2020
DOI: 10.3390/su12177173
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Identification and Analysis of Impact Factors on the Economic Feasibility of Photovoltaic Energy Investments

Abstract: The introduction of environmental impact targets around the world has highlighted the need to adopt alternative sources of energy, which can supply the demand and mitigate the damage caused to the environment. Solar energy is one of the main sources of alternative energy, and is considered an abundant source of clean energy. However, to facilitate and encourage investors interested in the installation of photovoltaic energy systems for electricity production, it is essential to evaluate the factors that impact… Show more

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Cited by 29 publications
(9 citation statements)
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References 232 publications
(308 reference statements)
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“…Solar photovoltaic (SPV) cells stand up as a critical player in the global renewable energy sector. SPV cell technology is a promising, clean, and sustainable energy source developed rapidly in recent years [ 110 , 111 ]. However, its efficiency loss may range as high as 25–30%, and a lifetime can be compromised.…”
Section: Glass In Smart Materials and Opto-electronic Devicesmentioning
confidence: 99%
“…Solar photovoltaic (SPV) cells stand up as a critical player in the global renewable energy sector. SPV cell technology is a promising, clean, and sustainable energy source developed rapidly in recent years [ 110 , 111 ]. However, its efficiency loss may range as high as 25–30%, and a lifetime can be compromised.…”
Section: Glass In Smart Materials and Opto-electronic Devicesmentioning
confidence: 99%
“…In this study, a 250 W nominal power unit was used, with a 15.85% efficiency rating and 1.6 m 2 of area. The useful life span of the product is 30 years, with a 0.7% efficiency loss per year, as suggested by the manufacturer [24].…”
Section: Main Input Variablesmentioning
confidence: 99%
“…Equipment maintenance should be carried out every 5 years for cleaning the panels, and every 15 years for changing the stabilizers (SPD) [24]. In this study, we set the maintenance and operational costs at 1% of the initial investment [27].…”
Section: Initial Investment and Costsmentioning
confidence: 99%
“…Nevertheless, different factors, e.g., economic, political or technical, appear to impact the RES integration at distribution networks [4], [5]. For this reason, various support mechanisms or combinations of existing policies, e.g., tax deduction or subsidies, have been proposed to encourage end-users to act as prosumers by installing RES, and especially photovoltaics (PVs) [6] - [14].…”
Section: Introductionmentioning
confidence: 99%
“…Τhe main motivation of this paper is to present a technoeconomic assessment methodology to evaluate the viability of NEM policy in MV prosumers and investigate the effect of various important parameters. The economic viability of the NEM policy regarding low-voltage (LV) residential prosumers has been well investigated in several studies [4], [7], [8], [10], [27] - [31]. However, according to the authors' knowledge there are very few relevant works regarding MV prosumers [32].…”
Section: Introductionmentioning
confidence: 99%