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A support strategy for the promotion of photovoltaic uses for residential houses in Korea

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  • Oh, Si-Doek
  • Lee, Yeji
  • Yoo, Yungpil
  • Kim, Jinoh
  • Kim, Suyong
  • Song, Seung Jin
  • Kwak, Ho-Young

Abstract

Various policies such as feed-in tariffs, quota obligations and capital subsides were enacted to expand the uses of renewable energy (RE) in many countries. This study examined whether capital subsidies are cost effective in relation to the installation of solar photovoltaic (PV) facility. To do this, the capacity factor, which is one of the crucial factors for determining the unit cost of electricity from a solar PV system, was estimated from the monthly average clearness index data collected at various cities in Korea. Thermoeconomic analysis was applied to calculate the unit cost of electricity based on the calculated capacity factor of the solar PV system. Instead of subsidizing the same percent of the capital cost of each PV system installation, it is reasonable for the government to adopt a measure to match the subsidy paid to the payback period of the initial investment for all 5 million potential solar PV users in Korea.

Suggested Citation

  • Oh, Si-Doek & Lee, Yeji & Yoo, Yungpil & Kim, Jinoh & Kim, Suyong & Song, Seung Jin & Kwak, Ho-Young, 2013. "A support strategy for the promotion of photovoltaic uses for residential houses in Korea," Energy Policy, Elsevier, vol. 53(C), pages 248-256.
    • Handle: RePEc:eee:enepol:v:53:y:2013:i:c:p:248-256
    DOI: 10.1016/j.enpol.2012.10.057
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    1. Orioli, Aldo & Di Gangi, Alessandra, 2017. "Six-years-long effects of the Italian policies for photovoltaics on the pay-back period of grid-connected PV systems installed in urban contexts," Energy, Elsevier, vol. 122(C), pages 458-470.
    2. Zou, Hongyang & Du, Huibin & Brown, Marilyn A. & Mao, Guozhu, 2017. "Large-scale PV power generation in China: A grid parity and techno-economic analysis," Energy, Elsevier, vol. 134(C), pages 256-268.
    3. Song, Jeonghun & Oh, Si-Doek & Yoo, Yungpil & Seo, Seok-Ho & Paek, Insu & Song, Yuan & Song, Seung Jin, 2018. "System design and policy suggestion for reducing electricity curtailment in renewable power systems for remote islands," Applied Energy, Elsevier, vol. 225(C), pages 195-208.
    4. Jung, Jung-Yeul & Lee, Ho Saeng & Kim, Hyeon-Ju & Yoo, Yungpil & Choi, Woo-Young & Kwak, Ho-Young, 2016. "Thermoeconomic analysis of an ocean thermal energy conversion plant," Renewable Energy, Elsevier, vol. 86(C), pages 1086-1094.
    5. Jeong, Gicheol, 2013. "Assessment of government support for the household adoption of micro-generation systems in Korea," Energy Policy, Elsevier, vol. 62(C), pages 573-581.
    6. Song, Jeonghun & Song, Seung Jin & Oh, Si-Deok & Yoo, Yungpil, 2015. "Evaluation of potential fossil fuel conservation by the renewable heat obligation in Korea," Renewable Energy, Elsevier, vol. 79(C), pages 140-149.
    7. Chen, Zhisong & Su, Shong-Iee Ivan, 2014. "Photovoltaic supply chain coordination with strategic consumers in China," Renewable Energy, Elsevier, vol. 68(C), pages 236-244.

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