Economic comparison of solar PV and diesel water pumping system

In today's scenario feasibility of a system is of utmost importance to install it and get the desired output in a more economic and better way. In this study investigation has been done about the feasibility check of solar powered irrigation practice followed in Pipalda Kalan a village in Rajasthan near Kota. To run a submersible pump and supply water to crop a photovoltaic based pump is used to utilize solar energy as the basic source of it. Moreover, same rating pumps of 5 hp of solar as well as diesel have been considered for the economic analysis. Various parameters like benefit cost ratio, net present worth and internal rate of return are considered for the economic analysis and comparison of the two system. The comparison shows that the solar water pumping system was more feasible than the diesel-operated pump.