Life-Cycle Cost Analysis of a Solar Energy Based Hybrid Power System

Abstract

The importance of life-cycle cost analysis of an integrated solar power system is explained in this paper. To analyze the energy power and cash flow computations, there exist many commercial types of energy audit softwares like Emat, Optimizer, Homer, Energy gauge, Treat and so on. Among the aforementioned audit softwares, homer software is selected since it consists of several built-in options to perform audit studies. Homer software basically utilizes the concept of finding the total net present cost to represent the life-cycle cost of the total system. This software is vividly used for obtaining the optimized energy audit solutions to integrate several equipments embedding into a single workable system