Six-years-long effects of the Italian policies for photovoltaics on the pay-back period of grid-connected PV systems installed in urban contexts

Energy

Volumn 122, Issue , 2017, Pages 458-470

  Orioli, Aldo ^a   Di Gangi, Alessandra ^a  

^a UNIVERSITY OF PALERMO   (Italy)

Author keywords

Economic analysis; Energy analysis; Feed in tariff; Pay back period; Photovoltaic; Tax credit

Indexed keywords

DEGRADATION; INVESTMENTS; PHOTOVOLTAIC CELLS; PHOTOVOLTAIC EFFECTS; SILICON COMPOUNDS; TAXATION;

ENERGY ANALYSIS; FEED-IN TARIFF; PAY-BACK PERIOD; PHOTOVOLTAIC; TAX CREDITS;

ECONOMIC ANALYSIS;

COST-BENEFIT ANALYSIS; ELECTRICITY; ENERGY BUDGET; ENERGY CONSERVATION; ENERGY POLICY; EQUIPMENT; GOVERNMENT; INSTALLATION; PHOTOVOLTAIC SYSTEM; POLICY ANALYSIS; PROFITABILITY; TAX REFORM; TAX SYSTEM; URBAN AREA;

ITALY;

EID: 85011079196     PISSN: 03605442     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.energy.2017.01.110     Document Type: Article

References (66)

