Publication Type : Conference Proceedings
Publisher : IEEE
Source : 2022 IEEE 7th International Conference on Recent Advances and Innovations in Engineering (ICRAIE)
Url : https://doi.org/10.1109/icraie56454.2022.10054281
Campus : Coimbatore
School : School of Engineering
Year : 2022
Abstract : This work considers a grid connected solar photo-voltaic system with battery to assess technical and economical performances. Real-time load demand data of two different residential consumers with identical solar capacity has been used in this study. To reduce the grid dependency, battery size is redesigned for longer run time. This work also signifies the time of switch over from grid to battery during peak hours thereby providing financial gain to consumers especially when Time of Day (ToD) tariff rates are high. This work also explains that even if the system is installed with similar solar and battery capacities but with different load pattern, the LCOE is identical for both cases, but the payback is different. The annual savings was found to be dependent on load pattern and ToD tariff.
Cite this Research Publication : Laxmi Gopalakrishnan, Aarthi N, Mohanrajan S R, Techno Economic Analysis of Solar Hybrid System for Residential Sector, 2022 IEEE 7th International Conference on Recent Advances and Innovations in Engineering (ICRAIE), IEEE, 2022, https://doi.org/10.1109/icraie56454.2022.10054281