Clean Energy from the Sun: Design and Analysis of Solar Energy Systems
Keywords:
Simulation, Return on Investment, Levelized Cost of Energy, Photovoltaic, Efficiency, Energy systemAbstract
Solar energy has the potential to meet a substantial portion of global energy demands through effective capture and utilization of sunlight. However, economic viability, environmental sustainability, and performance optimization remain critical challenges in large-scale adoption. This study aimed to assess these factors through a photovoltaic (PV) model, considering variables like efficiency, capacity factor, degradation rate, and energy yield. Simulation methods using Matlab-Simulink incorporated local weather trends and advanced modeling tools to predict PV output based on temperature and solar radiation. Economic analyses revealed a competitive Levelized Cost of Energy (LCOE) of $6.50 per kWh, with a 7-year payback period and an 8.5-year Return on Investment (ROI). Environmentally, the PV system demonstrated a low carbon footprint (3,500 kg CO₂eq), with plans for local replanting and ongoing sustainability monitoring. Findings underscore solar energy's feasibility and its role in reducing environmental impact, supporting future clean energy initiatives.
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