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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8963

Title: Economic viability of solar photovoltaic electrification system in households in Kumasi
Authors: Adjei, Akosua Konadu
Issue Date: 28-Sep-2016
Abstract: Ghana faces its fourth energy crisis which started in 2012. This energy challenge and the rising concern of climate change have led to consideration of renewable energy sources for electricity generation in the country. The discrete choice experiment was used to determine the economic viability of solar photovoltaic systems in households in Kumasi as a means of helping reduce the impact of the energy crisis. The conditional logit model in R software was used for the analysis. The effect of prices on the choices of respondents, and their maximum willingness to pay for various types of solar photovoltaic systems were assessed. The findings revealed that households in Kumasi preferred solar photovoltaic systems that powered as many of their appliances as possible at affordable prices. Although willing to pay more for each additional appliance, prospective customers appeared to have a pre-conceived price beyond which maximum willingness to pay was slightly offset. Solar photovoltaic systems are economically viable but require some form of financial assistance to deploy them in Kumasi.
Description: A thesis submitted to the Department of Economics in partial fulfillment of the requirements for the award of the degree of Master of Science in Economics, 2016
URI: http://hdl.handle.net/123456789/8963
Appears in Collections:College of Arts and Social Sciences

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