Abstract

In one and a half hours, enough sunlight strikes the earth’s surface to supply enough energy for one year. Solar technologies harness the power of the sun by using photovoltaic panels or mirrors that focus and convert the energy from the sun’s rays into electrical energy. From this energy, electricity can be generated, or it can be stored in batteries or thermal storage. Photovoltaics (PV) or concentrated solar power are two methods of converting sunlight into electricity. Inexhaustible and renewable, solar energy is harnessed through the use of mirrors and panels and is produced from the Sun’s light - photovoltaic energy. By reducing the cost of battery storage and solar energy, hybrid systems are expected to become more cost competitive. Even at today’s prices of around 6-7 Indian Rupees per kilowatt hour (kWh), solar, wind, and storage can provide reliable round-the-clock power. In order to revaluate the performance, we have compared some of the research work done in the off-grid / off-grid systems simulated using HOMER. As HOMER compares thousands of possibilities at once, you can see how variables beyond your control affect the optimal system, such as wind speed, fuel costs, etc.

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