Economic Analysis of the Photovoltaic Installation Use Possibilities in Farms

Kwaśniewski, D.; Akdeniz, Cengiz; Durmaz, Faruk; Kömekçi, Fırat

doi:10.1515/agriceng-2020-0035

Cited by 3 publications

(2 citation statements)

References 6 publications

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“…Another aspect that is taken into account in this work is the settlement system with the electricity supplier, described by Kwaśniewski [18]. In Poland, there are now two different systems: net-metering (sometimes called the prosumer system) and net-billing.…”

Section: Introductionmentioning

confidence: 99%

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

Neugebauer,

d’Obyrn,

Sołowiej

2024

Energies

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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.

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Section: Introductionmentioning

confidence: 99%

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

Neugebauer,

d’Obyrn,

Sołowiej

2024

Energies

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“…The economic efficiency of electricity production using solar panels is evaluated based on the installed capacity of the installation. In the case of a microinstallation, the best method to select the capacity is to apply the approach related to the annual balance, in which the capacity of panels needs to be selected in order to minimise the difference between the energy demand of the household within a year and the energy generated by the installation [88]. For this reason, in this study, the determination of the value of investment outlays related to the production of electricity using solar panels was based on the annual electricity demand of the farm, including household energy consumption and the demand resulting from the agricultural production processes.…”

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confidence: 99%

Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms

2021

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The public’s awareness of threats to the natural environment, as well as the hazard to human lives and health posed by the use of fossil fuels to generate energy has resulted in the growing interest in renewable energy sources, thus promoting attempts to reduce the dependency on conventional energy sources. Among the former, solar energy is one of the most promising. The aim of this study is to assess the macroeconomic efficiency of investments in photovoltaic installations to meet the demand for electricity of farms and agricultural production. Calculations were prepared for 48 variants comprising three farm types (dairy farms, field cropping farms, and mixed production farms), as well as 16 locations throughout Poland. The obtained results indicate high efficiency of electricity production using photovoltaic installations to cover the needs of farms in Poland. In macroeconomic accounting, NPV ranges from EUR 8200 to almost EUR 23,000, with the payback period depending on the farm type ranging from 4.3 up to 6 years, while the internal rate of return amounts to 21–32%. Increasing the scope of investments in photovoltaics (PV) to cover the electricity demand not only of the household, but also of the agricultural production leads to improved economic efficiency of energy production both in the macro- and microeconomic terms.

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Opportunity Cost (Cost of Lost Profits) as an Element of Decision-Making Analysis in Prosumer Energy

Kraszkiewicz

2024

Lecture Notes in Civil Engineering

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Economic Analysis of the Photovoltaic Installation Use Possibilities in Farms

Cited by 3 publications

References 6 publications

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

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

Macroeconomic Efficiency of Photovoltaic Energy Production in Polish Farms

Opportunity Cost (Cost of Lost Profits) as an Element of Decision-Making Analysis in Prosumer Energy

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