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Tables for the estimation of the internal rate of return of photovoltaic grid-connected systems
- Source :
-
Renewable & Sustainable Energy Reviews . Apr2007, Vol. 11 Issue 3, p447-466. 20p. - Publication Year :
- 2007
-
Abstract
- Abstract: A continuous decrease trend in PV costs together with a wide variety of supporting measures have turned photovoltaic grid-connected systems (PVGCS) into a profitable investment when some economic conditions are met. The internal rate of return (IRR) is a meaningful parameter for prospective owners of these PV systems. Nevertheless, this parameter has to be estimated by means of non-analytical methods. This paper presents some easy-to-use tables addressed to estimate the IRR avoiding cumbersome calculations, which is an attractive feature for owners, marketers and designers. Firstly, current and near-term costs of PVGCS are reviewed, together with some financial incentives available at present. This introduces the economic scenario, where the tables are to be used. A short introduction to the economic analysis of these systems provides a solid ground to eventually present the tables intended to the estimation of the IRR. Lastly, three examples demonstrate the use of the tables. [Copyright &y& Elsevier]
Details
- Language :
- English
- ISSN :
- 13640321
- Volume :
- 11
- Issue :
- 3
- Database :
- Academic Search Index
- Journal :
- Renewable & Sustainable Energy Reviews
- Publication Type :
- Academic Journal
- Accession number :
- 22221949
- Full Text :
- https://doi.org/10.1016/j.rser.2005.02.002