Design and Implementation of a 1 MW Grid-Connected Solar PV System: Technical and Economic Analysis

Author(s)	Ms. Rishita Joshi, Dr. Nivedita Singh
Country	India
Abstract	With the rising global demand for clean and sustainable energy, grid-connected solar photovoltaic (PV) systems have become increasingly vital in supplementing conventional power generation. This paper presents the design and techno-economic analysis of a 1 MW grid-tied solar PV plant suitable for Indian climatic conditions. The system is designed to maximize energy generation while minimizing losses and ensuring stable grid interaction. Key aspects include site selection, system sizing, panel and inverter configuration, and performance ratio evaluation using MATLAB/PVsyst tools. A comprehensive cost analysis has been conducted, including capital expenditure (CAPEX), operational expenditure (OPEX), and payback period estimation. The study concludes that the 1 MW solar plant not only reduces greenhouse gas emissions but also offers significant financial returns over its operational life, highlighting its feasibility as a sustainable energy solution.
Keywords	Solar Photovoltaic (PV), 1 MW Solar Plant, Grid-connected System, MATLAB Simulation, Payback Period, Renewable Energy, India, Economic Analysis
Field	Engineering
Published In	Volume 7, Issue 4, July-August 2025
Published On	2025-08-16
DOI	https://doi.org/10.36948/ijfmr.2025.v07i04.53667

About IJFMR Fees & Payment Current Issue Publication Archive	Submit Research Paper Track Submission Status Publication Guidelines Publication Ethics Peer Review & Plagiarism	Join as a Reviewer Editors & Reviewers Reviewer Referral Program Get Reviewer Membership Certi.	Website/Journal Policies Usage Policy Content Policies Privacy Policy

Contact Us		+91-9687-828-838	editor@ijfmr.com

International Journal For Multidisciplinary Research