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Status
Electronic Resource
Call number
Publication
1335; Report; May 1980.
Language
Library's review
ABSTRACT:
There are a number of computer based evaluation techniques that can be used to conduct an economic analysis of a solar energy system. In order to provide a common framework for analysis of different solar industrial process heat solar energy systems, DOE-SAN directed solar energy project
There are a number of computer based evaluation techniques that can be used to conduct an economic analysis of a solar energy system. In order to provide a common framework for analysis of different solar industrial process heat solar energy systems, DOE-SAN directed solar energy project
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contractors to determine annual required revenue and internal rate of return using the methodology developed by W. C. Dickinson and K. C. Brown (1). With this economic analysis technique, certain system parameters; such as solar system installed cost, annual operating and maintenance cost, and net annual solar energy delivered to the industrial process; are estimated for the candidate solar energy system. Then annual required revenue, annualized cost of solar energy, and annualized cost of conventional energy are derived using discounted cash flow techniques. The annual fossil fuel savings and simple payback can also be calculated. Lastly, the internal rate of return on solar equity investment can be determined by trial and error or graphical techniques. Show Less