Economic Analysis and Modeling Process of Photovoltaic Power Systems

Abstract

The importance of renewable energy sources is increasing in our world. Solar energy is the most natural, unlimited, ergonomic, environmentally friendly, useful and available everywhere source among of the renewable energy sources. The installed capacity of solar energy in electricity generation is increasing rapidly all of the countries. The most important part of photovoltaic power installed projects is cost-effective of projects for these systems installations because millions of dollars are being invested to it. This study is crucial in this respect. An example of location is determined and is designed for photovoltaic installation according to the European Commission Photovoltaic Geographical Information System for the city of Van where is the east of Turkey. Needs of the system, system equipments, design style and how it should be established are indicated and worked while considering the geographical coordinates of the location. A detailed study has been prepared taking into consideration all these data. It is a fact that such a system designing would serve as an example for all photovoltaic applications in the world.