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Technical & financial feasibility assessment of heat pipe evacuated tube collector for water heating using Monte Carlo technique for buildings

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  • Chopra, K.
  • Tyagi, V.V.
  • Popli, Sakshi
  • Pandey, A.K.

Abstract

The main objective of this work is to clear the economic condition of heat pipe based solar water heating technology in India. For this, a techno-economic analysis has been carried out which offers the facts for the investment in this sector. A computation model has been developed by the amalgamation of the Monte Carlo Technique (MCT) and Multi-energy/economic relations that take into consideration the risks and integrated uncertainties of different variables. The results reveal that LCWH and PP are found to be lowest for Zone-V and will require the least collector area. Since the highest solar radiation in Zone-V eventually reduces the ratio of annual energy demand to annual solar radiation. Thus Zone-V is the most favorable place for the installation of the solar water heater. The mean values of LCWH, NPV, and PP are found to be 5.14 INR/kWh, 663788.48 INR, and 5.84 years respectively. However, values of LCWH, NPV, and PP through optimization were found to be lesser by 25–33%, higher by 9–28%, and lower by 37–47% respectively.

Suggested Citation

  • Chopra, K. & Tyagi, V.V. & Popli, Sakshi & Pandey, A.K., 2023. "Technical & financial feasibility assessment of heat pipe evacuated tube collector for water heating using Monte Carlo technique for buildings," Energy, Elsevier, vol. 267(C).
    • Handle: RePEc:eee:energy:v:267:y:2023:i:c:s0360544222032248
    DOI: 10.1016/j.energy.2022.126338
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    References listed on IDEAS

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    1. K. Chopra & V. V. Tyagi & Sudhir Kumar Pathak & Apaar Khajuria & A. K. Pandey & Nazaruddin Abd Rahman & Muhamad Mansor & Ahmet Sari, 2023. "Impact of Stearic Acid as Heat Storage Material on Energy Efficiency and Economic Feasibility of a Vacuum Tube Solar Water Heater," Energies, MDPI, vol. 16(11), pages 1-18, May.

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