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Economic feasibility analysis and policy implication for photovoltaic system at cohousing in KOREA

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  • Lee, Mina

Abstract

Although the highly recognized matters of ‘fine dust’ from fossil-fuel combustions and increasing ‘safety fear’ from nuclear power in Korea, the energy transition from the traditional sources to renewables causes another concerns about stable energy supply for the demand increasing every year and the unexpected future electricity price. However, the current energy sector, that heavily relies on fossil fuels and accounts for 45% of GHGs emission, should seriously consider using renewable energy technology (RET) in the new climate regime. The purpose of this study is to perform an economic feasibility analysis and policy implication of photovoltaic system for cohousing Korea that accounts for 71.9% of residential type. The result shows that the current price of residential photovoltaic system for cohousing is economically feasible without subsidy and it will increase positively acceptability of renewable energy.

Suggested Citation

  • Lee, Mina, 2019. "Economic feasibility analysis and policy implication for photovoltaic system at cohousing in KOREA," Renewable Energy, Elsevier, vol. 144(C), pages 30-40.
    • Handle: RePEc:eee:renene:v:144:y:2019:i:c:p:30-40
    DOI: 10.1016/j.renene.2018.11.109
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    References listed on IDEAS

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    1. Fine, J.P. & Friedman, J. & Dworkin, S.B., 2017. "Detailed modeling of a novel photovoltaic thermal cascade heat pump domestic water heating system," Renewable Energy, Elsevier, vol. 101(C), pages 500-513.
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    Cited by:

    1. Ifaei, Pouya & Tayerani Charmchi, Amir Saman & Loy-Benitez, Jorge & Yang, Rebecca Jing & Yoo, ChangKyoo, 2022. "A data-driven analytical roadmap to a sustainable 2030 in South Korea based on optimal renewable microgrids," Renewable and Sustainable Energy Reviews, Elsevier, vol. 167(C).
    2. Rômulo de Oliveira Azevêdo & Paulo Rotela Junior & Luiz Célio Souza Rocha & Gianfranco Chicco & Giancarlo Aquila & Rogério Santana Peruchi, 2020. "Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments," Sustainability, MDPI, vol. 12(17), pages 1-40, September.
    3. Heidari, Mohammad Reza & Heravi, Gholamreza, 2024. "Development of flexible supportive policy with real options for renewable energy projects: Case of photovoltaic systems," Renewable Energy, Elsevier, vol. 225(C).

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