A financial evaluation of a multiple inclination, rooftop-mounted, photovoltaic system where structured tariffs apply : a case study of a South African shopping centre
dc.contributor.author | Van Vuuren, Dirk Johan | |
dc.contributor.author | Marnewick, Annlize L. | |
dc.contributor.author | Pretorius, Jan Harm C. | |
dc.date.accessioned | 2022-02-18T06:08:15Z | |
dc.date.available | 2022-02-18T06:08:15Z | |
dc.date.issued | 2021-03-17 | |
dc.description.abstract | Fundamental mathematical principles were applied to calculate the return on investment (ROI) of a multiple inclination, rooftop-mounted, photovoltaic (PV) system that is connected to a structured tariff network. Recent history has seen a disproportionate increase in electricity tariffs within South Africa, enabling an increase in the deployment rates of PV technologies. Given the inherent uncertainty associated with simulating the electricity yield of a PV system, it can become difficult to estimate the ROI in advance. This study contributes to existing knowledge by presenting a process for calculating the ROI of a case study rooftop-mounted PV system using mathematical first principles where structured tariffs apply. The PV modules were mounted to a curved roof structure, ranging from 9 towards a southerly direction to 10 towards a northerly direction. The research results indicate that since the PV system is located within the southern hemisphere, the ROI will increase when PV modules are orientated towards the northerly direction to attain a maximum of R0.0059/Wp/Day at 10 , and a minimum of R0.0025/Wp/Day at 9 towards the southerly direction in the winter season. Summer maximum ROI yielded an average of between R0.0050/Wp/Day and R0.0052/Wp/Day, irrespective of the angle of inclination of the PV modules. It was concluded that PV systems must be designed to favour winter electricity production for increased ROI where structured tariffs apply within a South African context. | en_ZA |
dc.description.department | Mechanical and Aeronautical Engineering | en_ZA |
dc.description.librarian | am2022 | en_ZA |
dc.description.uri | https://www.mdpi.com/journal/energies | en_ZA |
dc.identifier.citation | van Vuuren, D.J.; Marnewick, A.L.; Pretorius, J.H.C. A Financial Evaluation of a Multiple Inclination, Rooftop-Mounted, Photovoltaic System Where Structured Tariffs Apply: A Case Study of a South African Shopping Centre. Energies 2021, 14, 1666. https://DOI.org/10.3390/en14061666. | en_ZA |
dc.identifier.issn | 1996-1073 (online) | |
dc.identifier.other | 10.3390/en14061666 | |
dc.identifier.uri | http://hdl.handle.net/2263/84046 | |
dc.language.iso | en | en_ZA |
dc.publisher | MDPI | en_ZA |
dc.rights | © 2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license. | en_ZA |
dc.subject | Angle of inclination | en_ZA |
dc.subject | Structured tariffs | en_ZA |
dc.subject | Photovoltaic (PV) | en_ZA |
dc.subject | Return on investment (ROI) | en_ZA |
dc.subject | South Africa (SA) | en_ZA |
dc.subject.other | Engineering, built environment and information technology articles SDG-04 | |
dc.subject.other | SDG-04: Quality education | |
dc.subject.other | Engineering, built environment and information technology articles SDG-07 | |
dc.subject.other | SDG-07: Affordable and clean energy | |
dc.subject.other | Engineering, built environment and information technology articles SDG-08 | |
dc.subject.other | SDG-08: Decent work and economic growth | |
dc.subject.other | Engineering, built environment and information technology articles SDG-09 | |
dc.subject.other | SDG-09: Industry, innovation and infrastructure | |
dc.subject.other | Engineering, built environment and information technology articles SDG-13 | |
dc.subject.other | SDG-13: Climate action | |
dc.title | A financial evaluation of a multiple inclination, rooftop-mounted, photovoltaic system where structured tariffs apply : a case study of a South African shopping centre | en_ZA |
dc.type | Article | en_ZA |