Abstract
Constant decrease of photovoltaic and battery system prices imposes the need for cost–benefit analysis of using combined photovoltaic and battery system for own consumption of generated and stored electric energy. Furthermore, European Union promotes increasing self-consumption by reducing feed-in tariffs for electric energy feed into the power grid. The objective of this paper is to provide a cost–benefit analysis of combined photovoltaic and battery system for certain household based on household annual load profile and annual irradiation profile considering the price of equipment, electricity feed-in tariff and retail price. The paper describes dependency of self-consumption indicators on installed photovoltaic power and battery capacity based on simple battery dispatch algorithm. Provided analysis show that investment in improving self-consumption is becoming attractive economical solution.
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Aščerić, A., Čepin, M., Blažič, B. (2021). Cost Analysis of Photovoltaic and Battery System for Improving Residential Energy Self-consumption. In: Avdaković, S., Volić, I., Mujčić, A., Uzunović, T., Mujezinović, A. (eds) Advanced Technologies, Systems, and Applications V. IAT 2020. Lecture Notes in Networks and Systems, vol 142. Springer, Cham. https://doi.org/10.1007/978-3-030-54765-3_5
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