IDEAS home Printed from https://ideas.repec.org/a/eee/rensus/v81y2018ip2p2045-2058.html
   My bibliography  Save this article

Economic guideline about financial utilization of flat-plate solar collectors (FPSCs) for the consumer segment in the city of Eskisehir

Author

Listed:
  • Acaroğlu, Hakan
  • Baykul, M. Celalettin

Abstract

Solar energy systems yield energy savings relative to conventional systems by considering the ecological balance. Although, it still has barriers, the most commonly used system of this type is FPSC in Turkey, which produces hot water by absorbing solar energy through FPSCs. This study is a kind of guidance about utilization of FPSCs in Eskisehir that, concentrates on a consumer segment. The aim of the study is; displaying the necessity of transition to renewable energy systems in the local free markets where the place of domestic resources. The data is supplied from an original hand collected survey and Turkish governmental institutions such as the Central Bank of the Republic of Turkey (CBRT) and the Turkish Statistical Institute (TurkStat) that is used for a possible scenario to show how these systems can become an extensive investment and financed in the city. The most significant finding is purchasing a FPSC device which is a rational and profitable investment decision for households in the economic conditions of Eskisehir. This type of energy system has certain costs, including installation, credit and annual maintenance costs. However, after they have been set up, FPSC systems yield many ecological advantages that more than offset the associated costs, such as fuel savings over the long term and exemptions from tax payments that apply to other types of fuels. These advantages benefit both the environment on a global scale and the region in which the system is constructed. Therefore, the global and local economy can improve its structure by utilizing FPSCs.

