being applied by public entities. The BCE process
results in recommendations achieved through a
comprehensive process that includes input from the
staff most knowledgeable of the issues and the
affected stakeholders. Conducting BCEs of future
CEAP actions provides a transparent framework for
making financially justifiable decisions that can be
correlated to both energy and carbon reduction.
The process also provided the Team with insights into
the tradeoffs between capital replacement projects
versus longer life-cycle replacement projects that
could potentially be accomplished within departmental
operating budgets.
The Role of
Renewable Energy
Renewable energy comes from natural resources such
as sunlight, wind, rain, tides, biomass, and geothermal
heat.
Under the American Recovery and Reinvestment Act
(
ARRA) of 2009, the federal government made its
largest commitment in the nation’s history to
renewable energy and energy conservation – over $70
billion. A combination of incentives including federal
spending and tax credits has created important new
opportunities that directly impact both the public and
private sectors and also stimulated state governments
to adopt more aggressive policies.
The City has an excellent track record of
implementing many renewable energy projects that
include solar photovoltaic, solar thermal, geothermal,
and methane recovery. The national and state
incentives provide the City of Raleigh with:
An opportunity for grants to allow the City to
self-implement renewable energy projects
An opportunity to partner with private sector
energy companies that could take advantage of
Federal and state tax credits, and pass some of
those savings on to the City
The opportunity to partner with other public
entities such as universities and other non-
profit organizations that are also eligible for
Federal grants
Numerous new products and technologies in a
wide range of renewable energy sectors
The City plans to continue to pursue a diverse array
of renewable energy opportunities on municipal
facilities and land, potentially including small wind and
small hydroelectric projects.
9
The Business Case Evaluation Process –
A Transparent Framework for Decision-Making
Clearly define the problem
Select options to evaluate
Conduct both financial and
non-financial analyses
Develop recommendation
The process follows a standard format that can be
used to evaluate any of the CEAP actions