Applications of photovoltaic systems—An economic appraisal with reference to india

A simple methodology for analyzing the economic viability of photovoltaic systems is proposed. The methodology is applied to the different near-term applications of photovoltaic systems both in the commercial and the rural sector with reference to India conditions. It is concluded that most of the photovoltaic systems are economically viable provided some long-term financial policy is envisaged and a few technical innovations in the balance of systems are made.