International Science Community Association Research Journal of Engineering Sciences 2278-9472 8 3 2019 09 26 Financial analysis of PV installations in rural India 40 43 EN Bibek Bora 1 SEWA (A Non-Governmental Organisation), Jorhat, Assam, India Bibek Goswami 2 Electronics and Communication Engineering in Indian Institute of Information Technology, Guwahati, Assam, India Gyandip Boruah 3 Electronics and Communication Engineering in Indian Institute of Information Technology, Guwahati, Assam, India Jannot Hounsounou 1 Polytechnic Institute of Grenoble, Laboratory G-SCOP, 46 avenue Felix Viallet, 38031 GRENOBLE Cedex1, France Gontrand Bagan 2 School of Rural Engineering, National University of Agriculture, Laboratory LEMA, 01 BP 2009 COTONOU, Benin Emile Sanya3 3 National University of Sciences Technologies, Engineering and Mathematics, Laboratory LEMA, 01 BP 2009 COTONOU, Benin Peggy Zwolinski 4 Polytechnic Institute of Grenoble, Laboratory G-SCOP, 46 avenue Felix Viallet, 38031 GRENOBLE Cedex1, France K.F. Wotodzo 1 Département de Génie Mécanique, Ecole Nationale Supérieure d’Ingénieurs, Université de Lomé, B.P. 1515 Lomé, Togo K.A. Kassegne 2 Maître de Conférences, Département de Génie Mécanique, Ecole Nationale Supérieure d’Ingénieurs, Université de Lomé, B.P. 1515 Lomé, Togo D. Koffi 3 Professeur Titulaire, Directeur du Pôle R&D Francophone sur les Engrenages en Plastique – Ecole d’ingénierie, Université du Québec à Trois-Rivières, CP 500, Trois-Rivières, Québec, G9A 5H7, Canada S. Tiem 4 Professeur Titulaire, Département de Génie Mécanique, Ecole Nationale Supérieure d’Ingénieurs, Université de Lomé, B.P. 1515 Lomé, Togo Trupti Ghodake 1 Department of Environmental Engineering, KIT\\\'s College of Engineering, Kolhapur- 416234, India Sunil Mane 2 Department of Civil Engineering, KIT\\\'s College of Engineering, Kolhapur- 416234, India Asmita Mahajan 1 Government College of Engineering, Karad, Maharashtra, India Umesh Deshpande 2 Government College of Engineering, Karad, Maharashtra, India > Review Paper 2019 7 4 2019 09 26 Acute power crisis in rural India is stress on the people. Hence use of renewable energy is the way to a sustainable future. Photovoltaic technology, one of the cleanest and greenest sources of electricity, has attracted many types of customers with different federal initiatives and incentives. This paper presents study of variability of investment value through different economic performance metrics and compares the PV technology with conventional power generation costs. This study critically defines the cost benefit economic parameters for adopting photovoltaic technology/traditional technology through benefit cost ratio, net present value, profitability index and internal rate of return analysis. Real time case study of Bidal village (Tal-Man; Dist- Satara) demonstrates the applicability of proposed analysis. Copyright@ International Science Community Association