Complete Procedure for the Economic, Financial and Cost-Competitiveness of Photovoltaic Systems with Self-Consumption

D. L. Talavera, E. Muñoz-Cerón, J. de la Casa, D. Lozano-Arjona, M. Theristis and P. J. Pérez-Higueras
Additional contact information
D. L. Talavera: IDEA Research Group (Research and Development in Solar Energy), Electronic and Automation Engineering Department, University of Jaén, Campus las Lagunillas s/n. 23071 Jaén, Spain
E. Muñoz-Cerón: IDEA Research Group (Research and Development in Solar Energy) and Centre for Advanced Studies in Energy and Environment (CEAEMA), Department of Graphic Engineering, Design and Projects, University of Jaén, Campus las Lagunillas s/n. 23071 Jaén, Spain
J. de la Casa: IDEA Research Group (Research and Development in Solar Energy), Electronic and Automation Engineering Department, University of Jaén, Campus las Lagunillas s/n. 23071 Jaén, Spain
D. Lozano-Arjona: IDEA Research Group (Research and Development in Solar Energy), Electronic and Automation Engineering Department, University of Jaén, Campus las Lagunillas s/n. 23071 Jaén, Spain
M. Theristis: PV Technology Lab. FOSS Research Centre for Sustainable Energy, Department of Electrical and Computer Engineering, University of Cyprus, Nicosia 1678, Cyprus
P. J. Pérez-Higueras: IDEA Research Group (Research and Development in Solar Energy), Electronic and Automation Engineering Department, University of Jaén, Campus las Lagunillas s/n. 23071 Jaén, Spain

Energies, 2019, vol. 12, issue 3, 1-22

Abstract: Nowadays, the integration of photovoltaic (PV) systems into the grid involves new and competitive ways to realize this. Thus, it is necessary to define procedures that not only include energy calculations but also incorporate economic and funding feasibility features. According to the literature review, there are numerous tools that are available to carry out a profitability analysis of a photovoltaic system. However, certain shortcomings have been identified, either in the definition of the economic and financial scenarios or in the results obtained, as they do not provide all the necessary information, do not use all the most common economic criteria, or in some cases the complexity and training requirements for their correct implementation may discourage their use. Therefore, in this paper a complete procedure that can be used as a preliminary decision tool prior to the design of an in-depth PV self-consumption system is proposed. Realistic input data makes it possible to not only obtain results for common economic and financial feasibility criteria (Net Present Value, Internal Rate of Return, Discounted Pay-Back Time and Net Cash Balance), but it also allow for a cost-competitiveness evaluation based on the Levelised Cost of Electricity (LCOE). The novel concept of the direct cost of PV self-consumed electricity is also introduced.

Keywords: economic assessment; financial assessment; cost-competitiveness; photovoltaic systems; self-consumption (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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