Benefits of Installing a Photovoltaic Power-Generation System for a Warehouse Facility

Abstract

Abstract Sustainability and eco-friendliness of the chain of supply is a subject of interest among many researchers. New eco-friendly solutions are being implemented in production, storage, and transportation of the entire chain of supply. This study focuses on pro-environmental solutions related to warehouse management. The publication describes a project of installing a solar photovoltaic (PV) system to generate electric power at the H&W Warehouse in New Brunswick, New Jersey. The purpose of this publication is to demonstrate the financial and environmental benefits of using sustainable forms of energy. The environmental benefits were calculated from the perspective of lowering the amount of carbon dioxide (CO2) released into the atmosphere. The financial benefits were determined by calculating the net present value (NPV), internal rate of return (IRR) and profitability index (PI) as well as regular and discounted payback. A computer simulation was being used as the research method. Calculations included in the publication have proven that the project being considered is beneficial from the financial and environmental perspectives.