Economic Analysis of Profitability of Using Energy Storage with Photovoltaic Installation in Conditions of Northeast Poland

Maciej Neugebauer (), Jakub d’Obyrn and Piotr Sołowiej
Additional contact information
Maciej Neugebauer: Faculty of Technical Science, University of Warmia and Mazury in Olsztyn, Oczapowskiego Str. 2, 10-719 Olsztyn, Poland
Jakub d’Obyrn: Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn, Oczapowskiego Str. 2, 10-719 Olsztyn, Poland
Piotr Sołowiej: Faculty of Technical Science, University of Warmia and Mazury in Olsztyn, Oczapowskiego Str. 2, 10-719 Olsztyn, Poland

Energies, 2024, vol. 17, issue 13, 1-13

Abstract: This work presents an economic analysis of the use of electricity storage in PV installations, based on previously adopted assumptions, i.e., the type and location of the tested facility and comparative variants, divided into the share of the storage in the installation, and the billing system. The work takes into account the share of the energy shield and assumes a consumption limit of 2000 kWh. The cost of building the installation is based on July 2023 prices. The work assumes potential directions of changes in electricity prices, based on which the degree of investment profitability for a given price situation is determined. Depending on the adopted change in the direction of electricity prices, with a low price increase rate, for installations in the new billing system (net-billing), the optimal choice is an installation without energy storage with a power exceeding the actual energy demand. Assuming a high increase in electricity prices, the optimal choice is an installation with energy storage with an installation capacity exceeding the actual demand. For installations billed using the net-metering system, the optimal choice is an installation without storage with an appropriately selected installation power. This article shows how much you can gain after installing a PV installation and not only what costs must be incurred to complete the investment. Profit analysis will enable a more complete assessment of the profitability of investing in PV panels (with or without energy storage). It describes the verification of the profitability of a PV installation for a standard user depending on various types of settlements with the electricity supplier and the lack or installation of an energy-storage facility.

Keywords: PV installation; energy storage; profitability; operating costs (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: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.mdpi.com/1996-1073/17/13/3075/pdf (application/pdf)
https://www.mdpi.com/1996-1073/17/13/3075/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jeners:v:17:y:2024:i:13:p:3075-:d:1419798

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().