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Technical and Financial Assessment of Photovoltaic Solar Systems for Residential Complexes Considering Three Different Commercial Technologies and Colombia s Energy Policy

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Listed:
  • Yecid Mu oz

    (Facultad de Ingenier a, Universidad Aut noma de Bucaramanga, Bucaramanga, Colombia,)

  • Luz Helena Carvajal

    (Facultad de Ingenier a, Universidad Aut noma de Bucaramanga, Bucaramanga, Colombia,)

  • Juan Pablo M ndez

    (Facultad de Ingenier a, Universidad Aut noma de Bucaramanga, Bucaramanga, Colombia,)

  • Javier Camilo Ni o

    (Facultad de Ingenier a, Universidad Aut noma de Bucaramanga, Bucaramanga, Colombia,)

  • Miguel Angel De la Rosa

    (Facultad de Ingenier a, Universidad Aut noma de Bucaramanga, Bucaramanga, Colombia,)

  • Adalberto Ospino

    (Departamento de Energ a, Universidad de la Costa, Barranquilla, Colombia)

Abstract

The use of solar energy is increasingly prevalent in residential areas around the world due to the decrease in the levelized cost of energy (LCOE) for projects that meet the energy need in homes, in Colombia regulations have begun to facilitate the integration of grid-connected renewable energy projects and in isolated areas. The purpose of this research is to technically and financially assess the feasibility of a solar photovoltaic system connected to the grid in a residential complex in Colombia according to the regulatory framework in force at 2020, comparing three photovoltaic module technologies, as well as three generation scenarios (self-consumption, exchange with the network and sale of surpluses), financial feasibility was assessed taking into account three financial goodness criteria (NPV, IRR and Payback Time). The results of the research indicate that the most feasible generation scenario technically and economically is self-consumption using Si-Poly technology, for the self-consumption scenario the solar photovoltaic system requires an installed capacity of 3.77 kW peak, with an investment cost of $5,748 USD, according to the criteria of kindness the Payback Time is 7 years, with an IRR of 19.67% for the project and $49,920 USD of NPV.

Suggested Citation

  • Yecid Mu oz & Luz Helena Carvajal & Juan Pablo M ndez & Javier Camilo Ni o & Miguel Angel De la Rosa & Adalberto Ospino, 2021. "Technical and Financial Assessment of Photovoltaic Solar Systems for Residential Complexes Considering Three Different Commercial Technologies and Colombia s Energy Policy," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 272-280.
    • Handle: RePEc:eco:journ2:2021-02-34
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    References listed on IDEAS

    as
    1. Chandel, S.S. & Agarwal, Tanya, 2017. "Review of cooling techniques using phase change materials for enhancing efficiency of photovoltaic power systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 1342-1351.
    2. Lucas, M. & Aguilar, F.J. & Ruiz, J. & Cutillas, C.G. & Kaiser, A.S. & Vicente, P.G., 2017. "Photovoltaic Evaporative Chimney as a new alternative to enhance solar cooling," Renewable Energy, Elsevier, vol. 111(C), pages 26-37.
    3. Andres F. Paez & Yecid Mu oz Maldonado & Adalberto Ospino Castro, 2017. "Future Scenarios and Trends of Energy Demand in Colombia using Long-range Energy Alternative Planning," International Journal of Energy Economics and Policy, Econjournals, vol. 7(5), pages 178-190.
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    More about this item

    Keywords

    PV System ON Grid; solar communities; Colombian renewable energy regulations; technical and economic analysis.;
    All these keywords.

    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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