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Assessing the economic aspects of solar hot water production in Greece

Author

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  • Haralambopoulos, D.
  • Paparsenos, G.F.
  • Kovras, H.

Abstract

The long-term performance of various systems was determined and the economic aspects of solar hot water production were investigated in this work. The effect of the collector inclination angle, collector area and storage volume was examined for all systems, and various climatic conditions and their payback period was calculated. It was found that the collector inclination angle does not have a significant effect on system performance. Large collector areas have a diminishing effect on the system's overall efficiency. The increase in storage volume has a detrimental effect for small daily load volumes, but a beneficial one when there is a large daily consumption. Solar energy was found to be truly competitive when the conventional fuel being substituted is electricity, and it should not replace diesel oil on pure economic grounds. Large daily load volumes and large collector areas are in general associated with shorter payback periods. Overall, the systems are oversized and are economically suitable for large daily hot water load volumes.

Suggested Citation

  • Haralambopoulos, D. & Paparsenos, G.F. & Kovras, H., 1997. "Assessing the economic aspects of solar hot water production in Greece," Renewable Energy, Elsevier, vol. 11(2), pages 153-167.
    • Handle: RePEc:eee:renene:v:11:y:1997:i:2:p:153-167
    DOI: 10.1016/S0960-1481(96)00126-7
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    Citations

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    Cited by:

    1. Kaldellis, J.K. & El-Samani, K. & Koronakis, P., 2005. "Feasibility analysis of domestic solar water heating systems in Greece," Renewable Energy, Elsevier, vol. 30(5), pages 659-682.
    2. Kaldellis, J.K. & Kavadias, K.A. & Spyropoulos, G., 2005. "Investigating the real situation of Greek solar water heating market," Renewable and Sustainable Energy Reviews, Elsevier, vol. 9(5), pages 499-520, October.
    3. Pan, Tze-Chin & Kao, Jehng-Jung & Wong, Chih-Po, 2012. "Effective solar radiation based benefit and cost analyses for solar water heater development in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(4), pages 1874-1882.
    4. Chang, K. & Lee, T. & Chung, K., 2006. "Solar water heaters in Taiwan," Renewable Energy, Elsevier, vol. 31(9), pages 1299-1308.
    5. Lin, W.M. & Chang, K.C. & Chung, K.M., 2015. "Payback period for residential solar water heaters in Taiwan," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 901-906.
    6. Wei-Min Lin & Kai-Chun Fan & Keh-Chin Chang & Kung-Ming Chung, 2013. "Dissemination of Solar Water Heaters in Taiwan: The Case of Remote Islands," Energies, MDPI, vol. 6(10), pages 1-13, October.
    7. Sidiras, Dimitrios K. & Koukios, Emmanuel G., 2004. "Solar systems diffusion in local markets," Energy Policy, Elsevier, vol. 32(18), pages 2007-2018, December.

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