Economic Feasibility Study Of Phovoltaic-utility Interactive System

Abstract

This study examines the economic feasibility of a photovoltaicutility interactive system. This system is presently technologically feasible and environmentally sound. The major drawback, however, is the cost. The primary objective of this work is to examine a commercially available photovoltaic system and compare it with conventional systems, utility-grid systems. A life-cycle cost method is utilized and sensitivity analysis is performed on the results. Government incentive and its impact is also examined. A spreadsheet model is developed to assist the author in the calculation of the annual equivalent cost of the systems.