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Solar Energy Engineering, 2nd Edition by Soteris A. Kalogirou

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Chapter 12

Solar Economic Analysis

Abstract

This chapter deals with economic analysis of solar systems. It includes a description of the life cycle analysis and time value of money. The life cycle analysis is then presented through a series of examples, which include fuel cost of a non-solar system, hot water system, hot-water system optimization, and payback time with not discounted and discounted fuel savings. Subsequently, the P1, P2 method is presented as well as the optimization of solar systems using the P1, P2 method and the chapter concludes with an analysis of the uncertainties in economic analysis.

Keywords

Economic analysis; Life cycle Analysis; P1P2 method; Payback time; System optimization; Uncertainties in economic analysis

Although ...

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