Design, Simulation and Economic Analysis of A Rooftop Solar PV System in Vietnam

Abstract

Installing a grid-connected rooftop solar system for a household is an important issue; therefore, there are many factors that need to be considered before the installation is decided. The main factors to be noted are the total cost of the installation, the amount of electricity generated as well as the government's support policies for the development of solar energy. This article presents the design, simulation and economic analysis of an 8.36kWp grid-connected rooftop solar power project for a household in Thu Dau Mot City, Vietnam. The study calculates the generated electricity, the efficiency of the Photovoltaic(PV) power system, the ability to reduce the amount of CO2 emitted into the environment and the economic indicators of the project. This research is useful for stakeholders investing in residential rooftop solar PV systems and Vietnam’s energy policymakers as well.