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Adoption of Solar Grid-Tied PV-System Adopted in a Residential Building

Author(s):

Medium: journal article
Language(s): English
Published in: Australasian Journal of Construction Economics and Building - Conference Series, , n. 2, v. 2
Page(s): 80
DOI: 10.5130/ajceb-cs.v2i2.3894
Abstract:

Emerging construction technologies focussing on the role and development of energy-conserving equipment can play a major role in solving a wide range of environmental and nature resource problems such as the greenhouse gas. Alternative energy is becoming a popular for property developers because of its potential of becoming more economically viable option when compared to current energy source-electricity. The objective of this research report is to conduct a cost-benefit analysis of adopting a solar energy technology specifically the solar grid-tied system by comparing the cost of initial investment and usage in a typical three bedroom residential building a conventional electricity power supply. Using a case study research approach, the research findings showed that the PV system is more cost-effective in the long term compared to the conversional electricity supply. Although the pre-investment is relatively high in the PV system, it is a reliable investment in the long-term. It is important to emphasise that the use energy efficient appliances, lighting, insulation and double glassing has enhanced the effectiveness of the system. Keywords: Photovoltaic system (PV); Solar energy; Cost-effectiveness

Structurae cannot make the full text of this publication available at this time. The full text can be accessed through the publisher via the DOI: 10.5130/ajceb-cs.v2i2.3894.
  • About this
    data sheet
  • Reference-ID
    10334886
  • Published on:
    02/08/2019
  • Last updated on:
    02/08/2019
 
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