Life Cycle Cost Analysis Of Solar Panels

Meanwhile the investment to a solar pv plant will fall rapidly by 10 or more for years to come which means price of on grid pv power will down to 0 39 yuan kwh. Energy efficient approach with solar panel system requires initial investment in the range of 1 3 16. For a 20 years pv project life time the operation and maintenance cost forms 27 of the total lcc of the system.

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Since 2010 nrel has benchmarked the full cost of pv systems including installation for residential commercial and utility projects.

Life cycle cost analysis of solar panels.

The results shows that the average module price is 0 56 wp and the capital investment cost is 1 184 wp. A life cycle assessment lca also called a life cycle analysis examines every aspect of a product s life from the gathering of raw materials right up to its disposal and eventual breakdown. Life cycle cost analysis lcca method the purpose of an lcca is to estimate the overall costs of project alternatives and to select the design that ensures the facility will provide the lowest overall cost of ownership consistent with its quality and function. With minimum initial investment on solar power panel 4 3 of total cost can be saved over span of 30 years.

With proposed solar power panel 54 64 of total cost can be saved over span of 25 years. The national averageon grid rate of thermal power is 0 34yuan kwh in 2009 which will rise to 0 65yuan kwh by 2020 at a growthrate of 6. Even environmentally friendly technologies like solar panels have some impact on the environment and it s well worth considering how much energy goes into their manufacture. Life cycle cost analysis is an effective tool.

This work has grown to include cost models for solar plus storage systems.

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