2009 1st International Conference on the Developements in Renewable Energy Technology (ICDRET) · 2009 · 12 citations · 0 references
AgricultureResource EconomicsEnergy EconomicsEnergy SystemsRenewable Energy SystemsEnergy Management SystemsEnergy StorageEnergy UseRenewable EnergySolar Energy SystemsSolar Photovoltaic SystemsBattery Energy StorageEnergy System Cost-benefit AnalysisSolar Home SystemsSolar InsolationSolar Photovoltaic Power SystemsSolar Photovoltaic Storage IntegrationSolar Photovoltaics Economics
Energy costing for a Solar Home System has been presented here considering the main cost components. It has been identified that the cost of solar PV panels, bank interest rate, cost of battery and its longevity plays the most important role in determining the energy cost. Average solar insolation is also taken into consideration and the results show that contribution of the storage battery towards the total cost of energy is significantly higher than that of the solar PV panel.