Life Cycle Cost Analysis Of Solar Panels

Meanwhile the investment to a solar pv plant will fall rapidly by 10 or more for years to come which means price of on grid pv power will down to 0 39 yuan kwh.

Life cycle cost analysis of solar panels.

Life cycle cost analysis lcca method the purpose of an lcca is to estimate the overall costs of project alternatives and to select the design that ensures the facility will provide the lowest overall cost of ownership consistent with its quality and function. Since 2010 nrel has benchmarked the full cost of pv systems including installation for residential commercial and utility projects. Life cycle cost analysis is an effective tool. With minimum initial investment on solar power panel 4 3 of total cost can be saved over span of 30 years.

A life cycle assessment lca also called a life cycle analysis examines every aspect of a product s life from the gathering of raw materials right up to its disposal and eventual breakdown. The results shows that the average module price is 0 56 wp and the capital investment cost is 1 184 wp. Even environmentally friendly technologies like solar panels have some impact on the environment and it s well worth considering how much energy goes into their manufacture. For a 20 years pv project life time the operation and maintenance cost forms 27 of the total lcc of the system.

The national averageon grid rate of thermal power is 0 34yuan kwh in 2009 which will rise to 0 65yuan kwh by 2020 at a growthrate of 6.