Feasibility Study on the Provision of Solar Energy in Rural Area Using Solar Panel

This work attempts to satisfy the desire to meet the energy demand in schools and most rural areas, Net Present Value (NPV) and Internal rate return (IRR) were employed in determining the economic viability of solar panel installation in a rural area for the purpose of providing alternative renewable energy to the rural dwellers. The study was done in Umuazu Village, Nise, Awka South L. G. A of Anambra State which has an estimated population of 1000 people and 50 buildings. The result obtained showed that the installation of solar panel in rural area is commercially viable