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With Illinois aiming for 100% renewable energy by 2050, implementing renewable energy and sustainability systems at educational institutions is vital to Illinois’ transition to a more sustainable energy path. The purpose of this study is to evaluate the economic feasibility of installing a solar photovoltaic (PV) system on top of the Bone Student Center at Illinois State University. Here we suggest different solar PV array configurations that explore the cost of a system versus its efficiency. These configurations are based on solar PV modeling software, and interviews with professionals in the field, which provides the information necessary to conduct an economic assessment of these configurations. Technical analysis information allowed us to create SAM and Microsoft Excel based models for Power Purchasing Agreement (PPA) and ownership financing plans. The results of this study can provide other public institutions, within the state of Illinois, an example of the economic feasibility of installing a solar PV array system on campus.
Briggs, Mitchell and Langbein, Thomas, "Economic Feasibility Of A Solar Photovoltaic System On Top Of The Bone Student Center At Illinois State University" (2021). Technology. 2.