The cost of energy is 1.655 US$/kWh, whereas the initial capital required, and net present costs are, 22998 US$ and 24623 US$, respectively. Fachhochschule Konstanz (Germany) developed a technically sophisticated and flexible tool named SOLSIM 5 for hybrid renewable simulation using photovoltaic panels, wind turbines, diesel generators, batteries and bio-energy systems for electricity and heat generation.
The simulation results demonstrate that for hybrid energy system is consists of 0.8 kW PV modules, two wind turbines (0.4 kW each), 2.5 kW inverter, and 8 batteries (200 Ah and 12 V). The HOMER Pro microgrid software by HOMER Energy is the global standard for optimizing microgrid design in all sectors. The National Renewable Energy Laboratory's hybrid optimization model for electric renewables simulation software has been used to carry out the optimal design and techno-economic viability of energy system in this study. They have been integrated and worked at the Taleghan renewable energies site in Iran. These sources combined with energy storage would provide a better system reliability making it suitable for stand-alone applications. An alternative to overcoming the intermittence of RE sources, such as the sun and wind (are freely available and environmental friendly), is to develop the hybrid energy system where excess electrical energy could be converted and stored. One of the most attractive applications of RE technology is the application of hybrid energy systems in remote areas. In this paper a review of the state-of-the-art of researches, which use HOMER for optimal planning of HRES, is presented.In respect to increasing demand for energy in the world and limited fossil fuel resources, there is a great need for using renewable energies (REs). This software has widely been used by many researchers around the world. One of the most powerful tools for this purpose is Hybrid Optimization Model for Electric Renewables (HOMER) software that was developed by National Renewable Energy Laboratory (NREL), United States. To access minimum investment and operation costs and also meet the technical and emission constraints, optimal size of HRES׳s equipment should be determined. Integration of renewable energy resources with traditional fossil-based resources besides storages creates Hybrid Renewable Energy Systems (HRESs). It has been found that the PVSS gives the lowest cost of energy compared to the other proposed two technologies that have been simulated by using HOMER and RETScreen. Renewable energy resources are the appropriate alternatives for traditional resources to meet the increasing energy consumption, especially in electricity sector. The cost per kWh to generate electricity using the PVSS system to supply the average demand of 8.4 kWh/day ranges between RM 1.953/kWh to RM 3.872/kWh. Modeling and sizing A 3-bedroom apartment located in Newfoundland was modeled in Energy 3D environment and the annual energy in kWh required by the house was optimized and simulated with the aid of Energy 3D software. Traditional energy resources cannot meet these requirements with notice to their challenges, e.g., greenhouse gas emission and high lifecycle costs. HOMER Computer Software, Version 2.68 Beta HOMER Energy LLC. Discover how HOMER software helps more than 250,000 energy professionals worldwide All HOMER software is built on the trusted, market-leading HOMER platform, used by more than 250,000 system designers and developers in over 190 countries. results was compared to that obtained from Homer Energy software. World energy consumption is rising due to population growth and increasing industrialization.