An economic feasibility assessment of implementing photovoltaic module reflectors under Malaysian meteorological conditions

The use of a reflector can increase the solar radiation on the photovoltaic module (PV) surface, whereby the energy output can be improved. However, the economic feasibility may need to be considered too. This study is conducted, for the first time, due to the lack of studies regarding the economic feasibility assessment of implementing reflectors under the Malaysian meteorological conditions. The outcome will give information about the suitability for implementing a PV reflector in Malaysia through an experimental setup at a sewage treatment site, for two months in 2022. The Malaysian meteorological data, which include daily solar radiation, ambient temperature and wind velocity, were collected to study the output energy, efficiency and the economic perspective of a PV. In February 2022, the PV was operating without a reflector and the averaged values for the monthly solar radiation, ambient temperature and wind velocity were 539.9 MJ/m2, 28.4 °C and 2.2 m/s, respectively, which resulted in an output energy of 106.43 kWh. On the other hand, for April 2022, the PV was operating with a reflector. With the respective averaged input parameters 544.98 MJ/m2, 28.9 °C and 1.51 m/s, the output energy was 121.94 kWh. It is thus shown that the PV with a reflector increases the PV's output energy by 14.57%. Also, it is shown that the cost-effective factor value is 0.955 which means that the PV reflector is economically feasible to be implemented under the Malaysian meteorological conditions. Hence, extensive research should be conducted to improve the performance of PV reflectors. The findings of this paper maybe useful for researchers and/or manufacturers of PV reflectors.