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Performance and Economic Evaluation of Solar Rooftop Systems in Different Regions of Thailand

Author

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  • Suntiti Yoomak

    (Faculty of Engineering, King Mongkut’s Institute of Technology Ladkrabang, Bangkok 10520, Thailand)

  • Theerasak Patcharoen

    (Faculty of Industrial Technology, Rajabhat Rajanagarindra University, Chachoengsao 24000, Thailand)

  • Atthapol Ngaopitakkul

    (Faculty of Engineering, King Mongkut’s Institute of Technology Ladkrabang, Bangkok 10520, Thailand)

Abstract

Solar rooftop systems in the residential sector have been rapidly increased in the term of installed capacity. There are various factors, such as climate, temperature, and solar radiation, that have effects on solar power generation efficiency. This paper presents a performance assessment of a solar system installed on the rooftop of residence in different regions of Thailand by using PSIM simulation. Solar rooftop installation comparison in different regions is carried out to evaluate the suitable location. In addition, three types of solar panels are used in research: monocrystalline, polycrystalline, and thin-film. The electrical parameters of real power and energy generated from the systems are investigated and analyzed. Furthermore, the economic evaluation of different solar rooftop system sizes using the monocrystalline module is investigated by using economic indicators of discounted payback period (DPP), net present value (NPV), internal rate of return (IRR), and profitability index (PI). Results show that the central region of Thailand is a suitable place for installing solar rooftop in terms of solar radiation, and the temperature has more solar power generation capacity than the other regions. The monocrystalline and polycrystalline solar panels can generate maximum power close to each other. All solar rooftop sizes with the Feed-in Tariff (FiT) scheme give the same DPP of 6.1 years, IRR of 15%, and PI of 2.57 which are better than the cases without the FiT scheme. However, a large-scale installation of solar rooftop systems can receive more electrical energy produced from the solar rooftop systems. As a result, the larger solar rooftop system sizes can achieve better economic satisfaction.

Suggested Citation

  • Suntiti Yoomak & Theerasak Patcharoen & Atthapol Ngaopitakkul, 2019. "Performance and Economic Evaluation of Solar Rooftop Systems in Different Regions of Thailand," Sustainability, MDPI, vol. 11(23), pages 1-20, November.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:23:p:6647-:d:290485
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    5. Codina, Eloi & Domenech, Bruno & Juanpera, Marc & Palomo-Avellaneda, Leopold & Pastor, Rafael, 2023. "Is switching to solar energy a feasible investment? A techno-economic analysis of domestic consumers in Spain," Energy Policy, Elsevier, vol. 183(C).
    6. Eleonora Riva Sanseverino & Hang Le Thi Thuy & Manh-Hai Pham & Maria Luisa Di Silvestre & Ninh Nguyen Quang & Salvatore Favuzza, 2020. "Review of Potential and Actual Penetration of Solar Power in Vietnam," Energies, MDPI, vol. 13(10), pages 1-25, May.
    7. Tung Nguyen Thanh & Phap Vu Minh & Kien Duong Trung & Tuan Do Anh, 2021. "Study on Performance of Rooftop Solar Power Generation Combined with Battery Storage at Office Building in Northeast Region, Vietnam," Sustainability, MDPI, vol. 13(19), pages 1-15, October.
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