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Study of a Photo-voltaic (PV) System Using Excel: Economic Analysis, Modeling, Simulation, and Optimization

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2012 ASEE Annual Conference & Exposition


San Antonio, Texas

Publication Date

June 10, 2012

Start Date

June 10, 2012

End Date

June 13, 2012



Conference Session

Energy Conversion and Conservation Poster Session

Tagged Division

Energy Conversion and Conservation

Page Count


Page Numbers

25.1201.1 - 25.1201.11



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Paper Authors


Constantine Nicholas Tzouanas

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Constantine Tzouanas is a freshman at Clear Lake High School, Houston, Texas. His interests are in economics and renewable energy systems.

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Vassilios Tzouanas University of Houston, Downtown

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Vassilios Tzouanas is an Assistant Professor of control and instrumentation in the Engineering Technology Department at the University of Houston, Downtown. Tzouanas earned a diploma in chemical engineering from Aristotle University, the master's of science degree in chemical engineering/process control from the University of Alberta, and the doctorate of philosophy degree in chemical engineering/process control from Lehigh University. His research interests focus on process control systems, process modeling, and simulation. His industrial professional experience includes management and technical positions. He is a member of AIChE.

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Economic Analysis, Modeling, Simulation and Optimization of a Photo-Voltaic (PV) System ABSTRACTThis paper is concerned with the economic analysis as well as modeling, simulation andoptimization of a Photo-voltaic (PV) system. The impact of PV system location, wattage cost,loan interest rates, and government incentives on its economics is analyzed. Modeling,simulation and Optimization of the PV system is accomplished using Microsoft Excel and itssolver functions. A user friendly Microsoft Excel application has been developed to perform theeconomic analysis and system optimization. Economic analysis results clearly show that futureresearch emphasis must be placed on developing more efficient PV system materials at lowerwattage cost. The simulation and optimization results of the system are compared and are inagreement with experimental data reported for the MSX 60 PV system. Furthermore, to the bestof the authors’ knowledge, this is the first reported work where Microsoft Excel, an inexpensiveand widely used tool, is used to model and optimize a PV system.Note: this student led paper is to be considered for poster presentation.

Tzouanas, C. N., & Tzouanas, V. (2012, June), Study of a Photo-voltaic (PV) System Using Excel: Economic Analysis, Modeling, Simulation, and Optimization Paper presented at 2012 ASEE Annual Conference & Exposition, San Antonio, Texas. 10.18260/1-2--21958

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