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on
=collector area
K =proportionality constant
ECONOMIC ANALYSIS
ANNUAL COST
Annual cost of solar system installed is the sum of number of
factors as mention below
ANNUAL COST =FUEL EXPENSES + REPAYMENT ON
LOAN + MAINTENANCE COST + ELECTRICAL ENERGY
BILLS +LOCAL TAXES – TAX DEDUCTION
ECONOMIC FISIBILITY
Economic viability of system depend upon the saving which will
accrue annually on a long term basis as a result of installation of
solar system. Which can be calculated as