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Economic analysis of flat-plate solar collectors (FPSCs): A solution to the unemployment problem in the city of Eskisehir

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  • Acaroğlu, Hakan
  • Baykul, M. Celalettin

Abstract

This study performs a regional economic analysis of solar energy systems in Eskisehir, Turkey that focuses on production and utilization of FPSCs. The data is obtained from a locally conducted survey and used for practical estimations. Both, the survey findings and the theoretical predictions give close results and they sustain each other. Under the condition of free market considering profit maximization, to produce 30 FPSCs per day in optimum conditions, 30 workers would be employed per shift. If a company can meet the market demand, 450,000,000 Turkish Liras (TL) (1$=2.85TL with current prices) of revenue will be earned from the production of 300,000 FPSCs in 30 years are displayed. On the other hand, this renewable energy system has some costs. However, once it has been set up, the system will produce many ecological advantages that more than offset its costs. These effects benefit both the local region in which the system is established and the environment on a global scale. In addition, the process of collecting and utilizing solar energy can be used together with recycling systems to generate advantages for a local economy and can also benefit the global economy by solving unemployment problems by creating employment opportunities.

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  • Acaroğlu, Hakan & Baykul, M. Celalettin, 2016. "Economic analysis of flat-plate solar collectors (FPSCs): A solution to the unemployment problem in the city of Eskisehir," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 607-617.
    • Handle: RePEc:eee:rensus:v:64:y:2016:i:c:p:607-617
    DOI: 10.1016/j.rser.2016.06.020
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    1. Acaroğlu, Hakan & Baykul, M. Celalettin, 2018. "Economic guideline about financial utilization of flat-plate solar collectors (FPSCs) for the consumer segment in the city of Eskisehir," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2045-2058.
    2. Acaroğlu, Hakan & Güllü, Mustafa, 2022. "Climate change caused by renewable and non-renewable energy consumption and economic growth: A time series ARDL analysis for Turkey," Renewable Energy, Elsevier, vol. 193(C), pages 434-447.

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    More about this item

    Keywords

    Renewable energy; Solar energy; FPSCs; Regional employment; Eskisehir;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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