Economic Analysis of Rooftop Solar Power Plant at BVRITH – A Case Study

With the increasing energy requirement in modern era, more amount of electricity is being generated, excessive consumption of limited fossil fuel and ever-increasing environmental pollution lead to the demand of alternative energy sources which are clean and green i.e., renewable energy source. Therefore, Green power, environment protection and emission reduction are key factors nowadays in generating electricity. Balancing of these key factors presently, while reducing the capital and operational costs are of prime importance. Cost efficient and reliable supply of electricity must be ensured while expanding the network. In this context, solar energy, using sophisticated technology, is playing very important role. This paper deals with economic analysis of a solar power plant that is to be installed at BVRITH. This study helps in suggesting the number of panels, inverters, and batteries for the installation of solar plant for a location. It not only describes different equipment but also helps in evaluating the economic analysis of electric energy generation and improved results for each proposal. The goal is also to suggest an economically better mode of operation of solar plant i.e., On or Off Grid. Finally, the cost analysis along with the payback period for solar plant installation is analyzed to get into conclusions and to provide further improvement and reference for the industrial use in the future