Economic analysis of grid-connected residential rooftop PV systems in Turkey

A. Can Duman and Önder Güler

Renewable Energy, 2020, vol. 148, issue C, 697-711

Abstract: This study presents an economic analysis of grid-connected residential rooftop PVs in Turkey under the current feed-in tariff (FiT) scheme. Three solar parts are formed on the solar map of Turkey to discuss the effect of solar radiation differences between regions on the feasibility of the systems. Nine provinces are selected for a nationwide analysis. 5 kW rooftop PVs are simulated using HOMER Grid. Discounted Payback Period (DPBP), Internal Rate of Return (IRR) and Profitability Index (PI) are used to ensure the viability of the systems from all aspects. DPBP below 8 years, IRR above 13.12%, and PI above 2 are considered feasible.

Keywords: Rooftop PV; Profitability index; Internal rate of return; Discounted payback period; Feed-in tariff; Feasibility analysis; HOMER grid (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:148:y:2020:i:c:p:697-711

DOI: 10.1016/j.renene.2019.10.157

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