An economic analysis of policies for promoting economically efficient water heater systems operating under seasonal climatic conditions

Arif Yurtsev and Glenn Jenkins ()

Energy & Environment, 2016, vol. 27, issue 2, 227-240

Abstract: This article reports on an economic cost-effective analysis of water heating systems including solar water heating systems. This study finds that in situations where there is a winter, or a rainy season, the choice of the source of energy for the solar water heating systems’ back-up during this period is critical for its overall cost-effectiveness. It is found that in the conditions of North Cyprus, an solar water heating systems with electricity back-up is far superior to using electricity alone; however, it is inferior to heating water with either a liquefied petroleum gas water heater alone or an solar water heating systems with an liquefied petroleum gas back-up. Policies to promote water heating systems that reduce the use of electricity should not encourage the installation of solar water heating systems with electricity back-up. An liquefied petroleum gas water heater or an solar water heating systems with an liquefied petroleum gas back-up are economically more cost-effective, with or without the inclusion of the social cost of carbon estimates.

Keywords: Cost-effectiveness analysis; water heater systems; North Cyprus (search for similar items in EconPapers)
Date: 2016
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Related works:
Working Paper: An Economic Analysis of Policies for Promoting Economically Efficient Water Heater Systems Operating Under Seasonal Climatic Conditions (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:engenv:v:27:y:2016:i:2:p:227-240

DOI: 10.1177/0958305X15627541

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