Economic analysis of grid-connected residential rooftop PV systems in Turkey

dc.contributor.authorDuman, Anıl Can
dc.contributor.authorGüler, Önder
dc.date.accessioned2021-01-08T21:51:20Z
dc.date.available2021-01-08T21:51:20Z
dc.date.issued2020
dc.departmentTAÜ, Fen Fakültesi, Enerji Bilimi ve Teknolojileri Bölümüen_US
dc.descriptionGuler, Onder/0000-0002-6025-2547; Duman, A Can/0000-0002-2078-838Xen_US
dc.descriptionWOS:000510524900058en_US
dc.description.abstractThis study presents an economic analysis of grid-connected residential rooftop PVs in Turkey under the current feed-in tariff (FiT) scheme. Three solar parts are formed on the solar map of Turkey to discuss the effect of solar radiation differences between regions on the feasibility of the systems. Nine provinces are selected for a nationwide analysis. 5 kW rooftop PVs are simulated using HOMER Grid. Discounted Payback Period (DPBP), Internal Rate of Return (IRR) and Profitability Index (Pl) are used to ensure the viability of the systems from all aspects. DPBP below 8 years, IRR above 13.12%, and PI above 2 are considered feasible. The results showed that current DPBP, IRR, and Pl of the systems are in the range of 7.75-14.43 years, 13.68%-6.87%, and 2.02-1.28, respectively. The systems are attractive only in one province in the southern part, and far from being investable in the northern part. A sensitivity analysis is performed to analyze the effect of varying FiT and PV initial cost on the feasibility of the systems and make policy implications. It is recommended to increase the amount of residential PV incentives in Turkey and develop a regional support mechanism, considering solar differences between regions. (C) 2019 Elsevier Ltd. All rights reserved.
dc.identifier.doi10.1016/j.renene.2019.10.157
dc.identifier.endpage711en_US
dc.identifier.issn0960-1481
dc.identifier.scopus2-s2.0-85075433175
dc.identifier.scopusqualityQ1
dc.identifier.startpage697en_US
dc.identifier.urihttp://doi.org/10.1016/j.renene.2019.10.157
dc.identifier.urihttps://hdl.handle.net/20.500.12846/153
dc.identifier.volume148en_US
dc.identifier.wosWOS:000510524900058
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorDuman, Anıl Can
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofRenewable Energy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectRooftop Pven_US
dc.subjectProfitability Indexen_US
dc.subjectInternal Rate Of Returnen_US
dc.subjectDiscounted Payback Perioden_US
dc.subjectFeed-In Tariffen_US
dc.subjectFeasibility Analysisen_US
dc.subjectHomer Griden_US
dc.titleEconomic analysis of grid-connected residential rooftop PV systems in Turkey
dc.typeArticle

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