Economic Analysis of Solar Wall System in Northern China Heating Region

Abstract:

The economic feasibility of solar wall system was assessed with RETScreen software for 15 widespread locations in northern China heating region. Several different economic and financial indicators were calculated, such as the internal rate of return, net present value, simple payback and benefit-cost ratio. Results showed that the solar wall system was only profitable for four sites according to the current domestic price of solar wall plate and its absorptivity. When the price was reduced or the absorptivity under the condition of invariable price was improved, there were more sites profitable for this system. So, only when the price of energy increases 95% or the price of solar wall plate falls 50%, the solar wall system will be profitable for all sites in northern China heating region.

• Periodical: Advanced Materials Research (Volumes 347-353)
• Pages: 241-245
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.347-353.241
• Online since: October 2011
• Authors: Mi Mi Gong, Xiang Rui Meng, Xin Ling Ma, Xin Li Wei
• Keywords: Economic Analysis, Retscreen, Solar Wall System

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