AEEI Related Energy Project Assessment Tools
The Agricultural Energy Efficiency Initiative’s cost-share program can partially fund a renewable energy feasibility study for program participants who completed the energy audit process and, based on their management goals, have implemented all relevant energy efficiency retrofit opportunities having a simple payback period of less than 5 years. The feasibility study must:
- satisfy the criteria for the USDA Rural Development REAP program, and
- include a project screening model output from the RETScreen Clean Energy Project Analysis Software, please contact John Ignosh regarding certain project-specific exceptions to this requirement
RETScreen is a unique decision support tool, provided free-of-charge, to evaluate the energy production and savings, costs, financial viability and risk for various types of Renewable-energy and Energy-efficient Technologies (RETs). RETScreen enables participants to explore a variety of “what-if” scenarios to see how a solar PV system might work on their poultry house, or how a solar water pumping unit would perform, or the potential energy-cost savings in swapping a propane-fired heater with biomass pellets, among many other scenarios. The RETScreen program is a free Excel-based program, which utilizes research-based information, and incorporates an energy and financial analysis model to enable sensitivity analysis to anticipate the effect from variations from predicted to the actual performance, costs, and revenue.
“The RETScreen Clean Energy Project Analysis Software is the world’s leading clean energy decision-making software. It is provided completely free-of-charge by the Government of Canada. RETScreen significantly reduces the costs (both financial and time) associated with identifying and assessing potential energy projects. These costs, which arise at the pre-feasibility, feasibility, development, and engineering stages, can be substantial barriers to the deployment of Renewable-energy and Energy-efficient Technologies (RETs). By helping to break down these barriers, RETScreen reduces the cost of getting projects on the ground and doing business in clean energy. RETScreen allows decision-makers and professionals to determine whether or not a proposed renewable energy, energy efficiency, or cogeneration project makes financial sense. If a project is viable—or if it is not—RETScreen will help the decision-maker understand this: quickly, unequivocally, in a user-friendly format, and at relatively minimal cost.” [Full Excerpt and More Details Available at: RETScreen]
RETScreen’s “Five Step Standard Analysis” Framework