Table 4 Payback Period calculation for the HRES.
Location | Optimized HRES Configuration | Initial Capital Cost (USD) | Annual Cost (USD/year) | Annual operating Cost HRES (USD/year) | Annual Savings (USD/year) | Simple Payback Period (years) |
|---|---|---|---|---|---|---|
Koopgarh | PV–WT–Battery–Converter | 245,000 | 39,500 | 17,799 | 21,701 | 11.3 |
Kurkheta | PV–WT–Battery–Grid–Converter | 312,000 | 58,600 | 24,950 | 33,650 | 9.3 |
