The necessity for technical-economic analysis of solar energy systems is obvious when assessing their feasibility vis-á-vis conventional alternative systems. Optimum magnitudes of the installation parameters should be defined under the required economic conditions. In this study, the optimization procedure was chosen so as to maximize the total accumulated saving throughout the economic lifetime of the system. The annual solar heating fraction of the system is assessed using the f-chart method which can be used for both domestic hot water and space heating. The saving produced by investing in a solar installation is obtained by taking the difference between the total discounted expenditures of the conventional and the solar systems, accumulated during their foreseen lifetimes. To this end, the present value method is applied, taking into account the initial investment costs, fuel costs, operation costs and the maintenance costs for both the solar system and its conventional alternative. Based on this technical-economic analysis, a computer program is developed. This accepts three types of input data: technical design, economic parameters and meteorological conditions, and calculates the optimum magnitudes of the design parameters. It is concluded that economic parameters are much more influential on the system economics than the technical parameters. The most significant are the payback period and the internal rate of return.


An investigation of optimum PV and wind energy system capacities for alternate short and long-term energy storage sizing methodologies
Al-Ghussain, Loiy; Taylan, Onur; Baker, Derek Keıth (Wiley, 2019-01-01)
The goal of this study is to find the optimal sizes of renewable energy systems (RES) based on photovoltaic (PV) and/or wind systems for three energy storage system (ESS) scenarios in a micro-grid; (1) with pumped hydro storage (PHS) as a long-term ESS, (2) with batteries as a short-term ESS, and (3) without ESS. The PV and wind sizes are optimally determined to accomplish the maximum annual RES fraction (F-RES) with electricity cost lower than or equal to the utility tariff. Furthermore, the effect of the ...
Evaluation of hybridsolar-wind-hydrogenenergy system based on methanol electrolyzer
Budak, Yagmur; DEVRİM, YILSER (Wiley, 2020-10-01)
In this study, it is aimed to meet the annual electricity and heating needs of a house without interruption with the photovoltaic panel, wind turbine, methanol electrolyzer, and high temperature proton exchange membrane fuel cell system. The system results show that the use of the 2 WT with 18 PV was enough to provide the need of the methanol electrolyzer, which provides requirements of the high temperature proton exchange membrane fuel cell. The produced heat by the fuel cell was used to meet the heat requ...
The potential and economic viability of solar photovoltaic power in Ghana
Asumadu-Sarkodie, Samuel; Owusu, Phebe Asantewaa (Informa UK Limited, 2016-01-01)
In this study, the potentiality and economic viability of solar photovoltaic (PV) in Ghana was assessed using RETScreen software. 5 MW of grid-connected solar PV power system using SunPower SPR-320E-WHT-D PV module can be harnessed from Navrongo, Bawku, Wa, Tema, Bolgatanga, Axim, Salaga, Kintampo, Kete Krachi, Tamale, Hohoe, Koforidua, Ejura, Takoradi, Bole, Sunyani, Bibiani, Cape coast, Prestea, and Akuse, which requires US$17,752,179 of investment capital and 25,313 m(2) of land for PV installation. The ...
Statistical analysis of solar radiation data
Yilmaz, E.; Cancino, B.; Parra, W. R. (Informa UK Limited, 2007-01-01)
Solar radiation is the most important parameter in the design and study of solar energy conversion devices. The present work is based on statistical analysis of solar radiation data for the city of Valparaiso in the coast region of Chile. Experimental data were obtained from the Santa Maria University in Valparaiso over a five-year period measured by the actinograph and the pyranometer. The error between the actinography values in relation to the pyranometer ones was determined. The most frequent error perc...
A review of the optimization studies for Savonius turbine considering hydrokinetic applications
Maldar, Nauman Riyaz; Ng, Cheng Yee; Oğuz, Elif (Elsevier BV, 2020-12-15)
© 2020 Elsevier LtdThe trend of utilizing renewable energy sources is witnessing a brisk growth around the world. Among the various sources of renewable energy, hydropower is considered the most favorable due to its high potential and distinct advantages such as predictability, high energy density etc. Moreover, to extract the hydrokinetic energy from flowing streams, different designs of hydrokinetic turbines have emerged which operate on a similar principle as the wind turbines. The Savonius turbine is a ...
Citation Formats
E. TASDEMIROGLU and F. ARINC, “A METHOD FOR TECHNICAL ECONOMIC-ANALYSIS OF SOLAR HEATING-SYSTEMS,” ENERGY CONVERSION AND MANAGEMENT, pp. 95–103, 1988, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/66000.