Cost Benefit Analysis on Installing Solar Energy Systems for Residential and Commercial users in India

EXECUTIVE SUMMARY 

The global energy market is looking for new sources of  non-conventional energy whereby existing methods of energy generation like Solar Photovoltaics have technologically surged. This advancement has led to higher adoption by  consumers in  residential and commercial sectors. Government policies have also been favourable in support of implementation Solar Energy Generation Systems. In such a scenario there exists a need to analyse the economic potential  of  solar  PV’s  and  their  financial  impact  created  in  terms  of  individual  consumer utility. As the different types of consumers rely on Solar PV’s for energy generation, a singular figure pinpointing cost benefit is difficult to derive as the costs related to Solar Energy systems are affected by many environmental factors that are both internal and external like geographic location, supporting government policies, Panel efficiency of systems, Maintenance cost etc. Hence  through  a  thorough  analysis  of  such  similar  factors  and  taking  into  considerations several assumptions, approximations can be made which would benefit the end consumer and in approaching to decide the right Solar PV system and also eliminate the chances for loss in their investment decision. As India slowly approaches the goal of producing sustainable energy this research would help Indian consumers in understanding the potential of Solar PV’s in energy generation and also provide insights on identifying relevant parameters into selection of Solar Energy Generation systems.

TABLE OF CONTENTS 

Title Page 

Certificate from internal faculty guide 

 Declaration by the student 

Acknowledgement 

Executive Summary 

List of Tables and Figures 

ONE 

Introduction 

1.1 An Introduction to the Study 

1.2 Statement of the Problem 

1.3 Objectives 

1.4 Significance of the Research 

1.5 Methodology 

1.6 Limitations 

TWO 

Business Profile 

2.1 Scenario of Solar Energy Generation Systems in India 

2.2 Parameters to consider while buying Solar PV system 

2.3 Type of Solar Panels and Energy generation systems 

2.4 Cost of Solar PV System 

2.5 Government subsidies for solar rooftop installation 

2.6 Tax benefit for commercial and industrial solar PV users 

THREE 

Review of Literature 

FOUR 

Data Collection and Analysis 

4.1 Tools to Calculate Economic Feasibility of PV systems 

4.2 Economic Feasibility of Solar PV systems using LCOE 

4.3 Cost Benefit Analysis of Solar PV systems 

4.3A 1 KW On Grid Solar Rooftop System 

4.3B 1 KW Off Grid Solar Rooftop System 

4.3C 1 KW Hybrid Solar Rooftop System 

4.3D 5 KW On Grid Solar Rooftop System 

4.3E 5 KW Off Grid Solar Rooftop System 

4.3F 5 KW Hybrid Solar Rooftop System 

4.3G 10 KW On Grid Solar Rooftop System 

4.3H 10 KW Off Grid Solar Rooftop System 

4.3 I 10 KW Hybrid Solar Rooftop System 

4.4 Comparative Analysis of PV systems 

4.4A 1 KW: Chart comparing LCOE of 3 types of PV systems 

4.4B 5 KW: Chart comparing LCOE of 3 types of PV systems 

4.4C 10 KW: Chart comparing LCOE of 3 types of PV systems 

4.5 Comparing Capacity Cost of 3 types of PV systems 

FIVE  Findings

SIXConclusion and Recommendation 

References