OGUNYEMI, J and AKINTOLA, O.M and Mathew, T.O (2022) COST BENEFIT ANALYSIS OF SOLAR INSTALLATION IN AN ACADEMIC ENVIRONMENT. In: 2nd International Conference, 10-11 November 2020, The Federal Polytechnic, Ilaro.
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Abstract
Solar system’s penetration is increasing globally as result of advancement in technology. In developing world such as Nigeria, the inadequate power supply has forced many to adopt standby generators as solution with its attendant noise pollution. Thus, there is a draw back in the delivery of services in many academic Institutions as a result of unstable power supply. The major barrier to wider acceptance of solar technology is initial cost. Recently, at the Department of Electrical Engineering, Federal Polytechnic Ilaro, the installation of 4kVA solar system was carried out to solve the perennial power problem. This paper assesses the impact of solar installation in such a typical academic environment. The cost benefits of both systems were compared. The cost benefit analysis (CBA) was carried out for a period of 20 years. The results show that the total expenditure on solar inverter system and generator will be 11.5 million naira and 32.7 million naira respectively. This shows that a sum of 21.2 million would be saved over the period of 20 years. Also, the incessant noise pollution and CO2 have been effectively eliminated. The result shows that investment in solar is worthwhile both for economic and environmental factors. Efforts should therefore be geared towards replacing standby generators with alternative sources such as renewable energies like solar system.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Solar system, Gasoline generator, power supply |
| Subjects: | T Technology > TK Electrical engineering. Electronics Nuclear engineering |
| Divisions: | Faculty of Engineering, Science and Mathematics > School of Electronics and Computer Science |
| Depositing User: | Joy Oluwabukola Olayiwola |
| Date Deposited: | 03 Apr 2023 12:16 |
| Last Modified: | 03 Apr 2023 12:16 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/2202 |
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