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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8519

Title: Financing Implications of Going Domestic Solar Photovoltaic Energy: A Case of Selected Homes in Brong Ahafo Region
Authors: Tiwaa, Vivian
Issue Date: 6-Apr-2016
Abstract: Solar Photovoltaic (PV) energy has recently become the fastest growing renewable energy source. This thesis focuses on financing implications of going domestic photovoltaic energy. The Economic Evaluation and Analysis were done using MS Excel program to investigate the financing implications and cash flows from the Solar Home System and the Grid Power Supply for home owners with energy needs. A Life Cycle Cost analysis was adopted to evaluate and facilitate a prospective home owner to arrive at an optimal energy investment plan between Solar Photovoltaic generation and Grid Power Supply. It was seen that the Life Cycle Cost for Solar Home System and Grid power supply were GH¢11028.80 and GH¢10791.31 respectively. While the initial capital expenditure of these energy sources were GH¢16900 and GH¢2164 respectively. A 900W solar home system has payback period of 14 years. The revelations regarding Life Cycle Cost means that Solar Home System is 2.15% expensive than the grid power supply in Ghana and it is also 87.20% expensive than grid power supply in terms of initial capital expenditure. The high initial cost or capital expenditure account most likely for the relatively low usage of solar power systems in Ghana as compared to the grid. However, it is worthy to note that, the two alternatives compete well from consumers‟ perspective. It is thus economically attractive and prudent for a prospective energy consumer to give preference to solar energy due to its reliability, cost savings and environmentally friendly than the grid power supply given the current frequent power cuts in Ghana.
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)
URI: http://hdl.handle.net/123456789/8519
Appears in Collections:College of Arts and Social Sciences

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