Assessment of Viability of Battery Storage with Residential Solar PV System using System Advisor Model

Growing interest in renewable energy sources has proliferated the installation of residential solar PV systems all over India, with support from the government in the form of subsidies. The Indian government plans to achieve 450GW of solar energy by 2030. This requires implementing battery energy storage systems (BESS) for grid and load management. This research focuses on the financial and technical viability of implementing hybrid solar PV systems on the residential level by implementing a proper model on SAM (System Advisor Model) software and analyzing parameters to check the system's feasibility. Various simulations are run to check the cases of models and do a systematic analysis. Proper input parameters have been taken to make it as close to actual life systems as possible. The results are then analyzed, and proper objective conclusions are made for the solar PV systems with BESS/ hybrid PV systems. The work done in this paper can be perused for raising awareness and incentivizing the public to invest in BESS and solar PV systems.