Financial assessment of solar PV system in residential sector of Malaysia

Energy usage and its respective become a controversial issue in the modern world. Energy is considered as one of the indispensable factors for continuous development and economic growth. One of the main sources of energy is fossil fuels which is limited; therefore, it is necessary to use another sou...

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Main Author:	Karamouz, Mohammad Iman
Format:	Thesis
Language:	English
Published:	2014
Subjects:	TA Engineering (General) Civil engineering (General)
Online Access:	http://eprints.utm.my/id/eprint/78268/1/MohammadImanKaramouzMFKA20141.pdf
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id	my-utm-ep.78268
record_format	uketd_dc
spelling	my-utm-ep.782682018-08-03T08:46:51Z Financial assessment of solar PV system in residential sector of Malaysia 2014-01 Karamouz, Mohammad Iman TA Engineering (General). Civil engineering (General) Energy usage and its respective become a controversial issue in the modern world. Energy is considered as one of the indispensable factors for continuous development and economic growth. One of the main sources of energy is fossil fuels which is limited; therefore, it is necessary to use another sources for energy such as renewable energy. One of the most useful source of renewable energy is solar energy. The energy generated from solar is clean and natural without contaminating noise, harmful emission and waste products. Malaysia is situated at the equatorial region with a high amount of solar radiation. It has a promising potential to establish large scale solar power installations. Among the wide range types of different buildings, residential buildings are considered as one of the biggest energy consuming sector in the world. The aim of this study is to investigate the financial potential of solar PV systems in residential buildings in Malaysia. To achieve the aim of study, at the first step number and capacity of each component of suitable PV system was estimated. Then with using retail price information of each component that gathered from local manufacturers or exporters in Malaysia, the cost of each component of solar PV system and the price of whole system was estimated. Then the annualized life cycle costs of the system were calculated. At the Last stage of the study, the payback period of initial investment, net present value (NPV), and Internal rate of return (IRR) of the project were determined. 2014-01 Thesis http://eprints.utm.my/id/eprint/78268/ http://eprints.utm.my/id/eprint/78268/1/MohammadImanKaramouzMFKA20141.pdf application/pdf en public http://dms.library.utm.my:8080/vital/access/manager/Repository/vital:79356 masters Universiti Teknologi Malaysia, Faculty of Civil Engineering Faculty of Civil Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TA Engineering (General) Civil engineering (General)
spellingShingle	TA Engineering (General) Civil engineering (General) Karamouz, Mohammad Iman Financial assessment of solar PV system in residential sector of Malaysia
description	Energy usage and its respective become a controversial issue in the modern world. Energy is considered as one of the indispensable factors for continuous development and economic growth. One of the main sources of energy is fossil fuels which is limited; therefore, it is necessary to use another sources for energy such as renewable energy. One of the most useful source of renewable energy is solar energy. The energy generated from solar is clean and natural without contaminating noise, harmful emission and waste products. Malaysia is situated at the equatorial region with a high amount of solar radiation. It has a promising potential to establish large scale solar power installations. Among the wide range types of different buildings, residential buildings are considered as one of the biggest energy consuming sector in the world. The aim of this study is to investigate the financial potential of solar PV systems in residential buildings in Malaysia. To achieve the aim of study, at the first step number and capacity of each component of suitable PV system was estimated. Then with using retail price information of each component that gathered from local manufacturers or exporters in Malaysia, the cost of each component of solar PV system and the price of whole system was estimated. Then the annualized life cycle costs of the system were calculated. At the Last stage of the study, the payback period of initial investment, net present value (NPV), and Internal rate of return (IRR) of the project were determined.
format	Thesis
qualification_level	Master's degree
author	Karamouz, Mohammad Iman
author_facet	Karamouz, Mohammad Iman
author_sort	Karamouz, Mohammad Iman
title	Financial assessment of solar PV system in residential sector of Malaysia
title_short	Financial assessment of solar PV system in residential sector of Malaysia
title_full	Financial assessment of solar PV system in residential sector of Malaysia
title_fullStr	Financial assessment of solar PV system in residential sector of Malaysia
title_full_unstemmed	Financial assessment of solar PV system in residential sector of Malaysia
title_sort	financial assessment of solar pv system in residential sector of malaysia
granting_institution	Universiti Teknologi Malaysia, Faculty of Civil Engineering
granting_department	Faculty of Civil Engineering
publishDate	2014
url	http://eprints.utm.my/id/eprint/78268/1/MohammadImanKaramouzMFKA20141.pdf
_version_	1747817948229140480

Financial assessment of solar PV system in residential sector of Malaysia

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