What is the most expensive component in solar PV system?
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| Papers (10) | Insight |
|---|---|
| From an economic perspective, solar PV option was the cheapest energy source, despite higher initial investment. | |
128 Citations | On the other hand, for high irradiations solar thermal systems provide the best-cost solution even when considering higher cost reduction factors for PV in the next decade. |
191 Citations | Summary Thanks to fast learning and sustained growth, solar photovoltaics (PV) is today a highly cost-competitive technology, ready to contribute substantially to CO2 emissions mitigation. |
10 Citations | Concentrating solar radiation on Photovoltaic (PV) has the potential to replace the expensive PV material with cheaper optical elements which also enhance the overall electrical output. |
| From the results, the most important conclusion is that PV/T systems are cost effective and of better environmental impact compared with standard PV modules. | |
14 Citations | also indicated that solar PV systems can be more economical than grid electricity. |
13 Citations | The results show that the scenario with the conventional system and PV modules is the most profitable one currently. |
| The results show that current policies are important in reducing the cost of solar PV systems. | |
| The results obtained demonstrate that although some PV power plant configurations present better efficiency (higher performance ratio), they are not the most cost-effective solutions because of the requirement of extra equipment or the inclusion of expensive technologies. | |
| The results demonstrate that costs and financial returns of solar PV systems vary dramatically depending on the location where they are installed. |
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