A User Friendly Approach for Design and Economic Analysis of Standalone SPV System

Abstract

This paper presents the use of solar energy for generation of electrical energy through solar pho-tovoltaic (SPV) system to meet the load requirement of a domestic building. Complete design and economic analysis of SPV system for different costs of SPV module is done and compared with grid electricity for with and without storage conditions. The results of the study encourage the use of SPV system for a residential building and show that SPV system is an economically viable option to meet the exponentially growing electricity requirement for household applications in India.