TECHNO-ECONOMIC ANALYSIS OF SOLAR PV SYSTEM

It has been largely observed that the traditional energy resources make damage to the nature. These energies are also called non nonrenewable. It is possible and easy to seek the alternative energy sources to save the environment. Solar energy, wind power, and geothermal heat can be the best alternatives.These energies are also called renewable energies.It is the solar energy that can be dominantly used at the lowest cost. The location for the Solar Power Plant is determined by solar isolation availability along with other essential factors and considerations. The solar system can be calculated in terms of panel generation factor, energy required from PV modules, total watt peak ratings,required PV modules, inverter andbattery sizing, PV modules circuit and land required. The project installation cost can be taken into consideration with the help of such important factors as module, inverter, design, engineering, management, installation labor, operation, maintenance coast,levelized cost of energy and capacity factor. The present paper is the study of the Solar Power system analysis presented with technical and economicalfeasibility to meet the load demand of 30kWh / day. The system requires 6 series arrays and 4 parallel plan 24 solar panels. The required area is 569.96 m2. The levelized cost of energy 25 years will be 6.3327Rs. / kWh having 5% escalation. https://journalnx.com/journal-article/2015053