LAPSE:2023.30640
Published Article
LAPSE:2023.30640
Residential Photovoltaic Profitability with Storage under the New Spanish Regulation: A Multi-Scenario Analysis
April 14, 2023
In recent years, solar price drops and regulations have helped residential users to invest in grid-connected photovoltaic (PV) facilities. In Spain, a novel law promotes self-consumption by discounting electricity fed into the grid from the utility bill. However, the performance of PV-based facilities depends on diverse factors. The contribution of this paper is to evaluate the techno-economic performance of such installations for different considerations linked to the Spanish law. A simulation model is used to examine different representative cities, load profiles and alternative objectives: maximising profitability and self-sufficiency. For profit maximisation, results show that load profile variations entail PV size changes up to 5 kWp for the same location, together with huge economic and self-sufficiency differences. In contrast, the solar radiation and compensation rate have a more limited influence. For self-sufficiency maximisation, the economic performance drops close to EUR 0, as benefits are used to double the PV size, buy batteries and reach close to 70% self-sufficiency. Finally, a sensitivity analysis shows a limited impact of the utility tariff and the technology cost on the PV size, but a relevant influence on the benefits. These results can help investors and families to quantify the risks and benefits of domestic self-consumption facilities.
Keywords
battery storage, residential solar photovoltaic, self-consumption, self-sufficiency, Spain, Technoeconomic Analysis
Suggested Citation
Domenech B, Calleja G, Olivella J. Residential Photovoltaic Profitability with Storage under the New Spanish Regulation: A Multi-Scenario Analysis. (2023). LAPSE:2023.30640
Author Affiliations
Domenech B: Institute of Industrial and Control Engineering (IOC), Universitat Politècnica de Catalunya—BarcelonaTech (UPC), 08034 Barcelona, Spain [ORCID]
Calleja G: Institute of Industrial and Control Engineering (IOC), Universitat Politècnica de Catalunya—BarcelonaTech (UPC), 08034 Barcelona, Spain
Olivella J: Institute of Industrial and Control Engineering (IOC), Universitat Politècnica de Catalunya—BarcelonaTech (UPC), 08034 Barcelona, Spain [ORCID]
Journal Name
Energies
Volume
14
Issue
7
First Page
1987
Year
2021
Publication Date
2021-04-03
Published Version
ISSN
1996-1073
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Original Submission
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PII: en14071987, Publication Type: Journal Article
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LAPSE:2023.30640
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doi:10.3390/en14071987
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CC BY 4.0
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