TY - JOUR
T1 - Technical and financial assessment of photovoltaic solar systems for residential complexes considering three different commercial technologies and Colombia’s energy policy
AU - Muñoz, Yecid
AU - Carvajal, Luz Helena
AU - Méndez, Juan Pablo
AU - Niño, Javier Camilo
AU - De La Rosa, Miguel Angel
AU - Ospino, Adalberto
N1 - Publisher Copyright:
© 2021, Econjournals. All rights reserved.
PY - 2021
Y1 - 2021
N2 - The use of solar energy is increasingly prevalent in residential areas around the world due to the decrease in the levelized cost of energy (LCOE) for projects that meet the energy need in homes, in Colombia regulations have begun to facilitate the integration of grid-connected renewable energy projects and in isolated areas. The purpose of this research is to technically and financially assess the feasibility of a solar photovoltaic system connected to the grid in a residential complex in Colombia according to the regulatory framework in force at 2020, comparing three photovoltaic module technologies, as well as three generation scenarios (self-consumption, exchange with the network and sale of surpluses), financial feasibility was assessed taking into account three financial goodness criteria (NPV, IRR and Payback Time). The results of the research indicate that the most feasible generation scenario technically and economically is self-consumption using Si-Poly technology, for the self-consumption scenario the solar photovoltaic system requires an installed capacity of 3.77 kW peak, with an investment cost of $5,748 USD, according to the criteria of kindness the Payback Time is 7 years, with an IRR of 19.67% for the project and $49,920 USD of NPV.
AB - The use of solar energy is increasingly prevalent in residential areas around the world due to the decrease in the levelized cost of energy (LCOE) for projects that meet the energy need in homes, in Colombia regulations have begun to facilitate the integration of grid-connected renewable energy projects and in isolated areas. The purpose of this research is to technically and financially assess the feasibility of a solar photovoltaic system connected to the grid in a residential complex in Colombia according to the regulatory framework in force at 2020, comparing three photovoltaic module technologies, as well as three generation scenarios (self-consumption, exchange with the network and sale of surpluses), financial feasibility was assessed taking into account three financial goodness criteria (NPV, IRR and Payback Time). The results of the research indicate that the most feasible generation scenario technically and economically is self-consumption using Si-Poly technology, for the self-consumption scenario the solar photovoltaic system requires an installed capacity of 3.77 kW peak, with an investment cost of $5,748 USD, according to the criteria of kindness the Payback Time is 7 years, with an IRR of 19.67% for the project and $49,920 USD of NPV.
KW - Colombian Renewable Energy Regulations
KW - PV System ON Grid
KW - Solar Communities
KW - Technical and Economic Analysis
UR - http://www.scopus.com/inward/record.url?scp=85100349741&partnerID=8YFLogxK
U2 - 10.32479/ijeep.9981
DO - 10.32479/ijeep.9981
M3 - Artículo Científico
AN - SCOPUS:85100349741
SN - 2146-4553
VL - 11
SP - 272
EP - 280
JO - International Journal of Energy Economics and Policy
JF - International Journal of Energy Economics and Policy
IS - 2
ER -