Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes

In this paper, economic feasibility of installing small-scale solar photovoltaic (PV) system is studied at the residential and commercial buildings from an end-user perspective. Based on given scenarios, the best sizing methodology of solar PV system installation has been proposed focusing primarily...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Abdul Rauf, Ali T. Al-Awami, Mahmoud Kassas, Muhammad Khalid
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	capacity optimization cost minimization net metering schemes renewable energy solar PV Electronics TK7800-8360
Acceso en línea:	https://doaj.org/article/7902a00ffdb14c8ab7c326dc526b185a
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:7902a00ffdb14c8ab7c326dc526b185a
record_format	dspace
spelling	oai:doaj.org-article:7902a00ffdb14c8ab7c326dc526b185a2021-11-11T15:42:23ZOptimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes10.3390/electronics102127132079-9292https://doaj.org/article/7902a00ffdb14c8ab7c326dc526b185a2021-11-01T00:00:00Zhttps://www.mdpi.com/2079-9292/10/21/2713https://doaj.org/toc/2079-9292In this paper, economic feasibility of installing small-scale solar photovoltaic (PV) system is studied at the residential and commercial buildings from an end-user perspective. Based on given scenarios, the best sizing methodology of solar PV system installation has been proposed focusing primarily on the minimum payback period under given (rooftop) area for solar PV installation by the customer. The strategy is demonstrated with the help of a case study using real-time monthly load profile data of residential as well as commercial load/customers and current market price for solar PVs and inverters. In addition, sensitivity analysis has also been carried out to examine the effectiveness of net metering scheme for fairly high participation from end users. Since Saudi Arabia’s Electricity and Co-generation Regulatory Authority (ECRA) has recently approved and published the net metering scheme for small-scale solar PV systems allowing end users to generate and export energy surplus to the utility grid, the proposed scheme has become vital and its practical significance is justified with figures and graphs obtained through computer simulations.Abdul RaufAli T. Al-AwamiMahmoud KassasMuhammad KhalidMDPI AGarticlecapacity optimizationcost minimizationnet metering schemesrenewable energysolar PVElectronicsTK7800-8360ENElectronics, Vol 10, Iss 2713, p 2713 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	capacity optimization cost minimization net metering schemes renewable energy solar PV Electronics TK7800-8360
spellingShingle	capacity optimization cost minimization net metering schemes renewable energy solar PV Electronics TK7800-8360 Abdul Rauf Ali T. Al-Awami Mahmoud Kassas Muhammad Khalid Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes
description	In this paper, economic feasibility of installing small-scale solar photovoltaic (PV) system is studied at the residential and commercial buildings from an end-user perspective. Based on given scenarios, the best sizing methodology of solar PV system installation has been proposed focusing primarily on the minimum payback period under given (rooftop) area for solar PV installation by the customer. The strategy is demonstrated with the help of a case study using real-time monthly load profile data of residential as well as commercial load/customers and current market price for solar PVs and inverters. In addition, sensitivity analysis has also been carried out to examine the effectiveness of net metering scheme for fairly high participation from end users. Since Saudi Arabia’s Electricity and Co-generation Regulatory Authority (ECRA) has recently approved and published the net metering scheme for small-scale solar PV systems allowing end users to generate and export energy surplus to the utility grid, the proposed scheme has become vital and its practical significance is justified with figures and graphs obtained through computer simulations.
format	article
author	Abdul Rauf Ali T. Al-Awami Mahmoud Kassas Muhammad Khalid
author_facet	Abdul Rauf Ali T. Al-Awami Mahmoud Kassas Muhammad Khalid
author_sort	Abdul Rauf
title	Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes
title_short	Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes
title_full	Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes
title_fullStr	Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes
title_full_unstemmed	Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes
title_sort	optimal sizing and cost minimization of solar photovoltaic power system considering economical perspectives and net metering schemes
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/7902a00ffdb14c8ab7c326dc526b185a
work_keys_str_mv	AT abdulrauf optimalsizingandcostminimizationofsolarphotovoltaicpowersystemconsideringeconomicalperspectivesandnetmeteringschemes AT alitalawami optimalsizingandcostminimizationofsolarphotovoltaicpowersystemconsideringeconomicalperspectivesandnetmeteringschemes AT mahmoudkassas optimalsizingandcostminimizationofsolarphotovoltaicpowersystemconsideringeconomicalperspectivesandnetmeteringschemes AT muhammadkhalid optimalsizingandcostminimizationofsolarphotovoltaicpowersystemconsideringeconomicalperspectivesandnetmeteringschemes
_version_	1718434092536561664

Optimal Sizing and Cost Minimization of Solar Photovoltaic Power System Considering Economical Perspectives and Net Metering Schemes

Ejemplares similares