RESIDUAL POWER AND ECONOMIC FEASIBILITY OF A SOLAR POWERED IRRIGATION SYSTEM1

ABSTRACT: The problem of nonmatching irrigation and solar power production seasons creates the problem of what to do with the surplus power. The economic law of opportunity cost dictates that substitution for currently commercially purchased power is the best use for this power. This law also allows for new power using enterprises that satisfy specific criteria to be used on the farm before sale of the residual to a local public utility can be considered. Economic and Financial Evaluation of the solar powered irrigation system show that the price of commercially purchased power must reach 9.5 cents per Kwh before the system is feasible under the ideal assumption of complete use of the residual power to substitute for commercially purchased power.