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Economics of Photovoltaic Systems

Economics of Photovoltaic Systems

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Published by Joshua Pearce
This is the 4th in a series of five fully annotated presentations created for the solar energy community to assist in the dissemination of information about solar photovoltaic (PV) cells in 2006. They have been updated by students in MECH820, a graduate engineering course in photovoltaic materials, devices, and systems in 2010. In order to make these presentations more accessible some of them have been transformed to odp, an Open Office format. The full series can be found here:
http://www.appropedia.org/Solar_Photovoltaic_Open_Lectures
This is the 4th in a series of five fully annotated presentations created for the solar energy community to assist in the dissemination of information about solar photovoltaic (PV) cells in 2006. They have been updated by students in MECH820, a graduate engineering course in photovoltaic materials, devices, and systems in 2010. In order to make these presentations more accessible some of them have been transformed to odp, an Open Office format. The full series can be found here:
http://www.appropedia.org/Solar_Photovoltaic_Open_Lectures

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Categories:Types, Speeches
Published by: Joshua Pearce on Jul 11, 2010
Copyright:Attribution Non-commercial

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05/22/2013

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Economics of Photovoltaic Systems
Original Presentation by J. M. Pearce, 2006Updated in 2010 by J.M. Pearce and M. PathakEmail: profpearce@gmail.com
 
PV Economics Basics
Solar Photovoltaic Cells convert sunlightdirectly into electricity They are sold on a $/Wp basis or $/powerWp is the power in Watts for
Peak sunhours
-- the equivalent number of hours perday, with solar irradiance equaling 1,000W/m
2
, that gives the same energy receivedfrom sunrise to sundown.To convert power to energy simply multiplyby the amount of time that the cell isilluminated
W * hr = 1 W-hr
Electricity (energy) is normally billed $/kW-hr
 
PV Economics Terms
kW = kilowatt = 1 000 WattsMW = Megawatt = 1 000 000 WattskW-h/kW/ *
* year or month or dayAmount of power predicted to be producedfrom a 1 kW solar panel in the desiredlocation
Payback = minimum time it takes torecover investment costs.

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