An Empirical Study on Solar Performance, Cost, and Environmental Benefits of Solar Power Supply

Abstract

Developing countries are still using fossil fuels as the conventional method to produce electricity. Pakistan is one of the developing countries which relies on fossil fuels to produce electricity. Based on United Nations 17 sustainable goals and high fuel prices, the government of Pakistan is encouraging the solar power sector and investments from private companies in the technology by reducing tariffs to import solar technology. The report aims to analyze the technical and commercial aspects of solar power generation, net metering, impact on the supply and demand of power generation on the K-Electric grid system, and its environmental impact. The research is applied research based on the data provided by the company. By sustaining the demand for conventional power through solar energy, Pakistan and other developing countries could better perform by increasing solar energy performance.