Orange County NC Website
P a g e 18 o f 25 <br /> <br /> <br />Cost Per Ton of GHG’s Reduced <br />N/A <br /> <br /> <br />$3,991.19/ton <br />Unit of Impact: <br />Total # of individuals served/benefitted <br />N/A <br /> 148,696 <br />Cost Per Individual Served/Benefitted N/A <br /> $0.60 <br />Other Unit of Impact: Please describe here <br />Cost Per Unit of Impact <br />Other Unit of Impact: Please describe here <br />Cost Per Unit of Impact <br /> (Please feel free to add rows if necessary to show any additional units of impact.) <br />23. Please describe any avoided <br />financial costs or savings <br />related to the project and over <br />what period of time those <br />costs will be avoided/reduced: <br />Lifetime Avoided Costs - power plant fuel usage and <br />operations/maintenance <br /> The energy generated by the solar photovoltaic array will result <br />in an avoided cost of 3 cents per kWh related to avoided power <br />plant fuel usage and 1.4 cents per kWh related to avoided costs <br />for power plant operations and maintenance. With a yearly <br />production of 102,700 kWh, this will result in an avoided cost of <br />[(102,700*$0.03) + (102,700*$.014)] = $4,518/year. The <br />avoided costs will occur over the solar photovoltaic system’s <br />lifetime of approximately 25-30 years, although the panels will <br />lose some efficiency over time. <br /> <br />$4,518*27.5= $124,245 <br /> <br />Source: Wake Electric Membership Corporation, <br />https://wemc.com/avoided-cost-value-of-solar/ <br />Lifetime Avoided Costs –Town electricity costs <br />Average cost/kWh (2017): $0.13 <br />Annual Electricity Production: 102,700 kWh <br />Avoided Cost/27.5 Years (Average lifetime: 25-30 years): <br />$367,152.50 <br /> <br />24. Does your project accelerate <br />or expand on existing <br />programs that already show <br />positive impact? <br />The project will provide benefits to a building that will provide <br />many resources to the community. <br />25. Does your project also take <br />advantage of other funding <br />sources? <br />The building will be funded by the Town of Carrboro and <br />Orange County. <br />DocuSign Envelope ID: 08DD74BE-CE96-4D90-9C72-8BD18C25E2E7