Economic Feasibility of Solar PV System for Buildings

2018 ◽  
Author(s):  
Bin-Juine Huang ◽  
P.C. Hsu
Keyword(s):  
Economic Feasibility ◽  
Solar Pv ◽  
Pv System ◽  
Solar Pv System

scholarly journals Techno-Economic Feasibility Assessment of Solar PV Water Pumping System In Dryland: Case Study In Madura

Rekayasa ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 168-174
Author(s):  
Nizar Amir
Keyword(s):  
Economic Assessment ◽  
Electrical Energy ◽  
Paddy Rice ◽  
Economic Feasibility ◽  
Solar Pv ◽  
Diesel Generator ◽  
Pv System ◽  
Pumping System ◽  
Water Pumping ◽  
Solar Pv System

Indonesia has enormous solar radiation potential, and it can be converted to electrical energy by utilizing solar PV systems. Mainly the irrigation of paddy rice fields in Indonesia dependent on a diesel-powered water pumping system. A solar PV system can replace this method, and it generates several benefits. The present study proposed the utilization of a solar PV system to drive the water pump based on a 100% renewable power supply. The technological and economic viability assessment of solar PV water pumping system to irrigate paddy rice filed at Telang village, Bangkalan, Indonesia, is investigated. The HOMER software has been used to generate the optimal configuration of a renewable system. Initial capital, net present cost, and cost of energy will evaluate as economic assessment criteria. The solar PV and diesel generator water pumping system also compared. The results showed that for water pumping systems, a solar PV system is more cost-effective than a diesel generator. It has lower annual operational and maintenance costs, 100% renewable energy penetration, and free energy cost.

scholarly journals Design and Economic Analysis of a Grid-connected Rooftop Solar PV System for Typical Home Applications in Oman

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Razzaqul Ahshan ◽  
A. M. Al-Hanshi ◽  
M. A. Al-Naabi ◽  
H. A. Al-Hashmi ◽  
A. H. Al-Badi
Keyword(s):  
Net Present Value ◽  
Systems Design ◽  
Economic Feasibility ◽  
Critical Parameters ◽  
Effect Of Temperature ◽  
Design System ◽  
Solar Pv ◽  
Pv System ◽  
Solar Pv System ◽  
Rooftop Solar

This paper presents a techno-economic investigation of an integrated rooftop solar PV system for typical home applications in Oman that reduces the power consumption from the grid and export excess PV generated power back to the gird. Since renewable energy systems design technically depends on the site, this study selects a typical two-story villa in Al-Hamra, Oman as the site. Temperature is one of the critical parameters in this design as it varies widely over the day and has a considerable variation from one season to another in Oman. With the effect of temperature variation, the PV system has designed using system models for the required load of the home. The available rooftop space and the grid-connection availability are two main design constraints have realized in this study. This research also evaluates the economic feasibility of the design system considering the energy export tariff as per the Bulk Supply Tariff (BST) scheme in Oman. The design outcome reveals that the designed PV system can supply the load energy requirement in a year. In addition, the rooftop solar PV system can sell surplus energy back to the grid that generates additional revenue for the owner of the system. The economic performance indices such as payback period, internal rate of return, net present value, and profitability index ensure the financial feasibility of the designed rooftop solar PV system for the selected home. 

Techno-economic assessment of grid-connected photovoltaic systems in Swedish public buildings

2020 ◽  
pp. 66-79
Author(s):  
Zahabia Gandhi ◽  
Hao Liu
Keyword(s):  
Energy Use ◽  
Economic Feasibility ◽  
Selling Price ◽  
Solar Pv ◽  
Public Buildings ◽  
Pv System ◽  
Usage Rate ◽  
Pv Systems ◽  
Solar Pv System ◽  
Ground Coverage

