 A support strategy for the promotion of photovoltaic uses for residential houses in KoreaSi-Doek Oh, Yeji Lee, Yungpil Yoo, Jinoh Kim, Suyong Kim, Seung Jin Song and Ho-Young Kwak Energy Policy, 2013, vol. 53, issue C, 248-256 Abstract: Various policies such as feed-in tariffs, quota obligations and capital subsides were enacted to expand the uses of renewable energy (RE) in many countries. This study examined whether capital subsidies are cost effective in relation to the installation of solar photovoltaic (PV) facility. To do this, the capacity factor, which is one of the crucial factors for determining the unit cost of electricity from a solar PV system, was estimated from the monthly average clearness index data collected at various cities in Korea. Thermoeconomic analysis was applied to calculate the unit cost of electricity based on the calculated capacity factor of the solar PV system. Instead of subsidizing the same percent of the capital cost of each PV system installation, it is reasonable for the government to adopt a measure to match the subsidy paid to the payback period of the initial investment for all 5 million potential solar PV users in Korea. Keywords: Photovoltaic; Payback period; Thermoeconomic analysis (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:53:y:2013:i:c:p:248-256 DOI: 10.1016/j.enpol.2012.10.057 Access Statistics for this article Energy Policy is currently edited by N. France More articles in Energy Policy from Elsevier |
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