Abstract:
For the development of a country, electrical energy is essential. For Bangladesh electricity
generation cost is increasing rapidly as a result a solution is important to reduce the
generation cost. At present, the scenario of power generation all over the world are mainly
dependent on fossil fuel that is not climate-friendly and produces greenhouse gas that is
responsible for global warming. Solar PV energy can be a solution. This solar PV model is
designed by using a software tool named HOMER Pro. To design this study solar
radiation, area, solar panel, and inverter price operation and management cost are
considered. Total initial costs are $52639. We find a simple payback period of 8.7 years
and an discount payback period is 12.16 years. An energy production cost is 0.0239 $/kwh
that’s is lesser than the electricity purchase price. 1270 tCO2 is gas emission is reduced
every year. It is not only economically benefited but also environmentally benefited This
study find that solar PV is financially feasible.
