Analysis of Solar Power Generation System Requirements based on Economic Factors in Photovoltaic Specification Selection

Angga Septian MN, Reza Nurdiyansah, Agus Setiawan, Sunardi Sunardi


A solar power generation system is a significant investment, and its economic viability is crucial. Analyzing economic factors helps ensure that the selected photovoltaic specifications are cost-efficient, the financial investment is justified, and the energy needs, the project remains sustainable in the long term. It assists stakeholders in making decisions based on economic considerations, energy production and environmental impact. This research aims to analyze the requirements for solar power generation and the selection of photovoltaics based on economic factors. The results of this research explain photovoltaic specifications in terms of efficiency, capacity, technology, and characteristics to understand how they affect the requirements of solar power generation systems. Based on economic factors such as initial investment costs, operational costs, and long-term economic benefits generated. The simulation of the photovoltaic system indicated that photovoltaics with a capacity of 485Wp, using monocrystalline type Canadian Solar HiKu5 Mono PERC, produce the highest output value of 8 kWp using 15 solar panels. It indicates that these specifications offer a high potential for electricity production. The highest economic value amounts to IDR 71,874,000 with an annual yield of 2,920 kWp. The use of monocrystalline photovoltaics is superior and more durable compared to polycrystalline. However, monocrystalline types tend to be more expensive in terms of price. Nevertheless, investment in types can provide long-term benefits in terms of efficiency, durability, and higher electricity production potential despite the higher initial costs. The selection of photovoltaic types should consider these factors, including available budget, desired efficiency, and overall system requirements.


budget; capacity; durability; efficiency; monocrystalline photovoltaics

Full Text:



Abu-Rumman, A. K., Muslih, I., & Barghash, M. (2017). Life cycle costing of PV generation system. Journal of applied research on industrial engineering, 4(4), 252-258.

Archila, L. M. P., Rodríguez, J. D. B., & Correa, R. (2021). Implicit modelling of series-parallel photovoltaic arrays using double-diode model and its solution. Solar Energy, 214, 131-137.

Calcabrini, A., Muttillo, M., Weegink, R., Manganiello, P., Zeman, M., & Isabella, O. (2021). A fully reconfigurable series-parallel photovoltaic module for higher energy yields in urban environments. Renewable Energy, 179, 1–11.

Cotfas, D. T., Cotfas, P. A., & Machidon, O. M. (2018). Study of temperature coefficients for parameters of photovoltaic cells. International Journal of Photoenergy, 2018.

Dubey, S., Sarvaiya, J. N., & Seshadri, B. (2013). Temperature Dependent Photovoltaic ( PV ) Efficiency and Its Effect on PV Production in the World A Review. Energy Procedia, 33, 311–321.

Fais, B., Blesl, M., Fahl, U., & Voß, A. (2014). Comparing different support schemes for renewable electricity in the scope of an energy systems analysis. Applied Energy, 131, 479–489.

Gonz, D., Garc, I., & Dieste-velasco, M. I. (2021). applied sciences Photovoltaic Prediction Software : Evaluation with Real Data.

González-Peña, D., García-Ruiz, I., Díez-Mediavilla, M., Dieste-Velasco, M. I., & Alonso-Tristán, C. (2021). Photovoltaic prediction software: evaluation with real data from northern Spain. Applied Sciences, 11(11), 5025.

Gurupira, T., & Rix, A. (2017). Pv simulation software comparisons: Pvsyst, nrel sam and pvlib. In Conf.: saupec.

Hasudungan, H. W. V., & Sabaruddin, S. S. (2018). Financing Renewable Energy in Indonesia: A CGE Analysis of Feed-In Tariff Schemes. Bulletin of Indonesian Economic Studies, 54(2), 233–264.

Hernández-Callejo, L., Gallardo-Saavedra, S., & Alonso-Gómez, V. (2019). A review of photovoltaic systems: Design, operation and maintenance. Solar Energy, 188, 426–440.

Hidayat, F., Winardi, B., & Nugroho, A. (2019). Analisis Ekonomi Perencanaan Pembangkit Listrik Tenaga Surya (Plts) Di Departemen Teknik Elektro Universitas Diponegoro. Transient, 7(4), 875.

Jäger-waldau, A. (2020). Snapshot of Photovoltaics—February 2020. February.

Khajavi, S. H., Partanen, J., & Holmström, J. (2014). Additive manufacturing in the spare parts supply chain. Computers in industry, 65(1), 50-63.

Kumar, R., Rajoria, C. S., Sharma, A., & Suhag, S. (2021). Design and simulation of standalone solar PV system using PVsyst Software: A case study. Materials Today: Proceedings, 46, 5322–5328.

Mengi-Dinçer, H., Ediger, V., & Yesevi, G. (2021). Evaluating the International Renewable Energy Agency through the lens of social constructivism. Renewable and Sustainable Energy Reviews, 152, 111705.

Numbi, B. P., & Malinga, S. J. (2017). Optimal energy cost and economic analysis of a residential grid-interactive solar PV system- case of eThekwini municipality in South Africa. Applied Energy, 186, 28–45.

Ponce-Alcantara, S., Connolly, J. P., Sanchez, G., Miguez, J. M., Hoffmann, V., & Ordas, R. (2014). A statistical analysis of the temperature coefficients of industrial silicon solar cells. Energy Procedia, 55, 578–588.

Salmi, M., Baci, A. B., Inc, M., Menni, Y., Lorenzini, G., & Al-Douri, Y. (2022). Desing and simulation of an autonomous 12.6 kW solar plant in the Algeria’s M’sila region using PVsyst software. Optik, 262, 169294.

Santiago, I., Trillo-Montero, D., Moreno-Garcia, I. M., Pallarés-López, V., & Luna-Rodríguez, J. J. (2018). Modeling of photovoltaic cell temperature losses: A review and a practice case in South Spain. Renewable and Sustainable Energy Reviews, 90, 70–89.

Shuai, J., Cheng, X., Ding, L., Yang, J., & Leng, Z. (2019). How should government and users share the investment costs and benefits of a solar PV power generation project in China? Renewable and Sustainable Energy Reviews, 104, 86–94.

Shukla, A. K., Sudhakar, K., & Baredar, P. (2017). Renewable energy resources in South Asian countries: Challenges, policy and recommendations. Resource-Efficient Technologies, 3(3), 342–346.

Suripto, H., & Fathoni, A. (2021). Analisis Kelayakan Pembangkit Listrik Tenaga Surya; sebuah review berdasarkan data histori, metode analisis, dan nilai ekonomi. Aptek, 33-41.

Tabanjat, A., Becherif, M., & Hissel, D. (2015). Reconfiguration solution for shaded PV panels using switching control. Renewable Energy, 82, 4–13.


  • There are currently no refbacks.