Sweden aims to achieve near-zero non-renewable energy use in all the newly constructed buildings from 2020. One of the most promising methods of achieving these energy goals and reducing the net energy-use is using solar photovoltaic (PV) systems in buildings. Although some studies have demonstrated this method, the solar PV industry is growing rapidly. Therefore, the study aimed at using sources with the latest information to analyse the true potential of PV systems for the current initial cost of the PV system and tax benefits in Sweden. The study investigates the economic feasibility of a grid-connected solar PV system from a technical and economic perspective for a group of public buildings in Sweden. The hourly energy production and cost of purchasing deficit electricity was simulated for various tilts and ground coverage area to find the optimum tilt and ground coverage ratio of PV panels. The PV energy supply of four different systems – 26 kWp, 75 kWp, 80 kWp, 155 kWp – in different locations was simulated. The overproduction, own usage rate, solar fraction, investment cost, profit over its lifespan and the payback period of each system were compared for the existing as well as improved energy use. Honeybee 0.0.64 and SAM 2018.11.11 was used to simulate energy use and PV production. Results indicate that a system with a high own usage rate and specific yield was profitable when the selling price of electricity (excluding tax refund) was lower. However, a system with a higher production potential became more profitable when the selling price of electricity (including tax refund) was equal or higher than the purchasing price. Additionally, a sensitivity analysis was conducted to demonstrate the feasibility of the system if the price of electricity or interest rates changed in the future. The outcome of this research demonstrates the techno-economic feasibility of implementing a solar PV system in Sweden and provides a set of benchmarks for comparison of such systems around the world.

scholarly journals A Techno-Economic Analysis of Off-Grid Solar PV System: A Case Study for Punjab Province in Pakistan

Processes ◽  
2019 ◽  
Vol 7 (10) ◽  
pp. 708 ◽  
Author(s):  
Muhammad Irfan ◽  
Zhen-yu Zhao ◽  
Munir Ahmad ◽  
Abdul Rehman
Keyword(s):  
Electricity Generation ◽  
Fossil Fuels ◽  
Economic Feasibility ◽  
Energy Output ◽  
Economic Viability ◽  
Rural Electrification ◽  
Solar Pv ◽  
Pv System ◽  
Punjab Province ◽  
Solar Pv System

Fossil fuels are the primary sources of electricity generation in Pakistan. The energy demand and supply gap have intensified recently due to the massive population and fossil fuels are unable to meet the gigantic energy requirement of the country. Meanwhile, they also have adverse environmental impacts. Remote rural regions that are far away from the national grid do not have any means to fulfill their energy needs. The off-grid solar photovoltaic (PV) system has emerged to be the best energy option to electrify these remote regions. However, the strategic problem pertaining to local electricity generation is the absence of the area-specific generation capacity and economic feasibility data for solar energy. To address this problem, this study aims to assess the potential and economic viability of utilizing an off-grid solar PV system for rural electrification in the Punjab province of Pakistan. The research results reveal that there is an excellent solar irradiance in the rural areas of Punjab for electricity generation. In addition, suitable tilt angles have been calculated to increase the energy output of solar PV in the respective regions. Furthermore, this study has undertaken the economic viability for solar PV systems, and it was found that electricity generation from the solar PV costs Pakistani rupees (PKR) 7.15 per kWh and is much cheaper than conventional electricity, which costs PKR 20.7 per kWh. Besides, the system can reduce carbon emissions considerably. If 100% of the unelectrified households adopt solar PV system, then 617,020 metric tons of CO2 could be mitigated annually. Based on research findings, this study has suggested essential policy recommendations that would serve as a guideline for the government and stakeholders to maximum deploy the off-grid solar PV rural electrification programs in Punjab as well as on a national scale.

Comparison Position of Solar PV System : College Learning Building South Lampung

2019 ◽  
Author(s):  
Rishal Asri
Keyword(s):  
Electrical Energy ◽  
Performance Ratio ◽  
Solar Pv ◽  
Pv System ◽  
Solar Pv System ◽  
College Learning ◽  
A Performance

Sunlight is energy that can be converted into electrical energy. One of the uses is by applying it to the roof ofthe building. The application in this building has restrictions such as the placement of the PV moduleshorizontally and vertically. In the study comparing the results of energy obtained from the PV system withhorizontal and vertical positions with a standard degree angle in the direction of azimuth sunlight. Positionusing the horizontal produces more energy and reaches a performance ratio of more than 80%.

Thinking Creatively About Residential Solar PV System Optimization: The Solar Plus Approach

2018 ◽  
Author(s):  
Eric O’Shaughnessy ◽  
Dylan Cutler ◽  
Kristen Ardani ◽  
Robert Margolis
Keyword(s):  
System Optimization ◽  
Solar Pv ◽  
Pv System ◽  
Solar Pv System
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