Feasibility study of using 2kWp residential PV system comparing with 2.5kVA gasoline generator (Case study: Baghdad city)

The economic analysis is the most important parameter in the engineering projects. The current research aims to propose economic and financial analysis in order to assess the feasibility for a 2kWp designed Pv system with a battery capacity of 500Ah for each residential consumer of Baghdad city in Iraq comparing with a 2.5kVA gasoline generator and thus calculating the total expected revenue from the use of PV system against using conventional electricity generation sources (gasoline generator). The economical evaluations in this work clarified that the life cycle cost of the conventional source (gasoline generator) is approximately doubled the life cycle cost of the PV system for a 2kWp system capacity. This result indicates that the using of PV system for residential sector in Baghdad city is feasible when compared with conventional electricity source.