7.2. Economic Analysis
The objective is to determine the economic viability of a hybrid PV/TEM system as an alternate energy source in hot countries when compared to electricity from the grid. The economic analysis will consider a number of factors such as system location and wattage cost. The following procedure is used to perform the economic analysis [22]:
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Calculus of energy demand (Q).
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Estimation of sunlight hours for the studied site (H).
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Estimation of the lowest solar radiation for the considered site (I).
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Calculus of the capacity of PV system (PVC):