Economic Feasibility Analysis of On-Grid PV System without Battery Storage for a Commercial Building in Karachi, Pakistan

Abstract

The prospect of global warming has seen the world's transition towards zero carbon energy sources. Amongst the renewable energy technologies, solar photovoltaic (PV) and wind are the most mature. This paper discusses the modeling of on-grid solar PV system without battery storage along with its performance analysis. In the latter part of the paper, economic feasibility and the reduction in carbon emissions from the project are also calculated. The calculations and analysis discussed in the paper are performed for head office building of Jubilee Life Insurance Company Limited, located in Karachi, Pakistan. The city has longitude of 25°N and latitude of 67°E.