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Publication Date
2023
Document Type
Poster
Degree Type
Graduate
Department
Technology
Mentor
Jin Jo
Mentor Department
Technology
Abstract
Academic institutions in the US are massive consumers of energy. The population density of these institutions is a crucial factor in why there is such energy consumption. With many corporations and even the federal government beginning to divest fossil fuel sources and promote renewable energy sources, academic institutions should support such efforts. In this case study, we perform techno-economic analyses of two commercial-scale solar PV systems on top of the Bone Student Center and Milner Library at Illinois State University using Helioscope and the System Advisory Model. With these proposed designs, we determined financial parameters such as the upfront cost and payback period of the system. We also evaluated different financial plans by comparing direct ownership, a hybrid PPA agreement, and a PPA agreement to suggest the most cost-effective option for ISU when incorporating these system designs.
Recommended Citation
Duncan, Michael and Isaksson, Melker, "Techno-Economic Analysis to Optimize Solar Photovoltaic System Implementation on Illinois State University Campus" (2023). University Research Symposium. 423.
https://ir.library.illinoisstate.edu/rsp_urs/423