1. [1] Directive 2001/77/EC of the European Parliament and of the Council on the promotion of electricity produced from renewable energy sources in the internal electricity market. 27 September 2001.
2. [2] Directive 2009/28/EC of the European Parliament and of the Council of 23 April 2009 on the promotion of the use of energy from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC.
3. [3] Decreto Legge 83del 22.6.2012 - Misure urgenti per la crescita del Paese”, con l'art.11 “Detrazioni per interventi di ristrutturazione e di efficientamento energetico.
4. [4] Decreto Legge 63del 4.6.2013 - Disposizioni urgenti per il recepimento della Direttiva 2010/31/UE del Parlamento europeo e del Consiglio del 19 maggio 2010, sulla prestazione energetica nell'edilizia per la definizione delle procedure d'infrazione avviate dalla Commissione europea, nonchè altre disposizioni in materia di coesione sociale.
5. [5] Legge 147 del 27.12.2013 - Disposizioni per la formazione del bilancio annuale e pluriennale dello Stato (Legge di stabilità 2014).
6. [6] Orioli, A., Di Gangi, A., The recent change in the Italian policies for photovoltaics: effects on the payback period and levelized cost of electricity of grid-connected PV systems installed in urban contexts. Energy 93 (2015), 1989–2005.
7. [7] Short, W., Packey, D.J., Holt, T., A manual for the economic evaluation of energy efficiency and renewable energy technologies. 1995, National Renewable Energy Laboratory, Golden. Colorado. US.
8. [8] Lefley, F., The payback method of investment appraisal: a review and synthesis. Int J Prod Econ 44 (1996), 207–224.
9. [9] Wambach, A., Payback criterion, hurdle rates and the gain of waiting. Int Rev Financ Anal 9 (2000), 247–258.
10. [10] Poullikkas, A., Parametric cost-benefit analysis for the installation of photovoltaic parks in the island of Cyprus. Energy Policy 37 (2009), 3673–3680.
11. [11] Papadopoulos, A.M., Karteris, M.M., An assessment of the Greek incentives scheme for photovoltaics. Energy Policy 37 (2009), 1945–1952.
12. [12] Campoccia, A., Dusonchet, L., Telaretti, E., Zizzo, G., Comparative analysis of different supporting measures for the production of electrical energy by solar PV and Wind systems: four representative European cases. Sol Energy 83 (2009), 287–297.
13. [13] Dusonchet, L., Telaretti, E., Economic analysis of different supporting policies for the production of electrical energy by solar photovoltaics in western European Union countries. Energy Policy 38 (2010), 3297–3308.
14. [14] Dusonchet, L., Telaretti, E., Economic analysis of different supporting policies for the production of electrical energy by solar photovoltaics in eastern European Union countries. Energy Policy 38 (2010), 4011–4020.
15. [15] Yamamoto, Y., Pricing electricity from residential photovoltaic systems: a comparison of feed-in tariffs, net metering, and net purchase and sale. Sol Energy 86 (2012), 2678–2685.
16. [16] Colmenar-Santos, A., Campíñez-Romero, S., Pérez-Molina, C., Castro-Gil, M., Profitability analysis of grid-connected photovoltaic facilities for household electricity self-sufficiency. Energy Policy 51 (2012), 749–764.
17. [17] Oh, S., Lee, Y., Yoo, Y., Kim, J., Kim, S., Song, S.J., et al. A support strategy for the promotion of photovoltaic uses for residential houses in Korea. Energy Policy 53 (2013), 248–256.
18. [18] Paudel, A.M., Sarper, H., Economic analysis of a grid-connected commercial photovoltaic system at Colorado State University-Pueblo. Energy 52 (2013), 289–296.
19. [19] Campoccia, A., Dusonchet, L., Telaretti, E., Zizzo, G., An analysis of feed'in tariffs for solar PV in six representative countries of the European Union. Sol Energy 107 (2014), 530–542.
20. [20] Muhammad-Sukki, F., Abu-Bakar, S.H., Munir, A.B., Yasin, S.H.M., Ramirez-Iniguez, R., McMeekin, S.G., et al. Feed-in tariff for solar photovoltaic: the rise of Japan. Renew Energy 68 (2014), 636–643.
21. [21] Talavera, D.L., de la Casa, J., Muñoz-Cerón, E., Almonacid, G., Grid parity and self-consumption with photovoltaic systems under the present regulatory framework in Spain: the case of the University of Jaén Campus. Renewable and sustainable energy reviews, vol. 33, 2014, 752–771.
