Grid-Tied Solar-Powered Administration Building of DHVSU: A Cost-Benefit Analysis

@article{1703619,
      author = {Kenneth Paul C. Sybauco, Carlo Erwin R. Tapit, Mark Joseph D. Turla, Jerwin R. Villafranca; Gia Gabrielle F. Villegas, Freneil R. Pampo; Jan Michael I. Castro},
      title = {Grid-Tied Solar-Powered Administration Building of DHVSU: A Cost-Benefit Analysis},
      journal = {Iconic Research And Engineering Journals},
      year = {2022},
      volume = {6},
      number = {1},
      pages = {193-203},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1703619.pdf},
      abstract = {This study investigates the effectiveness of a Grid-Tied Solar PV System in the Main Administration Building of Don Honorio Ventura State University (DHVSU) through cost-benefit analysis. The solar PV system was designed with its financial and environmental assessment considering recent market prices. The simulation and evaluation of the system are performed using PVSyst software. The several financial parameters affecting the PV system's economic feasibility were considered, such as discount rate, inflation rate, and tariff rate. The environmental aspect of the PV system, such as the reduction in carbon emissions was also taken into account. The designed PV system will yield 138 MWh of energy annually. The simulation results show a net present value of 4,239,284.00 PHP with a payback period of 8.7 years, an inflation rate of 4.9%, and a discount rate of 6%. Additionally, through the 25-year lifetime, the PV system will save 1293.981 tons of CO2 emission.},
      keywords = {Cost-Benefit, Net Present Value, Payback Period},
      month = {July},
  }