Research Article
Thermoeconomic Analysis of a Solar-Assisted Industrial Process Heating System
Table 2
Parameters and assumptions for economic analysis.
| | Input parameters | System | | PVT | FPC | HPETC |
| | Total capital cost with DC water heater (RM per m2) | 2714 | 2613 | 2814 | | Total operation and maintenance costs (RM per m2) | 150 | 125 | 150 | | Interest rate (%) | 14 | | Discount rate (%) | 8 | | Incremental cost/year (%) | 3 | | Electricity price (RM/kWh) (TNB tariff) | 0.365 | | Plant life period (year) | 20 | | Other revenue income | CERs from CDM:
Global high scenario (80 USD per ton)
Global low scenario (40 USD per ton) | | Degradation rate | 5% |
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Note: 1 USD is taken as 4.27 MYR during the conduct of this research study.
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