Abstract
The limited availability of fossil fuels such as coal and increasing air pollution levels due to the burning of coal have pushed the trend of generating electricity from fossil fuels to generating it from locally available renewable resources. It is expected that the cost of electricity will decrease when locally available renewable resources are used. In this paper, it was proposed to commission a solar PV system in a part of an academic building of SRM IST University. The present study is an effort in-line with many initiatives taken up by the Indian Government. The performance index of solar PV system was analyzed. Supporting data were obtained from the NASA PDAV tool and then techno-economical analysis was carried out on HOMER. The average performance ratio and capacity factor of the solar PV system were obtained as 64.49% and 14.90%, respectively. For the optimal configuration, the net present cost and the levelized cost of electricity are $639,981 and $0.34 per kWh, respectively. As per the estimation, there will be no air pollution due to the proposed configuration, whereas if only a diesel generator is commissioned, then 200,417 kg of carbon dioxide will be emitted annually.