How to simulate a project with a DOE loan award

I am trying to model the Solana CSP Generating Station and was wondering how to properly input a DOE loan award to the financing portion of the simulation.

Do i use to it calculate the debt fraction for the financing portion, use it in the construction loan, or simulate it as an Investment Based Incentive(IBI).

Hello,

I am not familiar with the "DOE loan award," so am not sure how to recommend modeling it.

If the award is structured like a typical loan where you borrow a percentage of the total installed cost, and then make principal and interest payments over the loan period, I would use the debt fraction, loan interest rate, and loan period inputs to model it.

SAM models an IBI as a single payment in Year zero of the project cash flow (you specify whether the payment is taxable in Year 1). That would be appropriate if the award is a one-time grant.

The construction load inputs in SAM calculate a Year 0 cost to cover construction period financing charges. I don't think that would be appropriate to model the DOE award.

Best regards,
Paul.