Cost-effectiveness analysis of a 40kWh photovoltaic containerized photovoltaic system at a discount

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 the capital cost of a PV system?

The capital cost of a PV system is composed of the PV module cost and the Balance of system (BOS) cost. The PV module is the interconnected array of PV cells and its cost is determined by raw material costs, notably silicon prices, cell processing/manufacturing and module assembly costs.

Is there a correlation between PV costs and installed capacity?

Assuming that the market share of PV systems ramps up from 0 to 30 %, that is, a proportional increase in PV installation, the unit investment cost of PV can be decrease by around 70 % . Therefore, the issue of the correlation between the downward trend of PV costs and installed capacity must be taken seriously.

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).