Reduction of Utility Bill through Hybrid Solar System and Net Metering

International Journal of Electrical and Electronics Engineering

© 2020 by SSRG - IJEEE Journal

Volume 7 Issue 2

Year of Publication : 2020

Authors : Muhammad Nabeel Hussain, Prof. Agha ZafarUllah, Irfan Ahmed, Muhammad Aqib Lodhi

10.14445/23488379/IJEEE-V7I2P101

How to Cite?

Muhammad Nabeel Hussain, Prof. Agha ZafarUllah, Irfan Ahmed, Muhammad Aqib Lodhi, "Reduction of Utility Bill through Hybrid Solar System and Net Metering," SSRG International Journal of Electrical and Electronics Engineering, vol. 7,  no. 2, pp. 1-6, 2020. Crossref, https://doi.org/10.14445/23488379/IJEEE-V7I2P101

Abstract:

In this research proposal we introduce with novel approach the net metering through solar hybrid system integrated with grid. As we know the demand of electricity increases as the use of modern electronic devices has increased manifold in household. The main purpose of this research is to develop knowledge about the residential generating station from solar photovoltaic cell near to consumer site. This study has been pursuit to assure if solar energy is cost beneficial over a 25 years period for residential, commercial and agricultural sector. The results show it will be also a great business and helpful to all the consumer to earn profit and earn back their capital through net metering.
In Pakistan, in 2015 the net metering incentive has introduced by National Electric Power Regulatory Authority (NEPRA), which allows wind and photovoltaic (PV) distributed generation systems from 1kWp up-to 1MWp to sell surplus units of electricity to the grid and net them off against the units which are consumed from the grid. This paper presents a detailed conduct economic analysis of prosumers of Sukkur Electric Power Company (SEPCO) Pakistan, having net metering systems of 7kW and 10kW solar distributed generation (DG). Detailed economic analysis has been simulated by using HOMER Pro®, a micro grid optimization software. Economic analysis gives result of the (NPC) net present cost, (LCOE) levelized cost of electricity, (IRR) internal rate of return, (ROI) return on investment and calculate payback period of the system. Results illustrate that as DG generation capacity is increased, the payback period and LCOE decrease.

Keywords:

Net metering; Distributed Generation; Photovoltaic; LCOE; NPC; IRR; ROI.

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