Jacob, Jeeja and Paul Nadakkal, John and Selvaraj, Jeyraj and Kadirgama, Kumaran (2023) Economic analysis of phase change material integrated photovoltaic thermal systems : A short communication. In: IOP Conference Series : Earth and Environmental Science. International Postgraduate Conference for Energy Research 2022, IPCER 2022 , 18 - 19 December 2022 , Hybrid, Kuala Lumpur. pp. 1-7., 1261 (012010). ISSN 1755-1307 (Published)
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Abstract
Solar energy is the most prospective renewable resource that humankind has access to, for acquiring the most usable energy. Photovoltaic thermal systems (PVT) are deemed to be one among the most efficient methods for capturing solar energy because of their distinct ability to produce electrical power by photovoltaic conversion while simultaneously dissipating the heat generated in the process. The necessity of financial investment is a major stumbling block in putting this strategy into action in actual application. This paper delivers updated literature on the economic aspects of PVT-Phase change materials (PCM) systems (installation, operation, and maintenance) that several researchers had carried out. Payback time is taken into account while calculating the profitability of PVT systems. Finally, the performances of several PVT-PCM systems were compared, and the economic analysis confirmed that the PVT system is financially viable. PVT system holds tremendous potential to be incorporated in residential/commercial buildings. The PVT system is a promising technology that still needs refinement in terms of overall efficiency and environmental factors, according to the available literature assessments.
| Item Type: | Conference or Workshop Item (Lecture) |
|---|---|
| Additional Information: | Indexed by Scopus |
| Uncontrolled Keywords: | Photovoltaic system; Solar power generation; Solar cell |
| Subjects: | T Technology > T Technology (General) T Technology > TA Engineering (General). Civil engineering (General) T Technology > TJ Mechanical engineering and machinery T Technology > TL Motor vehicles. Aeronautics. Astronautics |
| Faculty/Division: | Faculty of Mechanical and Automotive Engineering Technology |
| Depositing User: | Mr Muhamad Firdaus Janih@Jaini |
| Date Deposited: | 30 Aug 2024 00:18 |
| Last Modified: | 30 Aug 2024 00:18 |
| URI: | http://umpir.ump.edu.my/id/eprint/41928 |
| Download Statistic: | View Download Statistics |
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