Suggested Citation

  • 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.
    • Handle: RePEc:eee:rensus:v:81:y:2018:i:p2:p:2045-2058
    DOI: 10.1016/j.rser.2017.05.291
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1364032117309504
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.rser.2017.05.291?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Gabriel, Cle-Anne, 2016. "What is challenging renewable energy entrepreneurs in developing countries?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 362-371.
    2. Melikoglu, Mehmet, 2016. "The role of renewables and nuclear energy in Turkey׳s Vision 2023 energy targets: Economic and technical scrutiny," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 1-12.
    3. Bessa, Vanessa M.T. & Prado, Racine T.A., 2015. "Reduction of carbon dioxide emissions by solar water heating systems and passive technologies in social housing," Energy Policy, Elsevier, vol. 83(C), pages 138-150.
    4. Luo, Guo-liang & Long, Cheng-feng & Wei, Xiao & Tang, Wen-jun, 2016. "Financing risks involved in distributed PV power generation in China and analysis of countermeasures," Renewable and Sustainable Energy Reviews, Elsevier, vol. 63(C), pages 93-101.
    5. Shrivastava, R.L. & Vinod Kumar, & Untawale, S.P., 2017. "Modeling and simulation of solar water heater: A TRNSYS perspective," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 126-143.
    6. Kwan, Calvin Lee, 2012. "Influence of local environmental, social, economic and political variables on the spatial distribution of residential solar PV arrays across the United States," Energy Policy, Elsevier, vol. 47(C), pages 332-344.
    7. 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.
    8. Talavera, D.L. & Muñoz-Cerón, E. & de la Casa, J. & Ortega, M.J. & Almonacid, G., 2011. "Energy and economic analysis for large-scale integration of small photovoltaic systems in buildings: The case of a public location in Southern Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(9), pages 4310-4319.
    9. Wei, Haokun & Liu, Jian & Yang, Biao, 2014. "Cost-benefit comparison between Domestic Solar Water Heater (DSHW) and Building Integrated Photovoltaic (BIPV) systems for households in urban China," Applied Energy, Elsevier, vol. 126(C), pages 47-55.
    10. Talavera, D.L. & Muñoz-Cerón, E. & Ferrer-Rodríguez, J.P. & Nofuentes, G., 2016. "Evolution of the cost and economic profitability of grid-connected PV investments in Spain: Long-term review according to the different regulatory frameworks approved," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 233-247.
    11. Grieve, Campbell & Lawson, Rob & Henry, James, 2012. "Understanding the non-adoption of energy efficient hot water systems in New Zealand," Energy Policy, Elsevier, vol. 48(C), pages 369-373.
    12. Ozoegwu, C.G. & Mgbemene, C.A. & Ozor, P.A., 2017. "The status of solar energy integration and policy in Nigeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 457-471.
    13. Dawn, Subhojit & Tiwari, Prashant Kumar & Goswami, Arup Kumar & Mishra, Manash Kumar, 2016. "Recent developments of solar energy in India: Perspectives, strategies and future goals," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 215-235.
    14. Halder, P.K., 2016. "Potential and economic feasibility of solar home systems implementation in Bangladesh," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 568-576.
    15. Bilgen, Selçuk & Keles, Sedat & Kaygusuz, Abdullah & SarI, Ahmet & Kaygusuz, Kamil, 2008. "Global warming and renewable energy sources for sustainable development: A case study in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 12(2), pages 372-396, February.
    16. Gene R. Heinze Fry, 1986. "The Economics of Home Solar Water Heating and the Role of Solar Tax Credits," Land Economics, University of Wisconsin Press, vol. 62(2), pages 134-144.
    17. Yurtsev, Arif & Jenkins, Glenn P., 2016. "Cost-effectiveness analysis of alternative water heater systems operating with unreliable water supplies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 174-183.
    18. Simsek, Hayal Ayca & Simsek, Nevzat, 2013. "Recent incentives for renewable energy in Turkey," Energy Policy, Elsevier, vol. 63(C), pages 521-530.
    19. Bhandari, Khagendra P. & Collier, Jennifer M. & Ellingson, Randy J. & Apul, Defne S., 2015. "Energy payback time (EPBT) and energy return on energy invested (EROI) of solar photovoltaic systems: A systematic review and meta-analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 47(C), pages 133-141.
    20. Manju, S. & Sagar, Netramani, 2017. "Progressing towards the development of sustainable energy: A critical review on the current status, applications, developmental barriers and prospects of solar photovoltaic systems in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 298-313.
    21. Baños, R. & Manzano-Agugliaro, F. & Montoya, F.G. & Gil, C. & Alcayde, A. & Gómez, J., 2011. "Optimization methods applied to renewable and sustainable energy: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(4), pages 1753-1766, May.
    22. Sellami, R. & Merzouk, N. Kasbadji & Amirat, M. & Chekrouni, R. & Ouhib, N. & Hadji, A., 2016. "Market potential and development prospects of the solar water heater field in Algeria," Renewable and Sustainable Energy Reviews, Elsevier, vol. 65(C), pages 617-625.
    23. Kar, Sanjay Kumar & Sharma, Atul & Roy, Biswajit, 2016. "Solar energy market developments in India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 121-133.
    24. Ozturk, Ilhan & Acaravci, Ali, 2013. "The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey," Energy Economics, Elsevier, vol. 36(C), pages 262-267.
    25. Ma, Ben & Song, Guojun & Smardon, Richard C. & Chen, Jing, 2014. "Diffusion of solar water heaters in regional China: Economic feasibility and policy effectiveness evaluation," Energy Policy, Elsevier, vol. 72(C), pages 23-34.
    26. Benli, Hüseyin, 2016. "Potential application of solar water heaters for hot water production in Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 99-109.
    27. Faiers, Adam & Neame, Charles, 2006. "Consumer attitudes towards domestic solar power systems," Energy Policy, Elsevier, vol. 34(14), pages 1797-1806, September.
    28. Thapar, Sapan & Sharma, Seema & Verma, Ashu, 2016. "Economic and environmental effectiveness of renewable energy policy instruments: Best practices from India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 66(C), pages 487-498.
