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Global warming, climate change, and resource depletion have forced us to reconsider energy usage and efficiencies over the last few decades. Residential and commercial buildings are both large energy consumers, so improving energy and material usage efficiency in this sector is a common research topic. According to a recent study, the Building Sector (BS) accounts for 40% of greenhouse gas emissions. The primary objective of this paper is to examine and assess the potential of Renewable Energy Systems (RES) and their combinations for enhancing energy efficiency in the BS. Specifically, the focus will be on converting low energy-efficient buildings into highly efficient ones. The potential of the RES and their combinations for the BS is evaluated based on payback durations, energy generation, and reduction of CO 2 emissions. The optimization flow charts for the RES, feasibility studies, commercialization road maps of energy storage systems and the necessity of control mechanisms for enhancing RES efficiency were discussed. Additionally, the technology drawbacks are discussed, along with various innovative techniques recommended to direct future study in this area. Finally, this article assists the audience clear idea in the selection of the right combination of potential RES based on different conditions to achieve deep decarbonization in BSs. • Buildings sector (BS) responsible for 40% of GHG emissions. • Study assesses potential of Renewable Energy System (RES) in BS. • RES evaluated on payback, energy generation, and CO 2 reduction. • Optimization, feasibility and commercialization studies were discussed. • Article recommends right RES combinations for deep decarbonization in BS. [ABSTRACT FROM AUTHOR]

The recent climate change, global warming, environmental disasters and the economic crisis are only the first signs of the failure of an economic system that, for too long, shows an uncontrolled utilization of the planet wealth. The Italian electricity market, which is strongly dependent on hydrocarbons, only in recent years has seen a first attempt to change towards renewable resources for electricity production aimed at self-consumption and for feeding into the grid. This paper presents an economic analysis whose purpose is to evaluate the profitability of investments in renewable technologies for the production of electricity. Each renewable source has its own profitability dependent on a number of factors and subject to market fluctuations, cost and frequent changes in the incentive policies. Applying Portfolio Theory is possible to select the right mix of renewable energy sources and simulate its evolution. Moreover the presented analysis can be useful for energy planners to select future green scenarios finalized to the reduction of emissions and energy imports through the increasing use of renewable energy. [ABSTRACT FROM AUTHOR]