This IQP gives an overview of peak electrical demand and DSM programs in the US and suggests large-scale PV solar projects as a method to mitigate peak demand. New England was chosen for a potential case study, due the declining load capacity, and high electricity prices in the region, and because of the possible PV capacity growth in the next decade. The state of Massachusetts projects the addition of 400 MW of PV solar installations between 2013 and 2021. The state also guarantees a minimum SREC price making renewable investments safer. A financial study in this report shows that a typical 1MW commercial (rooftop) project can be expected to yield 24%-30% Internal Rate of Return (IRR).

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Anjum, Tanvir

Subject

• Sustainability
• Industry
• Energy

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-011013-230943

Keyword

• Renewable energy sources
• Photovoltaic power systems
• Sustainability
• Electric power distribution

Advisor

• Emanuel, Alexander E.

Year

• 2013

Date created

• 2013-01-10

Location

• Boston

Resource type

• Interactive Qualifying Project

Rights statement

• In Copyright