    29. Goess, Simon & de Jong, Martin & Ravesteijn, Wim, 2015. "What makes renewable energy successful in China? The case of the Shandong province solar water heater innovation system," Energy Policy, Elsevier, vol. 86(C), pages 684-696.
    30. Varun & Prakash, Ravi & Bhat, Inder Krishnan, 2009. "Energy, economics and environmental impacts of renewable energy systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 13(9), pages 2716-2721, December.
    31. Ciriminna, Rosaria & Meneguzzo, Francesco & Pecoraino, Mario & Pagliaro, Mario, 2016. "Rethinking solar energy education on the dawn of the solar economy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 63(C), pages 13-18.
    32. Li, Wei & Song, Guojun & Beresford, Melanie & Ma, Ben, 2011. "China's transition to green energy systems: The economics of home solar water heaters and their popularization in Dezhou city," Energy Policy, Elsevier, vol. 39(10), pages 5909-5919, October.
    33. Gill, Nicholas & Osman, Peter & Head, Lesley & Voyer, Michelle & Harada, Theresa & Waitt, Gordon & Gibson, Chris, 2015. "Looking beyond installation: Why households struggle to make the most of solar hot water systems," Energy Policy, Elsevier, vol. 87(C), pages 83-94.
    34. Sidiras, Dimitrios K. & Koukios, Emmanuel G., 2004. "Solar systems diffusion in local markets," Energy Policy, Elsevier, vol. 32(18), pages 2007-2018, December.
    35. Urban, Frauke & Geall, Sam & Wang, Yu, 2016. "Solar PV and solar water heaters in China: Different pathways to low carbon energy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 531-542.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Qiu, Guodong & Yu, Shipeng & Cai, Weihua, 2021. "A novel heating strategy and its optimization of a solar heating system for a commercial building in term of economy," Energy, Elsevier, vol. 221(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gill, Nicholas & Osman, Peter & Head, Lesley & Voyer, Michelle & Harada, Theresa & Waitt, Gordon & Gibson, Chris, 2015. "Looking beyond installation: Why households struggle to make the most of solar hot water systems," Energy Policy, Elsevier, vol. 87(C), pages 83-94.
    2. Ma, Ben & Yu, Yihua & Urban, Frauke, 2018. "Green transition of energy systems in rural China: National survey evidence of households’ discrete choices on water heaters," Energy Policy, Elsevier, vol. 113(C), pages 559-570.
    3. Huang, Junpeng & Tian, Zhiyong & Fan, Jianhua, 2019. "A comprehensive analysis on development and transition of the solar thermal market in China with more than 70% market share worldwide," Energy, Elsevier, vol. 174(C), pages 611-624.
    4. Yu, Zhen & Gibbs, David, 2018. "Encircling cities from rural areas? Barriers to the diffusion of solar water heaters in China's urban market," Energy Policy, Elsevier, vol. 115(C), pages 366-373.
    5. Burke, Paul J. & Widnyana, Jinnie & Anjum, Zeba & Aisbett, Emma & Resosudarmo, Budy & Baldwin, Kenneth G.H., 2019. "Overcoming barriers to solar and wind energy adoption in two Asian giants: India and Indonesia," Energy Policy, Elsevier, vol. 132(C), pages 1216-1228.
    6. Sindhu, Sonal & Nehra, Vijay & Luthra, Sunil, 2017. "Investigation of feasibility study of solar farms deployment using hybrid AHP-TOPSIS analysis: Case study of India," Renewable and Sustainable Energy Reviews, Elsevier, vol. 73(C), pages 496-511.
    7. Sovacool, Benjamin K. & Martiskainen, Mari, 2020. "Hot transformations: Governing rapid and deep household heating transitions in China, Denmark, Finland and the United Kingdom," Energy Policy, Elsevier, vol. 139(C).
    8. Sara Ghaboulian Zare & Reza Hafezi & Mohammad Alipour & Reza Parsaei Tabar & Rodney A. Stewart, 2021. "Residential Solar Water Heater Adoption Behaviour: A Review of Economic and Technical Predictors and Their Correlation with the Adoption Decision," Energies, MDPI, vol. 14(20), pages 1-26, October.
    9. Gautam, Abhishek & Chamoli, Sunil & Kumar, Alok & Singh, Satyendra, 2017. "A review on technical improvements, economic feasibility and world scenario of solar water heating system," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 541-562.
    10. Mostafaeipour, Ali & Zarezade, Marjan & Goudarzi, Hossein & Rezaei-Shouroki, Mostafa & Qolipour, Mojtaba, 2017. "Investigating the factors on using the solar water heaters for dry arid regions: A case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 78(C), pages 157-166.
    11. Bose, A.S. & Sarkar, S., 2019. "India's e-reverse auctions (2017–2018) for allocating renewable energy capacity: An evaluation," Renewable and Sustainable Energy Reviews, Elsevier, vol. 112(C), pages 762-774.
    12. Ryszard Kata & Kazimierz Cyran & Sławomir Dybka & Małgorzata Lechwar & Rafał Pitera, 2021. "Economic and Social Aspects of Using Energy from PV and Solar Installations in Farmers’ Households in the Podkarpackie Region," Energies, MDPI, vol. 14(11), pages 1-21, May.
    13. 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.
    14. Victoria Kihlström & Jörgen Elbe, 2021. "Constructing Markets for Solar Energy—A Review of Literature about Market Barriers and Government Responses," Sustainability, MDPI, vol. 13(6), pages 1-20, March.
    15. Lu, Yujie & Chang, Ruidong & Lim, Suxann, 2018. "Crowdfunding for solar photovoltaics development: A review and forecast," Renewable and Sustainable Energy Reviews, Elsevier, vol. 93(C), pages 439-450.
    16. Briguglio, Marie & Formosa, Glenn, 2017. "When households go solar: Determinants of uptake of a Photovoltaic Scheme and policy insights," Energy Policy, Elsevier, vol. 108(C), pages 154-162.
    17. Satir, Mert & Murphy, Fionnuala & McDonnell, Kevin, 2018. "Feasibility study of an offshore wind farm in the Aegean Sea, Turkey," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2552-2562.
    18. Muñoz-Cerón, E. & Lomas, J.C. & Aguilera, J. & de la Casa, J., 2018. "Influence of Operation and Maintenance expenditures in the feasibility of photovoltaic projects: The case of a tracking pv plant in Spain," Energy Policy, Elsevier, vol. 121(C), pages 506-518.
    19. Adil, Ali M. & Ko, Yekang, 2016. "Socio-technical evolution of Decentralized Energy Systems: A critical review and implications for urban planning and policy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 1025-1037.
    20. Haneen Abuzaid & Fatin Samara, 2022. "Environmental and Economic Impact Assessments of a Photovoltaic Rooftop System in the United Arab Emirates," Energies, MDPI, vol. 15(22), pages 1-27, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:81:y:2018:i:p2:p:2045-2058. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.