Economic analysis of flat-plate solar collectors (FPSCs): A solution to the unemployment problem in the city of Eskisehir

Hakan Acaroğlu and M. Celalettin Baykul

Renewable and Sustainable Energy Reviews, 2016, vol. 64, issue C, 607-617

Abstract: This study performs a regional economic analysis of solar energy systems in Eskisehir, Turkey that focuses on production and utilization of FPSCs. The data is obtained from a locally conducted survey and used for practical estimations. Both, the survey findings and the theoretical predictions give close results and they sustain each other. Under the condition of free market considering profit maximization, to produce 30 FPSCs per day in optimum conditions, 30 workers would be employed per shift. If a company can meet the market demand, 450,000,000 Turkish Liras (TL) (1$=2.85TL with current prices) of revenue will be earned from the production of 300,000 FPSCs in 30 years are displayed. On the other hand, this renewable energy system has some costs. However, once it has been set up, the system will produce many ecological advantages that more than offset its costs. These effects benefit both the local region in which the system is established and the environment on a global scale. In addition, the process of collecting and utilizing solar energy can be used together with recycling systems to generate advantages for a local economy and can also benefit the global economy by solving unemployment problems by creating employment opportunities.

Keywords: Renewable energy; Solar energy; FPSCs; Regional employment; Eskisehir (search for similar items in EconPapers)
JEL-codes: D24 J38 O21 (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.rser.2016.06.020

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