On the Influence of Jurisdiction on the Profitability of Residential Photovoltaic-Storage Systems : A Multi-National Case Study
| Autor: | Catherine Rosenberg, Patrick Jochem, Srinivasan Keshav, Fiodar Kazhamiaka |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2017 |
| Předmět: |
Economics
020209 energy 02 engineering and technology 010501 environmental sciences Management Monitoring Policy and Law 01 natural sciences Energy policy ddc:330 0202 electrical engineering electronic engineering information engineering Residential PV System Incentive program 0105 earth and related environmental sciences Residential Storage System Jurisdiction Public economics business.industry Photovoltaic system Environmental economics Economic Analysis Renewable energy General Energy Incentive Profitability index Energy source business |
| Zdroj: | Energy policy, 109, 428-440 |
| ISSN: | 0301-4215 1873-6777 |
| DOI: | 10.5445/ir/1000075809 |
| Popis: | Policy makers in many jurisdictions have implemented incentive schemes such as ‘feed-in tariffs’ (FIT) and upfront purchase subsidies to encourage consumers to self-generate parts of their power requirements by solar energy. We quantitatively study the impact of jurisdiction-specific solar radiation profile, the typical residential loads, the cost of system components, the price of grid electricity, and incentive programs on photovoltaic (PV) and storage system profitability in Germany, Ontario, and Austin, Texas. In each jurisdiction, for a range of PV and storage system sizes, we compute the optimal use of the system, and hence the best possible profitability of that system in that jurisdiction over a 20 year life span. This methodology allows us to quantitatively estimate the influence of a jurisdiction on the (best possible) profitability of PV-storage systems. We find that the choice of jurisdiction has significant impact on the profitability of PV-storage systems. We also find that policy makers can use the price of grid electricity as well as upfront subsidies to influence profitability, and therefore adoption. |
| Databáze: | OpenAIRE |
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