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Feasibility Study Of The Use Of Renewable Energy Sources In Households

Author

Listed:
  • Wojciech Tomasz Ozdarski

    (Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn)

  • Miroslawa Witkowska-Dabrowska

    (Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn)

  • Ilisio Manuel de Jesus

    (Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn)

Abstract

The present study presents an estimation of the effectiveness of photovoltaic panels and a heat pump installation. The objective of the research was to evaluate the economic feasibility of investing in combined systems relying on renewable energy sources. The research results corroborated the first hypothesis, namely that the use of photovoltaic panels fully supplies the energy needs of the heat pump installed in the household. The other hypothesis, however, was not supported; namely that a combined investment in photovoltaic panels and a heat pumps will pay back in a period shorter than the half of the project’s lifetime. The period of financial return slightly exceeded the assumed time. This means that a combination of a heat pump and a photovoltaic installation is economically feasible, but some forms of support with external capital should be applied.

Suggested Citation

  • Wojciech Tomasz Ozdarski & Miroslawa Witkowska-Dabrowska & Ilisio Manuel de Jesus, 2021. "Feasibility Study Of The Use Of Renewable Energy Sources In Households," OLSZTYN ECONOMIC JOURNAL, University of Warmia and Mazury in Olsztyn, Faculty of Economic Sciences, vol. 16(2), pages 251-262, December.
    • Handle: RePEc:ole:journl:v:16:y:2021:i:2:p:251-262
    DOI: https://doi.org/10.31648/oej.8153
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    Citations

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    Cited by:

    1. Mariusz Niekurzak & Wojciech Lewicki & Hasan Huseyin Coban & Agnieszka Brelik, 2023. "Conceptual Design of a Semi-Automatic Process Line for Recycling Photovoltaic Panels as a Way to Ecological Sustainable Production," Sustainability, MDPI, vol. 15(3), pages 1-20, February.
    2. Łukasz Markowski & Kamil Kotliński, 2023. "Renewables, Energy Mix and Inflation in the European Union Countries," Energies, MDPI, vol. 16(23), pages 1-15, November.

    More about this item

    Keywords

    renewable energy sources; profitability; households;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources

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