Economic feasibility of Off Grid Solar PV System

The recent figures on power generation shows that about 50.7 % of the power is being generated from conventional coal fired power stations. The fuels like coal and oil lead to heavy degradation of clean surrounding air. In order to cope with the declination of petroleum reserves and also to reduce pollution Electric automobiles are being designed and implemented on a large scale. This will also necessitate the increased power generation. this paper highlights analytical study of household Solar Rooftop system. The payback period for two different cases is calculated as 7 years and 6 years and the reduction in Carbon dioxide emission is 931 and 136 tons per MWh respectively. The paper gives the explanation based on current market rates and conditions.