Effect Of PV System Design And Financial Variables On Systems Perfomance And Financial Feasibility

The study investigates the effect of PV sizing design and financial variables effect on PV system. An extensive sensitivity analysis on both design and financial variable was performed in the study. The results indicate that increasing the design variables such as tilt angle, azimuth angle and number of inverters have a positive gain up till a tip off point. Moreover, the financial variables such as inflation, debt fraction, loan rate and loan term have a direct influence on the LCOE and NPV. An optimal choice is to have a higher debt fraction and loan term along with low loan rate.