September 25, 2025Omsk Scientific BulletinOpen Access

Economic evaluation of a grid-connected photovoltaic system using PVsystem software

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Economic analysis reveals a levelized cost of energy of 0.0138 EUR/KWh in a grid-connected photovoltaic system, highlighting the potential in Niger.

The levelized cost of energy for the photovoltaic system is 0.0138 EUR/KWh, indicating favorable economics.
The internal rate of return reached 40.92%, showcasing the system’s financial viability and attractiveness.
A payback period of 2.8 years suggests that the investment can recover relatively quickly under current assumptions.
This economic evaluation underlines the untapped solar potential in Niger, where solar irradiance supports photovoltaic deployment.

Kosareva-Volodko et al. (2025) studied this question.

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Economic analysis reveals a levelized cost of energy of 0.0138 EUR/KWh in a grid-connected photovoltaic system, highlighting the potential in Niger.