Assessment of Renewable Air-Conditioning Using Economic Feasibility Procedures

Authors : Tosin T. Oye*, Keng Goh, Naren Gupta, Toyosi K. Oye

Volume/Issue : Volume 5 - 2020, Issue 3 - March

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The renewable energy utilization is attaining numerous recognition and diverse assessment is obligatory to be executed for several innovations which has in turn become a general system requirement. The increasing application of fossil fuels is virtually not only triggering swift energy sources depletion; nevertheless, deliberately manufacturing harmful gases which in turn directly impacts humanity. Therefore, this paper addresses the economic assessment of renewable air- conditioning using ARR, NPV, IRR and payback period technique. Knowing the obscured fossil fuels effects and its consequences to human wellbeing is key for assessing renewable-based air-conditioning using economic feasibility practices and for underpinning further remarkable conclusions for imminent energy production.

Keywords : Air-conditioning; Renewable energy; Economic assessment; Energy consumption; Carbon emissions; Health effects.


Paper Submission Last Date
29 - February - 2024

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