Economic evaluation of a solar water heating system

This paper describes different methods of analysis of a solar water heating system to determine its economic viability. The solar fraction, required for this analysis, has been calculated with a stimulation program using hourly meteorological data of Singapore. A measured load profile, representin...

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Main Authors:	Hawlader, Mohammad Nurul Alam, Ng, K C, Chandratilleke, T T, SHARMA, D, Koay, K H L
Format:	Article
Language:	English
Published:	Pergamon 1987
Subjects:	TJ163.26 Energy conservation
Online Access:	http://irep.iium.edu.my/22820/ http://irep.iium.edu.my/22820/1/ECM_vol27_no_2_p197_1987.pdf

id	iium-22820
recordtype	eprints
spelling	iium-228202013-06-06T13:42:58Z http://irep.iium.edu.my/22820/ Economic evaluation of a solar water heating system Hawlader, Mohammad Nurul Alam Ng, K C Chandratilleke, T T SHARMA, D Koay, K H L TJ163.26 Energy conservation This paper describes different methods of analysis of a solar water heating system to determine its economic viability. The solar fraction, required for this analysis, has been calculated with a stimulation program using hourly meteorological data of Singapore. A measured load profile, representing the average condition, was used for this program. The economic variables have been selected from the trends shown in previous years. When different economic optimization criteria were applied to the CIAS solar system, it was seen that both the life cycle saving and the annualized life cycle cost lead to the prediction of the same optimum collector area of 1200 m 2. The payback period and the internal rate of return analyses also predicted the same optimum collector area of 1000 m 2, which is smaller than that predicted by the method of life cycle costing. For the economic variables used in this analysis, the minimum payback period is about 14 years. Pergamon 1987 Article PeerReviewed application/pdf en http://irep.iium.edu.my/22820/1/ECM_vol27_no_2_p197_1987.pdf Hawlader, Mohammad Nurul Alam and Ng, K C and Chandratilleke, T T and SHARMA, D and Koay, K H L (1987) Economic evaluation of a solar water heating system. Energy Conversion and Managemen, 27 (2). pp. 197-204. ISSN 0196-8904
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	TJ163.26 Energy conservation
spellingShingle	TJ163.26 Energy conservation Hawlader, Mohammad Nurul Alam Ng, K C Chandratilleke, T T SHARMA, D Koay, K H L Economic evaluation of a solar water heating system
description	This paper describes different methods of analysis of a solar water heating system to determine its economic viability. The solar fraction, required for this analysis, has been calculated with a stimulation program using hourly meteorological data of Singapore. A measured load profile, representing the average condition, was used for this program. The economic variables have been selected from the trends shown in previous years. When different economic optimization criteria were applied to the CIAS solar system, it was seen that both the life cycle saving and the annualized life cycle cost lead to the prediction of the same optimum collector area of 1200 m 2. The payback period and the internal rate of return analyses also predicted the same optimum collector area of 1000 m 2, which is smaller than that predicted by the method of life cycle costing. For the economic variables used in this analysis, the minimum payback period is about 14 years.
format	Article
author	Hawlader, Mohammad Nurul Alam Ng, K C Chandratilleke, T T SHARMA, D Koay, K H L
author_facet	Hawlader, Mohammad Nurul Alam Ng, K C Chandratilleke, T T SHARMA, D Koay, K H L
author_sort	Hawlader, Mohammad Nurul Alam
title	Economic evaluation of a solar water heating system
title_short	Economic evaluation of a solar water heating system
title_full	Economic evaluation of a solar water heating system
title_fullStr	Economic evaluation of a solar water heating system
title_full_unstemmed	Economic evaluation of a solar water heating system
title_sort	economic evaluation of a solar water heating system
publisher	Pergamon
publishDate	1987
url	http://irep.iium.edu.my/22820/ http://irep.iium.edu.my/22820/1/ECM_vol27_no_2_p197_1987.pdf
first_indexed	2023-09-18T20:34:40Z
last_indexed	2023-09-18T20:34:40Z
_version_	1777408966093963264

Economic evaluation of a solar water heating system

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