TY - GEN
T1 - Performance of a residential PV system in the desert southwest
AU - Bai, Y.
AU - Kokanos, B.
AU - Karady, G. G.
PY - 2013
Y1 - 2013
N2 - Recent research has allowed improved modeling of residential photovoltaic systems currently being deployed throughout the United States. In particular, aware of how photovoltaic systems perform under various environmental scenarios has improved giving those who buy or lease residential systems better insight into the economic performance of their systems and ultimately their investment. One aspect that affects performance is the impact of soiling. In this paper an empirically derived soiling model is assessed against other soiling assumptions on financial payback. In addition, potential owners are required to make decisions that will determine how quickly their investments will pay for themselves. These factors include cost of financing and tariff characteristics. Also, utility incentives have a significant impact on the return of a PV investment. Results show that potential buyers of photovoltaic systems need to examine certain economic assumptions to accurately assess whether or not to pursue an investment in a PV system.
AB - Recent research has allowed improved modeling of residential photovoltaic systems currently being deployed throughout the United States. In particular, aware of how photovoltaic systems perform under various environmental scenarios has improved giving those who buy or lease residential systems better insight into the economic performance of their systems and ultimately their investment. One aspect that affects performance is the impact of soiling. In this paper an empirically derived soiling model is assessed against other soiling assumptions on financial payback. In addition, potential owners are required to make decisions that will determine how quickly their investments will pay for themselves. These factors include cost of financing and tariff characteristics. Also, utility incentives have a significant impact on the return of a PV investment. Results show that potential buyers of photovoltaic systems need to examine certain economic assumptions to accurately assess whether or not to pursue an investment in a PV system.
KW - distributed generation
KW - economic analysis
KW - payback
KW - photovoltaic systems
UR - http://www.scopus.com/inward/record.url?scp=84893164248&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84893164248&partnerID=8YFLogxK
U2 - 10.1109/PESMG.2013.6672248
DO - 10.1109/PESMG.2013.6672248
M3 - Conference contribution
AN - SCOPUS:84893164248
SN - 9781479913039
T3 - IEEE Power and Energy Society General Meeting
BT - 2013 IEEE Power and Energy Society General Meeting, PES 2013
T2 - 2013 IEEE Power and Energy Society General Meeting, PES 2013
Y2 - 21 July 2013 through 25 July 2013
ER -