.06	← cost /watt
42	Uplands Lease Payments to 86 landowners @ 4,000 per MW over 40 Years at 2% annual escalation rate					$73,479,379	$0.12	← cost /watt
43	Decommissioning Costs @$400,000 per Turbine	$400,000			$400,000	$68,571,429	$0.11	← cost /watt									With System Transmission Line Loss at -7%		Tons CO2 Avoided @ Fossil Fuel Displacement Rate Suggested by Colby @ EPA
44	Tax Payments, $4,000 per MW per year (entry updated 20220327)					$96,000,000	$0.16	← cost /watt
45									MW	Capacity Factor	Hours Per Year			MWH Per Year	MWH Over Total Years	Line Loss Percentage	Total Years MWH Including Transmission Line Loss	CO2 Metric Ton Displacement Rate Per MWH					Pounds Per MWH	Metric Tons Per MWH	Metric Ton / Pound
46	Uplands Total					$1,834,230,808	$1.97	← cost /watt	600	0.3800	8,760			1,997,280	79,891,200	0.09	72,700,992	0.797869	58,005,870			EE/DG Solar	1,942	0.881	0.000453592400
47																						Utility Scale Wind	1,759	0.798	0.00045359
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50	FOE funds Distributed to Residential Customers	$1,834,230,808
51	% of use of residential customers	0.307
52	residential share	$563,108,858
53	residential customers	2,600,000
54	cost per household over 40 years	$217
55	cost per household per month	$0.60
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60						Electric Customer Spending Option	Uplands 40 Year Cost	Total MW Installed Solar	Added Solar Homes (at 5 kW each)	Energy Savings Per Solar House Per Month	Avoided CO2 Emissions Over 40 Years Million Metric Tons
61						Uplands Wind System	$1,834,230,808	600	0	0	58
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63						As Solar Installations Distributed to Homes
64						Current FOE Incentive .26 per watt	$1,834,230,808	4,619	923,817	$140	235					4.053068826
65						Doubled FOE Incentive .52 per watt	$1,834,230,808	2,310	461,909	$143	118					2.026534413
66						2010 FOE Incentive .9 per watt	$1,834,230,808	1,359	271,738	$146	69					1.19219698
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