PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis
The application of renewable energy sources is a current trend today due to the limited sources of fossil. A substantial part of these energy sources is solar radiation. The development of electricity prices was significantly affected by two global crises, the COVID-19 pandemic and the energy crisis...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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EDP Sciences
2023-01-01
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| Series: | MATEC Web of Conferences |
| Online Access: | https://www.matec-conferences.org/articles/matecconf/pdf/2023/12/matecconf_ys2023_01011.pdf |
| _version_ | 1797634800441360384 |
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| author | Brandtner Michal Sotolar Vaclav Bohacek Adam Venkrbec Vaclav |
| author_facet | Brandtner Michal Sotolar Vaclav Bohacek Adam Venkrbec Vaclav |
| author_sort | Brandtner Michal |
| collection | DOAJ |
| description | The application of renewable energy sources is a current trend today due to the limited sources of fossil. A substantial part of these energy sources is solar radiation. The development of electricity prices was significantly affected by two global crises, the COVID-19 pandemic and the energy crisis associated with the Russia-Ukraine conflict. The essence of the article is to compare the economic sense and appropriateness of investing in a photovoltaic power plant system and its return over time, considering the prediction of the development of electricity prices between 2020 and 2023 and subsequently also with a 15-year price prediction. The article deals with investment, energy consumption and financial evaluation of a PV system with PV panels installed on the ventilated façade of a residential building in the Czech Republic. The conclusions of the article show that the increase in investment in the PV panels themselves between 2020 and 2023 is a crucial factor for the return of the entire system. Predictive models of the development of electricity prices and associated liquidity of the investment also play a significant role in this issue. |
| first_indexed | 2024-03-11T12:12:38Z |
| format | Article |
| id | doaj.art-5465973e058342b98e9308510f7590fb |
| institution | Directory Open Access Journal |
| issn | 2261-236X |
| language | English |
| last_indexed | 2024-03-11T12:12:38Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | MATEC Web of Conferences |
| spelling | doaj.art-5465973e058342b98e9308510f7590fb2023-11-07T10:33:32ZengEDP SciencesMATEC Web of Conferences2261-236X2023-01-013850101110.1051/matecconf/202338501011matecconf_ys2023_01011PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisisBrandtner Michal0Sotolar Vaclav1Bohacek Adam2Venkrbec Vaclav3Brno University of Technology, Faculty of Civil EngineeringBrno University of Technology, Faculty of Civil EngineeringBrno University of Technology, Faculty of Civil EngineeringBrno University of Technology, Faculty of Civil EngineeringThe application of renewable energy sources is a current trend today due to the limited sources of fossil. A substantial part of these energy sources is solar radiation. The development of electricity prices was significantly affected by two global crises, the COVID-19 pandemic and the energy crisis associated with the Russia-Ukraine conflict. The essence of the article is to compare the economic sense and appropriateness of investing in a photovoltaic power plant system and its return over time, considering the prediction of the development of electricity prices between 2020 and 2023 and subsequently also with a 15-year price prediction. The article deals with investment, energy consumption and financial evaluation of a PV system with PV panels installed on the ventilated façade of a residential building in the Czech Republic. The conclusions of the article show that the increase in investment in the PV panels themselves between 2020 and 2023 is a crucial factor for the return of the entire system. Predictive models of the development of electricity prices and associated liquidity of the investment also play a significant role in this issue.https://www.matec-conferences.org/articles/matecconf/pdf/2023/12/matecconf_ys2023_01011.pdf |
| spellingShingle | Brandtner Michal Sotolar Vaclav Bohacek Adam Venkrbec Vaclav PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis MATEC Web of Conferences |
| title | PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis |
| title_full | PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis |
| title_fullStr | PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis |
| title_full_unstemmed | PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis |
| title_short | PV panels as a renewable energy source for residential building – An economical comparison before and during the energy crisis |
| title_sort | pv panels as a renewable energy source for residential building an economical comparison before and during the energy crisis |
| url | https://www.matec-conferences.org/articles/matecconf/pdf/2023/12/matecconf_ys2023_01011.pdf |
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