Cost-Effectiveness Analysis of Single-Phase Photovoltaic Containerized Containers

Can life cycle cost analysis be used in photovoltaic systems?

Solar energy, especially through photovoltaic systems, is a widespread and eco-friendly renewable source. Integrating life cycle cost analysis (LCCA) optimizes economic, environmental, and performance aspects for a sustainable approach. Despite growing interest, literature lacks a comprehensive review on LCCA implementation in photovoltaic systems.

What is a solar photovoltaic system?

Solar photovoltaic (PV) systems convert solar energy into electrical energy using semiconductor materials that exhibit the photovoltaic effect. PV systems are a sustainable energy solution, contributing to reducing life cycle costs and environmental impacts in service life planning of buildings and assets (STANDARD-BS 2017).

Why is levelized cost of energy important in PV power plants?

In addition, the levelized cost of energy (LCOE) is crucial in PV power plants because it provides a comprehensive measure of the average cost of electricity generation over the plant’s lifetime, including initial investment, operation, maintenance, and decommissioning costs.

Do solar systems need a life cycle cost analysis model?

However, while the upfront costs of solar installations have significantly decreased over the years, there remains a critical need for a comprehensive and adaptable life cycle cost analysis (LCCA) model tailored specifically to solar system projects (Rethnam et al. 2019).