The Economic Profitability of Photovoltaic Installations in Households in Poland from a New Policy Perspective

Łukasz Augustowski () and Piotr Kułyk
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Łukasz Augustowski: Faculty of Economics and Management, University of Zielona Góra, Podgórna 50 Street (Building A-0), 65-246 Zielona Góra, Poland
Piotr Kułyk: Faculty of Economics and Management, University of Zielona Góra, Podgórna 50 Street (Building A-0), 65-246 Zielona Góra, Poland

Energies, 2023, vol. 16, issue 22, 1-16

Abstract: Solar energy is a source of energy that can meet a significant part of the demand for heat and electricity. However, its acquisition is associated with high variability both during the year and on individual days. The construction of installations due to changes in tariff systems, investment costs and subsidy programs raises doubts as to their profitability. The aim of this study was to assess the profitability of photovoltaic investments for households, considering public financial support. This study used RetScreen Expert software 8.1.2.13 to perform the entire analysis and performance cost, risk and sensitivity simulations. Climate data were imported from ground monitoring stations or from NASA global satellite or analytical data. The conducted research showed the profitability of investments in photovoltaics, even without state support. Differences between regions were insignificant. However, the support system has changed, extending the period of return on investment.

Keywords: renewable energy; photovoltaic installation; economic viability; energy policy; hybrid approach (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 (2)

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