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Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia

This paper presents a comprehensive calculation analysis of solar panel installation on Wangi-Wangi Island, Wakatobi Regency, evaluating parameters such as installation expenses, net present value (NPV), and payback duration. The unique geographical isolation of Wangi-Wangi Island makes it an ideal...

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Main Authors:	Darmana T., Iwan Tutuka P., Rizki Pratama P., Suyanto H., Rahayu S., Hidayat R., Abidin A.A.B.Z., Renuga A., Verayiah P.
Other Authors:	57211884172
Format:	Conference paper
Published:	Institute of Electrical and Electronics Engineers Inc. 2025
Subjects:	Clean energy Cost benefit analysis Decision making Investments Case-studies Feasibility analysis Financial planning Indonesia Payback periods Renewable energies Solar panel system Solar panels The net present value (NPV) Wangi-wangi island Decentralized finance
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id	my.uniten.dspace-36922
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spelling	my.uniten.dspace-369222025-03-03T15:45:48Z Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia Darmana T. Iwan Tutuka P. Rizki Pratama P. Suyanto H. Rahayu S. Hidayat R. Abidin A.A.B.Z. Renuga A. Verayiah P. 57211884172 59509481000 59508936500 57194069507 57220834615 59509481100 59509348300 59509896200 59509757400 Clean energy Cost benefit analysis Decision making Investments Case-studies Feasibility analysis Financial planning Indonesia Payback periods Renewable energies Solar panel system Solar panels The net present value (NPV) Wangi-wangi island Decentralized finance This paper presents a comprehensive calculation analysis of solar panel installation on Wangi-Wangi Island, Wakatobi Regency, evaluating parameters such as installation expenses, net present value (NPV), and payback duration. The unique geographical isolation of Wangi-Wangi Island makes it an ideal case study for assessing the feasibility and effectiveness of renewable energy technologies. By systematically evaluating historical load data and projecting future energy demands, the analysis revealed that a total capacity of 4.6672 MWp is required, with an installation area of approximately 2.6594 hectares (0.030452% of the island's total area). The projected energy production is 9.3345 MWh per day, requiring over 23,000 panels. The financial analysis estimates an installation cost of Rp70,011,000,000 and annual maintenance expenses of Rp933,480. Despite significant energy savings of Rp12,084,949.64 per year, the payback period is approximately 6,278 years, with an NPV of Rp-69,895,251,558.48, indicating substantial financial challenges. While the transition to renewable energy is essential for sustainable development on remote islands like Wangi-Wangi, the high upfront costs and lengthy payback period pose significant financial barriers. Comprehensive financial planning and strategic decision-making are crucial to ensure the viability and sustainability of such projects. ? 2024 IEEE. Final 2025-03-03T07:45:48Z 2025-03-03T07:45:48Z 2024 Conference paper 10.1109/ICITACEE62763.2024.10762821 2-s2.0-85214712023 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85214712023&doi=10.1109%2fICITACEE62763.2024.10762821&partnerID=40&md5=2c3b2eb2748fa214994c39ff89cb7885 https://irepository.uniten.edu.my/handle/123456789/36922 96 100 Institute of Electrical and Electronics Engineers Inc. Scopus
institution	Universiti Tenaga Nasional
building	UNITEN Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Tenaga Nasional
content_source	UNITEN Institutional Repository
url_provider	http://dspace.uniten.edu.my/
topic	Clean energy Cost benefit analysis Decision making Investments Case-studies Feasibility analysis Financial planning Indonesia Payback periods Renewable energies Solar panel system Solar panels The net present value (NPV) Wangi-wangi island Decentralized finance
spellingShingle	Clean energy Cost benefit analysis Decision making Investments Case-studies Feasibility analysis Financial planning Indonesia Payback periods Renewable energies Solar panel system Solar panels The net present value (NPV) Wangi-wangi island Decentralized finance Darmana T. Iwan Tutuka P. Rizki Pratama P. Suyanto H. Rahayu S. Hidayat R. Abidin A.A.B.Z. Renuga A. Verayiah P. Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia
description	This paper presents a comprehensive calculation analysis of solar panel installation on Wangi-Wangi Island, Wakatobi Regency, evaluating parameters such as installation expenses, net present value (NPV), and payback duration. The unique geographical isolation of Wangi-Wangi Island makes it an ideal case study for assessing the feasibility and effectiveness of renewable energy technologies. By systematically evaluating historical load data and projecting future energy demands, the analysis revealed that a total capacity of 4.6672 MWp is required, with an installation area of approximately 2.6594 hectares (0.030452% of the island's total area). The projected energy production is 9.3345 MWh per day, requiring over 23,000 panels. The financial analysis estimates an installation cost of Rp70,011,000,000 and annual maintenance expenses of Rp933,480. Despite significant energy savings of Rp12,084,949.64 per year, the payback period is approximately 6,278 years, with an NPV of Rp-69,895,251,558.48, indicating substantial financial challenges. While the transition to renewable energy is essential for sustainable development on remote islands like Wangi-Wangi, the high upfront costs and lengthy payback period pose significant financial barriers. Comprehensive financial planning and strategic decision-making are crucial to ensure the viability and sustainability of such projects. ? 2024 IEEE.
author2	57211884172
author_facet	57211884172 Darmana T. Iwan Tutuka P. Rizki Pratama P. Suyanto H. Rahayu S. Hidayat R. Abidin A.A.B.Z. Renuga A. Verayiah P.
format	Conference paper
author	Darmana T. Iwan Tutuka P. Rizki Pratama P. Suyanto H. Rahayu S. Hidayat R. Abidin A.A.B.Z. Renuga A. Verayiah P.
author_sort	Darmana T.
title	Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia
title_short	Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia
title_full	Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia
title_fullStr	Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia
title_full_unstemmed	Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia
title_sort	solar panel installation analysis: a case study wangi-wangi, wakatobi, indonesia
publisher	Institute of Electrical and Electronics Engineers Inc.
publishDate	2025
_version_	1825816249253232640
score	13.244413

Solar Panel Installation Analysis: A Case Study Wangi-Wangi, Wakatobi, Indonesia

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