Economic Feasibility Comparison between Building-Integrated Photovoltaics and Green Systems in Northeast Texas

Sojung Kim and Sumin Kim ()
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Sojung Kim: Industrial and Systems Engineering, Dongguk University-Seoul, Seoul 04620, Republic of Korea
Sumin Kim: Department of Environmental Horticulture & Landscape Architecture, College of Life Science & Biotechnology, Dankook University, Cheonan-si 31116, Republic of Korea

Energies, 2023, vol. 16, issue 12, 1-14

Abstract: Various types of photovoltaic (PV) modules have been developed to exploit solar energy, a major renewable energy resource. One of the popular types of PV modules is building-integrated photovoltaics (BIPV), which are PV modules used as building materials. The goal of this study is to conduct an economic feasibility analysis of BIPV on the rooftop of the Keith D. McFarland Science Building at Texas A&M University, Commerce, Texas. To this end, a polynomial regression (PR) model is developed to estimate the electricity generation quantity of solar energy in the subject area, where the maximum temperature is 104 °F (40 °C) in summer. The developed PR models are used to estimate the potential profit of BIPV on the rooftop of the subject building, and the results are compared with the profit of a green roof system at the subject building. The economic feasibility analyses show that the levelized cost of electricity (LCOE) of the green roof system is approximately 39.77% higher than that of the BIPV system at a discount rate of 5%. Thus, the BIPV system is more profitable than the green roof system; consequently, this research will contribute to the implementation of BIPV on building rooftops and the expansion of renewable energy use in preference to fossil fuel.

Keywords: building integrated photovoltaics; green roof; photovoltaic; rooftop; renewable energy; solar energy (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: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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