The Potential Of Solar Energy For Domestic And Commercial Buildings
In this thesis, financial viability of grid-connected solar photovoltaic (PV) system for domestic and commercial buildings which was investigated through the payback period and return on investment (ROI) is presented. The payback period and ROI were determined and compared based on Feed in Tariff...
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| Format: | Monograph |
| Language: | English |
| Published: |
Universiti Sains Malaysia
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| Subjects: | |
| Online Access: | http://eprints.usm.my/58526/1/The%20Potential%20Of%20Solar%20Energy%20For%20Domestic%20And%20Commercial%20Buildings.pdf http://eprints.usm.my/58526/ |
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| Summary: | In this thesis, financial viability of grid-connected solar photovoltaic (PV)
system for domestic and commercial buildings which was investigated through the
payback period and return on investment (ROI) is presented. The payback period and
ROI were determined and compared based on Feed in Tariff (FiT) scheme and revised
Net Energy Metering (NEM) scheme. In Part I of the results, it was found that
consumers under Tariff B with monthly electric bill of RM2500 and RM5000 had the
shortest payback period at 8.7 years for both schemes. In Part II of results, monthly
electric bills of the buildings under the same locations as Part I were obtained and used
for analysis. The payback period of commercial building (average bill of RM5003.43)
under Tariff B – Low Voltage Commercial Tariff had the shortest payback period at
8.2 years for both schemes which tally with the results from Part I. The ROI of solar
PV system installed for this commercial building were 155.03 % (FiT scheme) and
203.65 % (revised NEM scheme). Thus, solar PV system under FiT scheme and revised
NEM scheme would be a financially viable option for commercial buildings with
monthly electric bill of RM2500 and RM5000 under Tariff B. Lastly, the strategies and
plans proposed to support the growth of solar industry in Malaysia were Renewable
Portfolio Standard (RPS), Solar Carve Out, Virtual Net Energy Metering (VNEM) and
solar energy referral program. |
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