Integrated Techno-Economic Evaluation of Solar Energy Conversion Systems: Linking Efficiency with Economic Performance

Abstract

The paper discusses the potential of solar energy as a renewable form of power in hydronic environments with sunlight. A techno-economic study was conducted on whether solar thermal collectors could sustainably and effectively operate small-scale experimental models of thermal desalinization conceived by the very researchers who developed them. Besides temperature, irradiance and heat flow; thermal efficiency as monitored from the temperature of the panel while it dissipates heat, type of fluid used and angle at which the panel is oriented relative to the sun’s path comprises.

Results indicated that under adequate sunlight and favorable conditions, solar thermal collectors are highly efficient in converting sun’s rays into usable heat. Technoanalysis combination with economic analysis helps to develop bigger models applicable for different locations and enhances understanding about the feasibility of these systems .This research possesses a significant scientific merits which will attract future solutions based on solar energy and water having sun as their primary energy source.