22. [22] Massi Pavan, A., Chiandone, M., Lughi, V., Sulligoi, G., Despite the attainment of grid parity, the Italian PV market does not take off. An analysis. 3rd renewable power generation conference (RPG 2014), Naples, Italy, 24–25, September 2014.
23. [23] Massi Pavan, A., Campaner, R., Chiandone, M., Lughi, V., Sulligoi, G., Evolution of the main economic parameters for photovoltaic plants installed in Italy. 2014 AEIT annual conference from research to industry: the need for a more effective technology transfer (AEIT 2014). Trieste, Italy,18–19, September 2014.
24. [24] Roy, B., Basu, A.K., Paul, S., Techno-economic feasibility analysis of a grid connected solar photovoltaic power system for a residential load. First international conference on automation, control, energy and systems (ACES 2014). Hooghly, West Bengal, India, 1–2, February 2014.
25. [25] Stridh, B., Yard, S., Larsson, D., Karlsson, B., Profitability of PV electricity in Sweden. IEEE 40th photovoltaic specialists conference (PVSC). Denver, Colorado, USA, 8313, June 2014.
26. [26] Di Dio, V., Favuzza, S., La Cascia, D., Massaro, F., Zizzo, G., Critical assessment of support for the evolution of photovoltaics and feed-in tariff(s) in Italy. Sustain Energy Technol Assess 9 (2015), 95–104.
27. [27] Nicholls, A., Sharma, R., Saha, T.K., Financial and environmental analysis of rooftop photovoltaic installations with battery storage in Australia. Appl Energy 159 (2015), 252–264.
28. [28] Chou, S., Tuyet, N.T.A., Yu, T.H., Phuc, P.N.K., Financial assessment of government subsidy policy on photovoltaic systems for industrial users: a case study in Taiwan. Energy Policy 87 (2015), 505–516.
29. [29] Farhoodnea, M., Mohamed, A., Khatib, T., Elmenreich, W., Performance evaluation and characterization of a 3-kWp grid-connected photovoltaic system based on tropical field experimental results: new results and comparative study. Renew Sustain Energy Rev 42 (2015), 1047–1054.
30. [30] Grande, G., Islas, J., Rios, M., Technical and economic analysis of Domestic High Consumption Tariff niche market for photovoltaic systems in the Mexican household sector. Renew Sustain Energy Rev 48 (2015), 738–748.
31. [31] Ghosh, S., Nair, A., Krishnan, S.S., Techno-economic review of rooftop photovoltaic systems: case studies of industrial, residential and off-grid rooftops in Bangalore, Karnataka. Renew Sustain Energy Rev 42 (2015), 1132–1142.
32. [32] Burtt, D., Dargusch, P., The cost-effectiveness of household photovoltaic systems in reducing greenhouse gas emissions in Australia: linking subsidies with emission reductions. Appl Energy 148 (2015), 439–448.
33. [33] Chaianong, A., Pharino, C., Outlook and challenges for promoting solar photovoltaic rooftops in Thailand. Renew Sustain Energy Rev 48 (2015), 356–372.
34. [34] Calazans, A., Kelly, M., Chaudhry, G., Siddiki, M.K., Economic analysis of a photovoltaic system connected to the grid in Recife, Brazil. 42nd IEEE photovoltaic specialists conference (PVSC). New Orleans, Louisiana, USA, 14–19, June 2015.
35. [35] Ogunnubi, O.A., Overby, T.J., An economic valuation of solar energy potential in Nigeria. 2015 IEEE power and energy conference. Champaign, Illinois, USA, 20–21, February 2015.
36. [36] De Boeck, L., Van Asch, S., De Bruecker, P., Audenaert, A., Comparison of support policies for residential photovoltaic systems in the major EU markets through investment profitability. Renew Energy 87 (2016), 42–53.
37. [37] Bianchini, A., Gambuti, M., Pellegrini, M., Saccani, C., Performance analysis and economic assessment of different photovoltaic technologies based on experimental measurements. Renew Energy 85 (2016), 1–11.
38. [38] Tao, J.Y., Finenko, A., Moving beyond LCOE: impact of various financing methods on PV profitability for SIDS. Energy Policy 98 (2016), 749–758.
39. [39] Orioli, A., Di Gangi, A., Five-years-long effects of the Italian policies for photovoltaics on the energy demand coverage of grid-connected PV systems installed in urban contexts. Energy 113 (2016), 444–460.
40. [40] Decreto Ministeriale 28 luglio 2005 - Criteri per l'incentivazione della produzione di energia elettrica mediante conversione fotovoltaica della fonte solare.
41. [41] Decreto Ministeriale 6 febbraio 2006 - Criteri per l'incentivazione della produzione di energia elettrica mediante conversione fotovoltaica della fonte solare - Dlgs 387/2003 - Modifica DM 28 luglio 2005.
