TY - JOUR
T1 - Techno-economic analysis of PV systems with manually adjustable tilt mechanisms
AU - Gönül, Ömer
AU - Duman, A. Can
AU - Barutçu, Burak
AU - Güler, Önder
N1 - Publisher Copyright:
© 2022 Karabuk University
PY - 2022/11
Y1 - 2022/11
N2 - Solar radiation falling on photovoltaic (PV) panel surface can be maximized via solar tracking systems, however, in return for infeasible investments. On the other hand, manual and periodic tilt adjustment of PVs can increase energy yield significantly and cost-effectively. Therefore, this study presents a techno-economic analysis of 1 MW PV power plants with manually adjustable tilt mechanisms. Firstly, the optimal tilt angles for fixed and periodically adjusted (monthly, seasonal, and semi-annual) PV systems in locations with different solar characteristics in Turkey are estimated, and then an economic analysis is performed, including a sensitivity analysis. The results show that, manual tilt adjustment provides a remarkable net present value (NPV) increase in Turkey between 12.4 and 14.9% compared to fixed-tilt. The discounted payback period (DPBP) ranges between 9.20 and 12.36 years and can be shortened by 8–10 months. The internal rate of return (IRR) of 5.4–8.6% can be increased by 0.7–0.9%.
AB - Solar radiation falling on photovoltaic (PV) panel surface can be maximized via solar tracking systems, however, in return for infeasible investments. On the other hand, manual and periodic tilt adjustment of PVs can increase energy yield significantly and cost-effectively. Therefore, this study presents a techno-economic analysis of 1 MW PV power plants with manually adjustable tilt mechanisms. Firstly, the optimal tilt angles for fixed and periodically adjusted (monthly, seasonal, and semi-annual) PV systems in locations with different solar characteristics in Turkey are estimated, and then an economic analysis is performed, including a sensitivity analysis. The results show that, manual tilt adjustment provides a remarkable net present value (NPV) increase in Turkey between 12.4 and 14.9% compared to fixed-tilt. The discounted payback period (DPBP) ranges between 9.20 and 12.36 years and can be shortened by 8–10 months. The internal rate of return (IRR) of 5.4–8.6% can be increased by 0.7–0.9%.
KW - Economic analysis
KW - Internal rate of return
KW - Optimal tilt angle
KW - Payback period
KW - Photovoltaic system
UR - http://www.scopus.com/inward/record.url?scp=85125251908&partnerID=8YFLogxK
U2 - 10.1016/j.jestch.2022.101116
DO - 10.1016/j.jestch.2022.101116
M3 - Article
AN - SCOPUS:85125251908
SN - 2215-0986
VL - 35
JO - Engineering Science and Technology, an International Journal
JF - Engineering Science and Technology, an International Journal
M1 - 101116
ER -
