Design and Economic Analysis of a Grid-connected Rooftop Solar PV System for Typical Home Applications in Oman
Author(s) -
Razzaqul Ahshan,
A. M. Al-Hanshi,
Mohammed Al-Naabi,
H. A. Al-Hashmi,
A. H. AlBadi
Publication year - 2020
Publication title -
electrical science and engineering
Language(s) - English
Resource type - Journals
ISSN - 2661-3247
DOI - 10.30564/ese.v2i2.2188
Subject(s) - payback period , tariff , photovoltaic system , internal rate of return , renewable energy , net present value , profitability index , grid , environmental economics , grid connected photovoltaic power system , revenue , engineering , environmental science , automotive engineering , business , electrical engineering , finance , economics , inverter , maximum power point tracking , geography , production (economics) , geodesy , voltage , international trade , macroeconomics
Article history Received: 20 July 2020 Accepted: 26 August 2020 Published Online: 30 November 2020 This paper presents a techno-economic investigation of an integrated rooftop solar PV system for typical home applications in Oman that can reduce 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 (Home), in a site Al-Hamra, Oman. Temperature is one of the critical parameters in this design as it varies widely over the day and 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 design process has included two main design constraints, such as the available rooftop space and the grid-connection availability for the selected home. 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.
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