While the use of green energy has gained popular
support and efforts have been made to market it, few studies have investigated
the economic advantages and the savings that could be gained by implementing
green solutions for energy challenges. This study aims to measure the financial
viability of installing and using a residential grid-connected photovoltaic
(PV) system in the State of Indiana while predicting its performance in
eighteen geographical locations within the state over the system’s expected
lifetime. A systematic approach of six steps was used to collect and analyze
the data. The analysis has been condcutded using engineering economic methods
including payback period, net present value (NPV) and internal rate of return
(IRR). It has been found that installing a PV system for a single family
residence in the State of Indiana will not pay for itself within 25 years
assuming the average cost of a system. The government incentive programs are
not enough to offset the cost of installing the system against the cost of the
electricity that would not be purchased from the utility company.
Net present value internal rate of return payback period residential solar PV system renewable energy State of Indiana
Bölüm | Articles |
---|---|
Yazarlar | |
Yayımlanma Tarihi | 30 Aralık 2016 |
Yayımlandığı Sayı | Yıl 2016 |
Journal of Business, Economics and Finance (JBEF) is a scientific, academic, double blind peer-reviewed, quarterly and open-access journal. The publication language is English. The journal publishes four issues a year. The issuing months are March, June, September and December. The journal aims to provide a research source for all practitioners, policy makers and researchers working in the areas of business, economics and finance. The Editor of JBEF invites all manuscripts that that cover theoretical and/or applied researches on topics related to the interest areas of the Journal. JBEF charges no submission or publication fee.
Ethics
Policy - JBEF applies the standards of
Committee on Publication Ethics (COPE). JBEF is committed to the academic
community ensuring ethics and quality of manuscripts in publications.
Plagiarism is strictly forbidden and the manuscripts found to be plagiarized
will not be accepted or if published will be removed from the publication. Authors
must certify that their manuscripts are their original work. Plagiarism,
duplicate, data fabrication and redundant publications are forbidden. The
manuscripts are subject to plagiarism check by iThenticate or similar. All manuscript submissions must provide a similarity report (up to 15% excluding quotes, bibliography, abstract, method).
Open Access - All research articles published in PressAcademia Journals are fully open access; immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited. Open access is a property of individual works, not necessarily journals or publishers. Community standards, rather than copyright law, will continue to provide the mechanism for enforcement of proper attribution and responsible use of the published work, as they do now.