Solar Photovoltaic Power Vs Diesel Power generation

(+) Virtually maintenance free (-) High-maintenance

(+) Saves Money (-) Smoke / pollution
(+) No pollution (-) High running cost
(-) High Initial Investment (+) Low upfront cost
DIESEL
Year 1 2 3 4
Price of 12.5 KVA DG set 2,00,000
Diesel Fuel Costs per day 570
per year (assuming 300 days) 171000 171000 171000 171000
Maintenance and Lube oil costs 7500 7500 7500 7500
Total Costs DG SET 1st year 3,78,500 1,78,500 1,78,500 1,78,500
Monthly costs 31541.67

SOLAR
Year 1 2 3
Rs.
Price of Solar Panels 16,00,000

Tax benefits (100% depreciation) 16,00,000

Maintenance and replacement costs 14000

Daily Savings 650
Total Savings /year Rs. 1,87,200 187200 187200

Rs.
After Subsidy Price of Solar panels 11,34,000
Solar Diesel

Payback calculation 11,34,000 3,78,500 1

7,55,500 1,78,500 2
5,77,000 1,78,500 3
3,98,500 1,78,500 4
2,20,000 1,78,500 5
41,500 1,78,500 6
1,78,500 7
1,78,500 8
1,78,500 9
1,78,500 10
BASE Information
Diesel rate : Rs / Liter 38
Fuel Conumption : L / KWH 0.3
Area sq m 170
Power Requirement KW 10
Cost Of 12.5KVA DG set 2,00,000
Cost Per watt of Solar power 160
Maint. & lube oil costs Rs /
KWH 0.5
Power requirement per day (H) 5
Subsidy :30% of cost
100 % accelerated depreciation