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Technical feasibility and economic viability of a small-scale grid connected solar thermal installation for electrical-energy saving

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  • Bakos, G. C.
  • Tsagas, N. F.

Abstract

This paper reports on the techno-economic assessment of a grid-connected solar thermal system used for electrical-energy saving in the residential sector. The technical characteristics of the solar thermal system, based on a line-focus parabolic-trough concentrator, are given and its useful electrical and thermal-energy production is estimated using a simulation program based on a Monte Carlo method for reading solar radiation data. The economic assessment is performed using the Life-Cycle Savings (LCS) method and the payback period (PBP) of the investment's initial capital cost is determined.

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  • Bakos, G. C. & Tsagas, N. F., 2002. "Technical feasibility and economic viability of a small-scale grid connected solar thermal installation for electrical-energy saving," Applied Energy, Elsevier, vol. 72(3-4), pages 621-630, July.
    • Handle: RePEc:eee:appene:v:72:y:2002:i:3-4:p:621-630
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    1. Bakos, G. C. & Ioannidis, I. & Tsagas, N. F. & Seftelis, I., 2001. "Design, optimisation and conversion-efficiency determination of a line-focus parabolic-trough solar-collector (PTC)," Applied Energy, Elsevier, vol. 68(1), pages 43-50, January.
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    1. Heard, B.P. & Brook, B.W. & Wigley, T.M.L. & Bradshaw, C.J.A., 2017. "Burden of proof: A comprehensive review of the feasibility of 100% renewable-electricity systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 76(C), pages 1122-1133.
    2. Chong, W.T. & Naghavi, M.S. & Poh, S.C. & Mahlia, T.M.I. & Pan, K.C., 2011. "Techno-economic analysis of a wind–solar hybrid renewable energy system with rainwater collection feature for urban high-rise application," Applied Energy, Elsevier, vol. 88(11), pages 4067-4077.

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