| Author: | Sanjay Kumar; Tiwari, G N; Sinha, S |
| Advisor: | Advisor |
| Date: | 1993
|
| Publisher: | |
| Citation: | Energy Con
|
| Series/Report no.: |
|
| Item Type: | Article
|
| Keywords: | solar; economic; feasibility |
| Abstract: | This communication introduces the basic concepts for techno-economic feasibility assessment of various solar thermal systems in a dynamic and market oriented economic environment. An analytical expression for calculating the payback period is derived by assuming a non-linear increase in maintenance cost and incorporating subsidy and salvage values. Further, a method is evolved to ascertain the lifetime of the system for an optimal return on investment mode, incorporating capital inflation during the lifetime and a non-linear increase in maintenance cost. The results for the payback period have been used, along with the lifetime, to optimize the cost of the system. |
