Economic Evaluation of Integrated Solar Water Heating System in Different Configurations: A Case Study

Abstract

Well known economic methods available in literature have been used for the economic evaluation of small-sized integrated solar water heating system (flat plate and evacuated tubular collector) operating under different climatic conditions. Results obtained clearly indicate that the economic evaluations depend not only on the technology and climate but on the specific financial assumptions, as well. Consequent economic evaluations are indicative of the changes that other countries can expect if they can adopt similar incentives.