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Economic analysis of solar energy systems using spreadsheets

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  • Kalogirou, Soteris

Abstract

In this paper the method employed for a detailed economic analysis of a solar energy system is presented. A spreadsheet computer program is used as a tool for the economic analysis because the general format of such a program is a table with cells which can contain values or formulae and the fact that they incorporate many build-in functions. System optimisation is also presented through an example for a hot water system. Both of them show that the method presented here is both accurate and fast. Although the method presented here deals with solar systems, it is applicable to all energy producing systems and consequently to all renewable energy systems.

Suggested Citation

  • Kalogirou, Soteris, 1996. "Economic analysis of solar energy systems using spreadsheets," Renewable Energy, Elsevier, vol. 9(1), pages 1303-1307.
    • Handle: RePEc:eee:renene:v:9:y:1996:i:1:p:1303-1307
    DOI: 10.1016/0960-1481(96)88516-8
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    Citations

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    Cited by:

    1. Kalogirou, Soteris A., 2004. "Optimization of solar systems using artificial neural-networks and genetic algorithms," Applied Energy, Elsevier, vol. 77(4), pages 383-405, April.
    2. Kalogirou, Soteris, 2003. "The potential of solar industrial process heat applications," Applied Energy, Elsevier, vol. 76(4), pages 337-361, December.
    3. Islam, Md. Parvez & Morimoto, Tetsuo, 2018. "Advances in low to medium temperature non-concentrating solar thermal technology," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 2066-2093.
    4. Florides, G.A & Kalogirou, S.A & Tassou, S.A & Wrobel, L.C, 2000. "Modeling of the modern houses of Cyprus and energy consumption analysis," Energy, Elsevier, vol. 25(10), pages 915-937.
    5. Araya, R. & Bustos, F. & Contreras, J. & Fuentes, A., 2017. "Life-cycle savings for a flat-plate solar water collector plant in Chile," Renewable Energy, Elsevier, vol. 112(C), pages 365-377.
    6. Florides, G. A. & Tassou, S. A. & Kalogirou, S. A. & Wrobel, L. C., 2002. "Measures used to lower building energy consumption and their cost effectiveness," Applied Energy, Elsevier, vol. 73(3-4), pages 299-328, November.
    7. Ayop, Razman & Isa, Normazlina Mat & Tan, Chee Wei, 2018. "Components sizing of photovoltaic stand-alone system based on loss of power supply probability," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2731-2743.
    8. Gang Ren & Xudong Zhao & Changhong Zhan & Hong Jin & Aishen Zhou, 2017. "Investigation of the Energy Performance of a Novel Modular Solar Building Envelope," Energies, MDPI, vol. 10(7), pages 1-17, June.
    9. Kalogirou, Soteris A., 2003. "The energy subsidisation policies of Cyprus and their effect on renewable energy systems economics," Renewable Energy, Elsevier, vol. 28(11), pages 1711-1728.
    10. Pramod Rajput & Maria Malvoni & Nallapaneni Manoj Kumar & O. S. Sastry & Arunkumar Jayakumar, 2020. "Operational Performance and Degradation Influenced Life Cycle Environmental–Economic Metrics of mc-Si, a-Si and HIT Photovoltaic Arrays in Hot Semi-arid Climates," Sustainability, MDPI, vol. 12(3), pages 1-20, February.
    11. Friedrich Ferrer, Philippe Alberto, 2017. "Average economic performance of solar water heaters for low density dwellings across South Africa," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 507-515.
    12. Sinethemba Peter & Njabulo Kambule & Stephen Tangwe & Kowiyou Yessoufou, 2022. "Quantification of the Impact of Solar Water Heating and Influence of Its Potential Utilization through Strategic Campaign: Case Study in Dimbaza, South Africa," Energies, MDPI, vol. 15(21), pages 1-14, November.
    13. Herrando, María & Markides, Christos N., 2016. "Hybrid PV and solar-thermal systems for domestic heat and power provision in the UK: Techno-economic considerations," Applied Energy, Elsevier, vol. 161(C), pages 512-532.

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