Study of Cost Analysis and Emission Analysis for Grid Connected PV Systems using RETSCREEN 4 Simulation Software

Abstract

The fast depletion of conventional sources is forcing to use renewable energy sources as replacement to meet the load power demand of any building, which is completely dependent on grids which are dependent on conventional sources for electricity generation and utilization. So, there is a need to reduce this dependency of loads on grids. For this we need to incorporate the grid technologies with CETS to reduce the energy cost of building and thereby reduce consumption of conventional sources. In this paper, analysis is done on combining the PV technology with grid technology for a hostel building of an engineering college in Gunupur, India. We have taken help of RETScreen 4 simulation software to find how much reduction of cost of energy consumption is possible by this combination. This study can help us to find ways for enhancing the life of conventional fuels in existence and know the reduction of greenhouseemissions. This report will consist of the cost analysis and emission analysis as per given by RETScreen 4 simulations which will give a complete idea of cost of establishing this combination and its global impact.