IDEAS home Printed from https://ideas.repec.org/a/eee/energy/v261y2022ipbs0360544222021946.html
   My bibliography  Save this article

Profitability analysis of a photovoltaic installation - A case study

Author

Listed:
  • Kijo-Kleczkowska, Agnieszka
  • Bruś, Paweł
  • Więciorkowski, Grzegorz

Abstract

The main element of the work was the economic analysis resulting from the use of a photovoltaic installation cooperating with the installation of a heat pump in one of the single-family houses. It should be emphasized that the cooperation of photovoltaics and heat pumps, aimed at ensuring thermal comfort in the building and generating electricity, e.g. for the operation of a heat pump, it is one of the most economically advantageous technologies. In this work, the authors focused only on the assessment of the payback time of the sample photovoltaic installation, operating in Poland. Based on the analysis of the investment and operating costs of the installation, its profitability was demonstrated, while ensuring clean, practically maintenance-free energy production.

Suggested Citation

  • Kijo-Kleczkowska, Agnieszka & Bruś, Paweł & Więciorkowski, Grzegorz, 2022. "Profitability analysis of a photovoltaic installation - A case study," Energy, Elsevier, vol. 261(PB).
    • Handle: RePEc:eee:energy:v:261:y:2022:i:pb:s0360544222021946
    DOI: 10.1016/j.energy.2022.125310
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0360544222021946
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.energy.2022.125310?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kosmadakis, Ioannis E. & Elmasides, Costas & Koulinas, Georgios & Tsagarakis, Konstantinos P., 2021. "Energy unit cost assessment of six photovoltaic-battery configurations," Renewable Energy, Elsevier, vol. 173(C), pages 24-41.
    2. Gong, Yu & Liu, Pan & Ming, Bo & Feng, Maoyuan & Huang, Kangdi & Wang, Yibo, 2022. "Identifying the functional form of operating rules for hydro–photovoltaic hybrid power systems," Energy, Elsevier, vol. 243(C).
    3. Liu, Jicheng & Lu, Yunyuan, 2022. "Research on the evaluation of China's photovoltaic policy driving ability under the background of carbon neutrality," Energy, Elsevier, vol. 250(C).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Rediske, Graciele & Michels, Leandro & Siluk, Julio Cezar Mairesse & Rigo, Paula Donaduzzi & Rosa, Carmen Brum & Lima, Andrei Cunha, 2024. "A proposed set of indicators for evaluating the performance of the operation and maintenance of photovoltaic plants," Applied Energy, Elsevier, vol. 354(PA).
    2. Woon, Kok Sin & Phuang, Zhen Xin & Taler, Jan & Varbanov, Petar Sabev & Chong, Cheng Tung & Klemeš, Jiří Jaromír & Lee, Chew Tin, 2023. "Recent advances in urban green energy development towards carbon emissions neutrality," Energy, Elsevier, vol. 267(C).
    3. Anna Wojewnik-Filipkowska & Paweł Filipkowski & Olaf Frąckowiak, 2023. "Analysis of Investments in RES Based on the Example of Photovoltaic Panels in Conditions of Uncertainty and Risk—A Case Study," Energies, MDPI, vol. 16(7), pages 1-15, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. D'Adamo, Idiano & Mammetti, Marco & Ottaviani, Dario & Ozturk, Ilhan, 2023. "Photovoltaic systems and sustainable communities: New social models for ecological transition. The impact of incentive policies in profitability analyses," Renewable Energy, Elsevier, vol. 202(C), pages 1291-1304.
    2. Cheng, Qian & Liu, Pan & Xia, Qian & Cheng, Lei & Ming, Bo & Zhang, Wei & Xu, Weifeng & Zheng, Yalian & Han, Dongyang & Xia, Jun, 2023. "An analytical method to evaluate curtailment of hydro–photovoltaic hybrid energy systems and its implication under climate change," Energy, Elsevier, vol. 278(C).
    3. Liu, Bingchun & Huo, Xiankai, 2024. "Prediction of Photovoltaic power generation and analyzing of carbon emission reduction capacity in China," Renewable Energy, Elsevier, vol. 222(C).
    4. Cheng, Qian & Liu, Pan & Feng, Maoyuan & Cheng, Lei & Ming, Bo & Luo, Xinran & Liu, Weibo & Xu, Weifeng & Huang, Kangdi & Xia, Jun, 2023. "Complementary operation with wind and photovoltaic power induces the decrease in hydropower efficiency," Applied Energy, Elsevier, vol. 339(C).
