This paper presents a model for the economic evaluation of solar photovoltaic systems. The economic model takes the leveliged annual cost of the pv system comprises of annual capital recovery cost for the implementation, operation and maintenancd, etc...
This paper presents a model for the economic evaluation of solar photovoltaic systems. The economic model takes the leveliged annual cost of the pv system comprises of annual capital recovery cost for the implementation, operation and maintenancd, etc. The model uses five criteria and is applied for the economic evaluation of pv system.
The obtained results indicated that, cost(₩/kWh)of a pv system for i=12% and a 1,098,900₩/m2 modeule. The leveliged cost of electricity produced with this hypothetical pv is 720.17₩/kWh, assuming a 15% efficient module.