Techno-economic Benefits of Grid Penetrated 1 MW PV System in India

As the penetration of PV system with the grid has become the crux of a smart grid, the energy savings and monetary benefits associated with its operation have resulted in demand reduction and the reduction of utility bills. This paper presents the techno-economic analysis and benefits of 1 MW grid-connected PV system commissioned at SASTRA Deemed University in Thanjavur, Tamil Nadu, India. The analysis is done by comparing the actual power and energy with and without the PV system.