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Measures for Assessing the Effectiveness of Investments for Electricity and Heat Generation from the Hybrid Cooperation of a Photovoltaic Installation with a Heat Pump on the Example of a Household

Author

Listed:
  • Mariusz Niekurzak

    (Faculty of Management, AGH University of Science and Technology, 30-067 Krakow, Poland)

  • Wojciech Lewicki

    (Faculty of Economics, West Pomeranian University of Technology Szczecin, 71-210 Szczecin, Poland)

  • Wojciech Drożdż

    (Institute of Management, University of Szczecin, Cukrowa 8, 71-004 Szczecin, Poland)

  • Paweł Miązek

    (Institute of Management, University of Szczecin, Cukrowa 8, 71-004 Szczecin, Poland)

Abstract

In recent years, one of the key postulates in the European Union’s policy has become the development of renewable energy sources. In order to achieve the desired synergy effect, the idea of combining two selected sources of energy appeared. This article presents a technical and economic analysis of a hybrid connection of a ground source heat pump with a photovoltaic installation. Taking into account the heat demand of the building, a ground heat pump with a catalog nominal heating power of 25 kW was selected. This article presents the problem of the economic profitability of using a hybrid combination of a heat pump and photovoltaic panels in domestic hot water and central heating systems. The justification for the use of such heat sources in these installations is due to global trends and the gradual departure from conventional energy sources such as oil or gas boilers. This paper presents the economic and ecological results of using the pump heat connected together with photovoltaic panels. In the economic analysis, with the assumed installation costs related to the use of the considered heat pump and PV, two parameters commonly used in the investment analysis (static and dynamic) were used, namely, the simple payback period and the net present value of the investment. For the adopted assumptions, the usable area of the facility and the number of years of use were indicated, at which the investment in question is competitive with other alternative investment interest methods and will start to bring tangible benefits. The performed analysis also has measurable environmental benefits in the form of a reduction in carbon dioxide emissions at the level of 2893 kg/year into the atmosphere. The presented solution will help future investors understand the investment profitability mechanism for their households.

Suggested Citation

  • Mariusz Niekurzak & Wojciech Lewicki & Wojciech Drożdż & Paweł Miązek, 2022. "Measures for Assessing the Effectiveness of Investments for Electricity and Heat Generation from the Hybrid Cooperation of a Photovoltaic Installation with a Heat Pump on the Example of a Household," Energies, MDPI, vol. 15(16), pages 1-20, August.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:16:p:6089-:d:894735
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    References listed on IDEAS

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    10. Mariusz Niekurzak, 2021. "The Potential of Using Renewable Energy Sources in Poland Taking into Account the Economic and Ecological Conditions," Energies, MDPI, vol. 14(22), pages 1-17, November.
    11. Zheng, Wandong & Yin, Hao & Li, Bojia & Zhang, Huan & Jurasz, Jakub & Zhong, Lei, 2022. "Heating performance and spatial analysis of seawater-source heat pump with staggered tube-bundle heat exchanger," Applied Energy, Elsevier, vol. 305(C).
    12. Piotr Wróblewski & Mariusz Niekurzak, 2022. "Assessment of the Possibility of Using Various Types of Renewable Energy Sources Installations in Single-Family Buildings as Part of Saving Final Energy Consumption in Polish Conditions," Energies, MDPI, vol. 15(4), pages 1-27, February.
    13. Karunakaran Venkatesan & Uma Govindarajan & Padmanathan Kasinathan & Sanjeevikumar Padmanaban & Jens Bo Holm-Nielsen & Zbigniew Leonowicz, 2019. "Economic Analysis of HRES Systems with Energy Storage During Grid Interruptions and Curtailment in Tamil Nadu, India: A Hybrid RBFNOEHO Technique," Energies, MDPI, vol. 12(16), pages 1-26, August.
    14. Mariusz Niekurzak, 2021. "Determining the Unit Values of the Allocation of Greenhouse Gas Emissions for the Production of Biofuels in the Life Cycle," Energies, MDPI, vol. 14(24), pages 1-18, December.
    15. Hassam ur Rehman & Janne Hirvonen & Juha Jokisalo & Risto Kosonen & Kai Sirén, 2020. "EU Emission Targets of 2050: Costs and CO 2 Emissions Comparison of Three Different Solar and Heat Pump-Based Community-Level District Heating Systems in Nordic Conditions," Energies, MDPI, vol. 13(16), pages 1-31, August.
    16. Joshua M. Pearce & Nelson Sommerfeldt, 2021. "Economics of Grid-Tied Solar Photovoltaic Systems Coupled to Heat Pumps: The Case of Northern Climates of the U.S. and Canada," Energies, MDPI, vol. 14(4), pages 1-17, February.
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    Cited by:

    1. Hasan Huseyin Coban & Wojciech Lewicki & Ewelina Sendek-Matysiak & Zbigniew Łosiewicz & Wojciech Drożdż & Radosław Miśkiewicz, 2022. "Electric Vehicles and Vehicle–Grid Interaction in the Turkish Electricity System," Energies, MDPI, vol. 15(21), pages 1-19, November.
    2. Mariusz Niekurzak & Wojciech Lewicki & Hasan Huseyin Coban & Agnieszka Brelik, 2023. "Conceptual Design of a Semi-Automatic Process Line for Recycling Photovoltaic Panels as a Way to Ecological Sustainable Production," Sustainability, MDPI, vol. 15(3), pages 1-20, February.
    3. Wojciech Lewicki & Mariusz Niekurzak & Ewelina Sendek-Matysiak, 2024. "Electromobility Stage in the Energy Transition Policy—Economic Dimension Analysis of Charging Costs of Electric Vehicles," Energies, MDPI, vol. 17(8), pages 1-16, April.
    4. Piotr Ciuman & Jan Kaczmarczyk & Małgorzata Jastrzębska, 2022. "Simulation Analysis of Heat Pumps Application for the Purposes of the Silesian Botanical Garden Facilities in Poland," Energies, MDPI, vol. 16(1), pages 1-19, December.
    5. Mariusz Niekurzak & Wojciech Lewicki & Agnieszka Brelik, 2022. "The Challenges for Social and Economic Policy Related to the Energy Transformation - Analysis of Profitability and Minimizing the Risk of Deciding to Invest in a Home Micro-Installation," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 144-159.

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