Economic Feasibility of PV Installations for Multifamily Houses in Moscow
(2023) 25th International Scientific Conference on Advance in Civil Engineering: Construction - The Formation of Living Environment, FORM 2022 In AIP Conference Proceedings 2791(1).- Abstract
While it is evident that photovoltaic installations are becoming more and more widespread globally, demand for them in the Russian market remains low. Considering recent changes in the legal framework, which are beneficial for households with renewable energy, it is crucial to evaluate photovoltaic installation's economic feasibility for the Russian context, which is evaluated in this article. First, the authors created an hourly electricity consumption profile for a typical Russian multifamily house. Then a PV installation was designed and scaled to reach annual net-zero balance and net-zero balance in July for different ways of installing PV modules. After that, a monthly energy balance, considering underproduction and overproduction... (More)
While it is evident that photovoltaic installations are becoming more and more widespread globally, demand for them in the Russian market remains low. Considering recent changes in the legal framework, which are beneficial for households with renewable energy, it is crucial to evaluate photovoltaic installation's economic feasibility for the Russian context, which is evaluated in this article. First, the authors created an hourly electricity consumption profile for a typical Russian multifamily house. Then a PV installation was designed and scaled to reach annual net-zero balance and net-zero balance in July for different ways of installing PV modules. After that, a monthly energy balance, considering underproduction and overproduction of electrical energy, was calculated. Finally the costs of PV electricity were calculated including purchased equipment, costs for installation as well as cost for buying electricity not covered by the PV modules and sold electricity during hours of overproduction. The economical evaluation was performed assuming a 30 year lifetime for the PV installation. It is concluded in this paper that PV installations can be profitable in the Russian market.
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- author
- Iarkov, Ilia LU ; Rymarov, Andrey ; Titkov, Dmitriy ; Ananiev, Aleksey and Davidsson, Henrik LU
- organization
- publishing date
- 2023-08-02
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- AIP Conference Proceedings
- series title
- AIP Conference Proceedings
- editor
- Akimov, Pavel ; Tusnin, Alexander ; Vatin, Nikolai and Doroshenko, Anna
- volume
- 2791
- issue
- 1
- article number
- 050030
- edition
- 1
- publisher
- American Institute of Physics (AIP)
- conference name
- 25th International Scientific Conference on Advance in Civil Engineering: Construction - The Formation of Living Environment, FORM 2022
- conference location
- Moscow, Russian Federation
- conference dates
- 2022-04-20 - 2022-04-22
- external identifiers
-
- scopus:85176747058
- ISSN
- 1551-7616
- 0094-243X
- ISBN
- 9780735445420
- DOI
- 10.1063/5.0143494
- language
- English
- LU publication?
- yes
- additional info
- Publisher Copyright: © 2023 American Institute of Physics Inc.. All rights reserved.
- id
- ca9d62e8-a6a7-47a0-9a91-11094f7a16a6
- date added to LUP
- 2024-01-08 10:48:10
- date last changed
- 2024-04-23 06:24:47
@inproceedings{ca9d62e8-a6a7-47a0-9a91-11094f7a16a6,
abstract = {{<p>While it is evident that photovoltaic installations are becoming more and more widespread globally, demand for them in the Russian market remains low. Considering recent changes in the legal framework, which are beneficial for households with renewable energy, it is crucial to evaluate photovoltaic installation's economic feasibility for the Russian context, which is evaluated in this article. First, the authors created an hourly electricity consumption profile for a typical Russian multifamily house. Then a PV installation was designed and scaled to reach annual net-zero balance and net-zero balance in July for different ways of installing PV modules. After that, a monthly energy balance, considering underproduction and overproduction of electrical energy, was calculated. Finally the costs of PV electricity were calculated including purchased equipment, costs for installation as well as cost for buying electricity not covered by the PV modules and sold electricity during hours of overproduction. The economical evaluation was performed assuming a 30 year lifetime for the PV installation. It is concluded in this paper that PV installations can be profitable in the Russian market.</p>}},
author = {{Iarkov, Ilia and Rymarov, Andrey and Titkov, Dmitriy and Ananiev, Aleksey and Davidsson, Henrik}},
booktitle = {{AIP Conference Proceedings}},
editor = {{Akimov, Pavel and Tusnin, Alexander and Vatin, Nikolai and Doroshenko, Anna}},
isbn = {{9780735445420}},
issn = {{1551-7616}},
language = {{eng}},
month = {{08}},
number = {{1}},
publisher = {{American Institute of Physics (AIP)}},
series = {{AIP Conference Proceedings}},
title = {{Economic Feasibility of PV Installations for Multifamily Houses in Moscow}},
url = {{http://dx.doi.org/10.1063/5.0143494}},
doi = {{10.1063/5.0143494}},
volume = {{2791}},
year = {{2023}},
}