42. [42] Decreto Ministeriale 19 febbraio 2007 - Criteri e modalità per incentivare la produzione di energia elettrica mediante conversione fotovoltaica della fonte solare, in attuazione dell'articolo 7 del decreto legislativo 29 dicembre 2003, n. 387.
43. [43] AEEG – Autorità per l'Energia Elettrica, il Gas e il sistema idrico. Delibera ARG/elt 74/08. Testo integrato delle modalità e delle condizioni tecnico-economiche per lo scambio sul posto (TISP). http://www.autorita.energia.it/it/docs/08/074-08arg.htm.
44. [44] Decreto Ministeriale 6 agosto 2010 - Incentivazione della produzione di energia elettrica mediante conversione fotovoltaica della fonte solare.
45. [45] Decreto Ministeriale 5 maggio 2011 - Incentivazione della produzione di energia elettrica da impianti solari fotovoltaici.
46. [46] Decreto Ministeriale 5 luglio 2012 - Attuazione dell'art. 25 del decreto legislativo 3 marzo 2011, n. 28, recante incentivazione della produzione di energia elettrica da impianti solari fotovoltaici (c.d. Quinto Conto Energia).
47. [47] AEEG – Autorità per l'Energia Elettrica, il Gas e il sistema idrico. http://www.autorita.energia.it/it/dati/condec.htm.
48. [48] Legge 190 del 23.12.2014 - Disposizioni per la formazione del bilancio annuale e pluriennale dello Stato (Legge di stabilità 2015).
49. [49] Legge 208 del 28.12.2015 - Disposizioni per la formazione del bilancio annuale e pluriennale dello Stato (Legge di stabilità 2016).
50. [50] Cellura, M., Di Gangi, A., Longo, S., Orioli, A., Photovoltaic electricity scenario analysis in urban context: an Italian case study. Renew Sustain Energy Rev 16 (2012), 2041–2052.
51. [51] PVsyst, Software for photovoltaic systems. 2010 D7, route de Drize CH-1227 Carouge Switzerland: University of Geneva ISE e Group Energy, FOREL Battelle, bât.
52. [52] Dati Statistici sull'energia elettrica in Italia. Terna S.p.A. http://www.terna.it/default/ Home/SISTEMA_ELETTRICO/statistiche/dati_statistici.aspx.
53. [53] Dati statistici ISTAT: Popolazione residente - Censimento 2011 - Superficie delle abitazioni occupate da persone residenti. ISTAT. Italian National Institute of Statistics. http://dati-censimentopopolazione.istat.it/.
54. [54] Orioli, A., Di Gangi, A., Effects of the Italian financial crisis on the photovoltaic dissemination in a southern city. Energy 62 (2013), 173–184.
55. [55] Orioli, A., Di Gangi, A., Review of the energy and economic parameters involved in the effectiveness of grid-connected PV systems installed in multi-storey buildings. Appl Energy 113 (2014), 955–969.
56. [56] Banca d'Italia. https://www.bancaditalia.it/compiti/operazioni-mef/rendistato-rendiob/.
57. [57] Istat - Italian National Institute of Statistics. http://www.istat.it/it/archivio/30440.
58. [58] Osterwald, C.R., Anderberg, A., Rummel, S., Ottoson, L., Degradation analysis of weathered crystalline-silicon. 29th IEEE PV specialists conference, New Orleans, Louisiana, May 20–24, 2002, NREL National Renewable Energy Laboratory.
59. [59] Jordan, D.C., Smith, R.M., Osterwald, C.R., Gelak, E., Kurtz, S.R., Outdoor PV degradation comparison. 35th IEEE photovoltaic specialists conference (PVSC ’10), Honolulu, Hawaii, June 20–25, 2010, NREL National Renewable Energy Laboratory.
60. [60] Jordan, D.C., Kurtz, S.R., Photovoltaic degradation rates - an analytical review. Prog Photovolt Res Appl 21 (2013), 12–29.
61. [61] SunPower Corporation, The drivers of the levelized cost of electricity for utility-scale photovoltaics. 2008, 1–27.
62. [62] Celik, A.N., Present status of photovoltaic energy in Turkey and life cycle techno-economic analysis of a grid-connected photovoltaic-house. Renew Sustain Energy Rev 10 (2006), 370–387.
63. [63] Price, S., Margolis, R., 2008 Solar technologies market report. Energy Effic Renew Energy, U. S Dep Energy, 2010, 1–131.
64. [64] Heacox, E., Inverter cost analysis, solar industry. 2010, 28–31.
65. [65] Branker, K., Pathak, M.J.M., Pearce, J.M., A review of solar photovoltaic levelized cost of electricity. Renew Sustain Energy Rev 15 (2011), 4470–4482.
66. [66] Comuni Italiani. http://www.comuni-italiani.it/082/053/statistiche/redditi.html http://www.comuni-italiani.it/058/statistiche/redditic.html http://www.comuni-italiani.it/015/statistiche/redditic.html.