Financial analysis of PV installations in rural India
- 1Government College of Engineering, Karad, Maharashtra, India
- 2Government College of Engineering, Karad, Maharashtra, India
Res. J. Engineering Sci., Volume 8, Issue (3), Pages 40-43, September,26 (2019)
Acute power crisis in rural India is stress on the people. Hence use of renewable energy is the way to a sustainable future. Photovoltaic technology, one of the cleanest and greenest sources of electricity, has attracted many types of customers with different federal initiatives and incentives. This paper presents study of variability of investment value through different economic performance metrics and compares the PV technology with conventional power generation costs. This study critically defines the cost benefit economic parameters for adopting photovoltaic technology/traditional technology through benefit cost ratio, net present value, profitability index and internal rate of return analysis. Real time case study of Bidal village (Tal-Man; Dist- Satara) demonstrates the applicability of proposed analysis.
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