    5. Aşkın, Asmin & Kılkış, Şiir & Akınoğlu, Bülent Gültekin, 2023. "Recycling photovoltaic modules within a circular economy approach and a snapshot for Türkiye," Renewable Energy, Elsevier, vol. 208(C), pages 583-596.
    6. Zhang, Yusheng & Zhao, Xuehua & Wang, Xin & Li, Aiyun & Wu, Xinhao, 2023. "Multi-objective optimization design of a grid-connected hybrid hydro-photovoltaic system considering power transmission capacity," Energy, Elsevier, vol. 284(C).
    7. Dimitrios Tziritas & George M. Stavrakakis & Dimitris Bakirtzis & George Kaplanis & Konstantinos Patlitzianas & Markos Damasiotis & Panagiotis L. Zervas, 2023. "Techno-Economic Analysis of a Hydrogen-Based Power Supply Backup System for Tertiary Sector Buildings: A Case Study in Greece," Sustainability, MDPI, vol. 15(9), pages 1-23, May.
    8. Arsalis, Alexandros & Papanastasiou, Panos & Georghiou, George E., 2022. "A comparative review of lithium-ion battery and regenerative hydrogen fuel cell technologies for integration with photovoltaic applications," Renewable Energy, Elsevier, vol. 191(C), pages 943-960.
    9. Al Khafaf, Nameer & Rezaei, Ahmad Asgharian & Moradi Amani, Ali & Jalili, Mahdi & McGrath, Brendan & Meegahapola, Lasantha & Vahidnia, Arash, 2022. "Impact of battery storage on residential energy consumption: An Australian case study based on smart meter data," Renewable Energy, Elsevier, vol. 182(C), pages 390-400.
    10. Kakoulaki, G. & Szabo, S. & Fahl F, F. & Taylor, N. & Gracia-Amillo, A. & Kenny, R. & Ulpiani, G. & Chatzipanagi, A. & Gkoumas, K. & Jäger-Waldau, A., 2024. "European transport infrastructure as a solar photovoltaic energy hub," Renewable and Sustainable Energy Reviews, Elsevier, vol. 196(C).
    11. Nawaz Edoo & Robert T. F. Ah King, 2021. "Techno-Economic Analysis of Utility-Scale Solar Photovoltaic Plus Battery Power Plant," Energies, MDPI, vol. 14(23), pages 1-22, December.
    12. Li Li & Dezhong Kong & Qinzhi Liu & Yu Xiong & Fei Chen & Haibing Zhang & Yunyun Chu, 2022. "Comprehensive Identification of Surface Subsidence Evaluation Grades of Mines in Southwest China," Mathematics, MDPI, vol. 10(15), pages 1-16, July.
    13. Francesco Lo Franco & Antonio Morandi & Pietro Raboni & Gabriele Grandi, 2021. "Efficiency Comparison of DC and AC Coupling Solutions for Large-Scale PV+BESS Power Plants," Energies, MDPI, vol. 14(16), pages 1-22, August.
    14. Ding, Kun & Chen, Xiang & Weng, Shuai & Liu, Yongjie & Zhang, Jingwei & Li, Yuanliang & Yang, Zenan, 2023. "Health status evaluation of photovoltaic array based on deep belief network and Hausdorff distance," Energy, Elsevier, vol. 262(PB).
    15. Li, He & Liu, Pan & Guo, Shenglian & Cheng, Lei & Huang, Kangdi & Feng, Maoyuan & He, Shaokun & Ming, Bo, 2021. "Deriving adaptive long-term complementary operating rules for a large-scale hydro-photovoltaic hybrid power plant using ensemble Kalman filter," Applied Energy, Elsevier, vol. 301(C).
    16. Huang, Kangdi & Luo, Peng & Liu, Pan & KIM, Jong Suk & Wang, Yintang & Xu, Weifeng & Li, He & Gong, Yu, 2022. "Improving complementarity of a hybrid renewable energy system to meet load demand by using hydropower regulation ability," Energy, Elsevier, vol. 248(C).
    17. Liu, Jicheng & Lu, Yunyuan, 2023. "A task matching model of photovoltaic storage system under the energy blockchain environment - based on GA-CLOUD-GS algorithm," Energy, Elsevier, vol. 283(C).
    18. Liu, Jiangyang & Liu, Zhongbing & Wu, Yaling & Chen, Xi & Xiao, Hui & Zhang, Ling, 2022. "Impact of climate on photovoltaic battery energy storage system optimization," Renewable Energy, Elsevier, vol. 191(C), pages 625-638.
    19. Metzger, Philipp & Mendonça, Sandro & Silva, José A. & Damásio, Bruno, 2023. "Battery innovation and the Circular Economy: What are patents revealing?," Renewable Energy, Elsevier, vol. 209(C), pages 516-532.
    20. Xiaohua Song & Yamin Huang & Yulin Zhang & Wen Zhang & Zeqi Ge, 2023. "An Appraisal on China’s Feed-In Tariff Policies for PV and Wind Power: Implementation Effects and Optimization," Sustainability, MDPI, vol. 15(6), pages 1-23, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:energy:v:261:y:2022:i:pb:s0360544222021946. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.