The need for a standard procedure for calculating the cost of solar energy is stressed. A procedure is proposed, similar to those currently used by power and fuel handling authorities, and based on unit cost of energy used. This concept is applied to compare the cost of energy provided by solar radiation with the cost of the same amount of energy, if it were to be provided by other energy sources that can be purchased, viz. oil, gas, electricity, LPG, wood, etc. The technique is extended to predict the likely cumulative benefit or loss, in present worth dollars, that the owner of the plant could expect in the future if he were to invest in solar energy now.
|Number of pages||5|
|Publication status||Published - 1 Jan 1978|
|Event||Sun, Mankind's Future Source of Energy, Proc of the Int Sol Energy Soc Congr - New Delhi, India|
Duration: 16 Jan 1978 → 21 Jan 1978
|Conference||Sun, Mankind's Future Source of Energy, Proc of the Int Sol Energy Soc Congr|
|City||New Delhi, India|
|Period||16/01/78 → 21/01/78|