Cost-effectiveness analysis of long-term IP66 solar cell cabinets in El Salvador

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View/Download Cost-effectiveness analysis of long-term IP66 solar cell cabinets in El Salvador [PDF]

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4 FAQs about Cost-effectiveness analysis of long-term IP66 solar cell cabinets in El Salvador

Does LCOE measure cost-effectiveness of solar PV systems?

The LCOE for System- 3 was found to be 0.033 $/kWh, indicating its cost-effectiveness in electricity generation compared to other integrated systems (Yang et al. 2019). Table 13 shows the economic analysis of solar PV systems through LCCA highlights the importance of using LCOE to measure long-term cost-effectiveness.

How important is LCCA in global photovoltaic system evaluation?

This review explores LCCA’s significance in global photovoltaic system evaluation, encompassing performance, energy optimization, environmental impacts, and economic dimensions. Key findings show that LCCA is essential for improving economic viability and environmental sustainability.

Can LCCA models be used for sustainable deployment of photovoltaic systems?

By addressing these areas, future studies can build on the findings of this review, ultimately improving the accuracy and practicality of LCCA models for the sustainable deployment of photovoltaic systems. The literature review identifies certain gaps that warrant attention in future research endeavors.

Does LCCA reduce LCC in a geothermal-PV hybrid system?

For example, Liu et al. (2023) demonstrate that applying LCCA in a geothermal-PV hybrid system reduces the LCC by 9.57%, with a significant 32.3% drop in LCOE compared to a higher LCCA when not optimized.