Life Cycle Cost Analysis Of Solar Panels

Energy efficient approach with solar panel system requires initial investment in the range of 1 3 16.

Life cycle cost analysis of solar panels.

A life cycle assessment lca also called a life cycle analysis examines every aspect of a product s life from the gathering of raw materials right up to its disposal and eventual breakdown. Meanwhile the investment to a solar pv plant will fall rapidly by 10 or more for years to come which means price of on grid pv power will down to 0 39 yuan kwh. Life cycle cost analysis lcca method the purpose of an lcca is to estimate the overall costs of project alternatives and to select the design that ensures the facility will provide the lowest overall cost of ownership consistent with its quality and function. Even environmentally friendly technologies like solar panels have some impact on the environment and it s well worth considering how much energy goes into their manufacture.

With minimum initial investment on solar power panel 4 3 of total cost can be saved over span of 30 years. Since 2010 nrel has benchmarked the full cost of pv systems including installation for residential commercial and utility projects. With proposed solar power panel 54 64 of total cost can be saved over span of 25 years. The results shows that the average module price is 0 56 wp and the capital investment cost is 1 184 wp.

This work has grown to include cost models for solar plus storage systems.