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Economic feasibility of campus-wide photovoltaic systems in New England

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  • Lee, Jongsung
  • Chang, Byungik
  • Aktas, Can
  • Gorthala, Ravi

Abstract

Compared to the national average residential retail electricity price, Connecticut (CT) had the 4th highest electricity price in the country with 19.23 cents/kWh in September 2015, nearly 50% higher than the national average for price of electricity. This study aims to assess the economic feasibility of the solar PV systems at the campus under realistic constraints, by analyzing actual data from the solar array on campus. The project focused on the economic feasibility of solar PV systems on campus with physical, spatial, and practical constraints that result in a project to deviate from theoretical (estimated) values. To achieve that, the prediction of the PV power generation from the building was developed and compared with the actual (measured) data.

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  • Lee, Jongsung & Chang, Byungik & Aktas, Can & Gorthala, Ravi, 2016. "Economic feasibility of campus-wide photovoltaic systems in New England," Renewable Energy, Elsevier, vol. 99(C), pages 452-464.
    • Handle: RePEc:eee:renene:v:99:y:2016:i:c:p:452-464
    DOI: 10.1016/j.renene.2016.07.009
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    14. Patrick Gregory B. Jara & Michael T. Castro & Eugene A. Esparcia & Joey D. Ocon, 2020. "Quantifying the Techno-Economic Potential of Grid-Tied Rooftop Solar Photovoltaics in the Philippine Industrial Sector," Energies, MDPI, vol. 13(19), pages 1-20, September.
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    18. Jie Yang & Baorui Cai & Jingyu Cao & Yunjie Wang & Huihan Yang & Ping Zhu, 2023. "Comprehensive Characterization of Energy Saving and Environmental Benefits of Campus Photovoltaic Buildings," Energies, MDPI, vol. 16(20), pages 1-16, October.
    19. Lee, Minhyun & Hong, Taehoon & Jeong, Jaewook & Jeong, Kwangbok, 2018. "Development of a rooftop solar photovoltaic rating system considering the technical and economic suitability criteria at the building level," Energy, Elsevier, vol. 160(C), pages 213-224.
    20. Ciprian Cristea & Maria Cristea & Dan Doru Micu & Andrei Ceclan & Radu-Adrian Tîrnovan & Florica Mioara Șerban, 2022. "Tridimensional Sustainability and Feasibility Assessment of Grid-Connected Solar Photovoltaic Systems Applied for the Technical University of Cluj-Napoca," Sustainability, MDPI, vol. 14(17), pages 1-23, August.
    21. Olivieri, Lorenzo & Caamaño-Martín, Estefanía & Sassenou, Louise-Nour & Olivieri, Francesca, 2020. "Contribution of photovoltaic distributed generation to the transition towards an emission-free supply to university campus: technical, economic feasibility and carbon emission reduction at the Univers," Renewable Energy, Elsevier, vol. 162(C), pages 1703-1714.
    22. Xingyu Zhu & Yuexia Lv & Jinpeng Bi & Mingkun Jiang & Yancai Su & Tingting Du, 2023. "Techno-Economic Analysis of Rooftop Photovoltaic System under Different Scenarios in China University Campuses," Energies, MDPI, vol. 16(7), pages 1-18, March.

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