Modeling and Optimization of a Residential Solar Stand-Alone Power System

Table 10

System components’ purchase cost.

Component	Price (US$/Unit)	Replacement time (year)	Unit	No. of units required	Purchase Cost ($)
PV	2640	20	1 kW	10.6	27984
Battery	250	5	1 kWh	41	10250
Charge controller	133	20	1 kW	4.5	600
Inverter	500	20	1 kW	4.5	2250