Regenerative practice of using photovoltaic solar systems for residential dwellings: An empirical study in Australia

Vivian W.Y. Tam, Khoa N. Le, S.X. Zeng, Xiangyu Wang and I.M. Chethana S. Illankoon

Renewable and Sustainable Energy Reviews, 2017, vol. 75, issue C, 1-10

Abstract: Solar electricity that is produced from photovoltaic solar systems has the potential to deliver clean sustainable energy. Positive steps are being undertaken to minimise greenhouse gas emissions in Australia and photovoltaic solar systems are contributing towards sustainability. The current amount of installed photovoltaic solar systems cannot address the global warming issues in whole, however renewable energy production is contributing towards minimising carbon emissions. One of the main concerns for the residential householders is the economic issue on the use of photovoltaic solar systems. This paper examines life cycle cost effectiveness in using photovoltaic solar systems with capacities ranging from 1.5kW to 5kW in relation to the number of occupants and consumption for residential dwellings over a 25-year period. Eight major cities in Australia, including Sydney, Canberra, Melbourne, Brisbane, Hobart, Adelaide, Darwin and Perth, are investigated. Life cycle cost comparisons among different types of electricity grid connected systems, including a gross-feed-in-tariff (GFIT) scheme, a net-feed-in-tariff (NFIT) scheme and a buy-back scheme, are also explored. It is found that all major cities can receive life cycle cost saving in installing photovoltaic solar systems in their residential dwellings. The life cycle cost saving is between $273 and $53,021 and the percentage of cost saving is between 0.35% and 123.83% in a 15-year period. It appears that the GFIT and NFIT schemes offer better benefits than the buy-back scheme in installing photovoltaic solar systems. It is also found that the higher the capacity of the photovoltaic solar systems, the higher the life cycle cost saving can be received. This paper contributes to prove the cost effectiveness of using photovoltaic solar systems with the example from Australian residential dwellings.

Keywords: Photovoltaic solar system; Sustainable renewable energy; Cost effectiveness; Residential dwelling; Australia (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1016/j.rser.2016.10.040

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