Techno-Economic Viability of Silicon Solar Power System for Domestic supply

Rapid trend of industrialization, depletion of fossil fuel reservoirs and the global warming crisis has led to the escalating consideration of using clean and inexhaustible energy sources. In the development of energy sources in remote regions of the 21^st century, it is necessary to view the use of solar energy in all applications as one of the most promising new and renewable energy sources. Solar energy is becoming increasingly attractive due to availability of resources and environmental benefits. In this paper a detailed study of the complete design and the life cycle cost analysis of the photovoltaic (PV) system is presented. The results of the study indicate that electrifying remote isolated household using PV systems is beneficial and suitable for long-term investments, especially if the initial prices of the PV systems are decreased and their efficiencies are increased where as the cost of fuels are rapidly increasing many folds.