The National Academies Press

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From page 83... ... 83 Airports not only need to facilitate safe air travel, but also need to do so in an efficient and profitable way. The forces on airports to do so come both from federal legislation and marketbased drivers. Read the entire page →
From page 84... ... 84 Renewable Energy as an Airport Revenue Source 3.1.1.1 Property Lease A land lease for a renewable energy facility on airport property is not particularly different from any other land lease agreement. The airport must assess the fair market value (FMV) Read the entire page →
From page 85... ... Conducting Financial Assessments of Airport Renewable Energy 85 3.1.2.3 Sale of RECs As described in Section 2.4.3 above, owners of renewable energy facilities generate both energy and RECs. The value of the electricity (or heating fuel) Read the entire page →
From page 86... ... 86 Renewable Energy as an Airport Revenue Source updated August 2013 (59) Read the entire page →
From page 87... ... Conducting Financial Assessments of Airport Renewable Energy 87 may be on the low end of the standard deviation. Other data presented by NREL show that solar PV O&M for fixed panels are relatively small and can reasonably be $0.02 per kW (see PVWatts calculator) Read the entire page →
From page 88... ... 88 Renewable Energy as an Airport Revenue Source Plastic collectors concentrate heat from the sun and have increased thermal efficiencies. Thus either system could be applicable to an airport. Read the entire page →
From page 89... ... Conducting Financial Assessments of Airport Renewable Energy 89 3.2.5 Fuel Cells The thumbnail NREL data used for the other renewable energy technologies is not available for fuel cells. However, NREL has developed a cost of renewable energy spreadsheet tool (CREST) Read the entire page →
From page 90... ... 90 Renewable Energy as an Airport Revenue Source 3.4 Funding Sources Funding sources include those that are available to airports and their partners. These include tax exempt financing, grants, and third party financing. Read the entire page →
From page 91... ... Conducting Financial Assessments of Airport Renewable Energy 91 pay costs associated with developing the project. A 2008 Internal Revenue Service (IRS) Read the entire page →
From page 92... ... 92 Renewable Energy as an Airport Revenue Source 3.4.2.1 VALE Program VALE is designed to reduce all sources of airport ground emissions. Created in 2004, VALE helps airport sponsors meet their state-related air quality responsibilities under the Clean Air Act. Read the entire page →
From page 93... ... Conducting Financial Assessments of Airport Renewable Energy 93 facilitate the delivery of energy necessary for the use of these vehicles. These could incorporate renewable energy charging options for airports. Read the entire page →
From page 94... ... 94 Renewable Energy as an Airport Revenue Source BCA must be prepared for projects with capacity projects requesting AIP funds of $5 million or greater or any capacity project requesting a letter of intent (LOI) from the FAA. Read the entire page →
From page 95... ... Conducting Financial Assessments of Airport Renewable Energy 95 it favors projects with near-term (and more certain) benefits. Read the entire page →
From page 96... ... 96 Renewable Energy as an Airport Revenue Source CREST is a suite of five analytic tools, for solar (photovoltaic and solar thermal) , wind, geothermal, fuel cells and anaerobic digestion technologies. Read the entire page →
From page 97... ... Conducting Financial Assessments of Airport Renewable Energy 97 The model takes all the costs entered by the user and creates output charts and graphical summaries of key impacts of the sustainable initiative such as NPV, total or net cost savings, and return on investment (ROI) Read the entire page →
From page 98... ... 98 Renewable Energy as an Airport Revenue Source a business perspective, what the ROI and break-even point of this project will be once all the costs are factored in. To assist other airport sponsors in filling out the necessary inputs for a typical solar project, guidance based on a review of other solar projects and installation costs has been provided. Read the entire page →
From page 99... ... Conducting Financial Assessments of Airport Renewable Energy 99 Figure 3-6. Model output: electricity cost baseline vs project costs. Read the entire page →

From page 83...

... 83 Airports not only need to facilitate safe air travel, but also need to do so in an efficient and profitable way. The forces on airports to do so come both from federal legislation and marketbased drivers.