Renewable energy, particularly solar energy, offers a clean and alternative energy source to meet the energy demand for sustainable development in the world. Due to its profitability and viability, PV net-metering sch...Renewable energy, particularly solar energy, offers a clean and alternative energy source to meet the energy demand for sustainable development in the world. Due to its profitability and viability, PV net-metering scheme has been adopted in many countries. The feasibility of implementation PV rooftop system with net metering in residential, commercial, governmental and industrial sectors in Iraq is demonstrated in this study. A financial model has been developed to investigate the feasibility parameters <i>NPV</i>, <i>IRR</i> and annual savings of 24 kWp PV system. The results showed that increasing the capacity of the PV system in residential and commercial buildings will lead to a profitable investment return and the breakeven point that may make the PV net-metering projects feasible is very close to the tariff applied for the commercial sector (10.29 $c/kWh). In the governmental sector, the tariff needs to </span><span style="font-family:Verdana;">increase by 35.1% to reach breakeven. However, for such net-metering scheme</span><span style="font-family:Verdana;"> to be attractive and feasible on a wide scale, it is crucial to back it with financial support through soft loans and grants.展开更多
文摘Renewable energy, particularly solar energy, offers a clean and alternative energy source to meet the energy demand for sustainable development in the world. Due to its profitability and viability, PV net-metering scheme has been adopted in many countries. The feasibility of implementation PV rooftop system with net metering in residential, commercial, governmental and industrial sectors in Iraq is demonstrated in this study. A financial model has been developed to investigate the feasibility parameters <i>NPV</i>, <i>IRR</i> and annual savings of 24 kWp PV system. The results showed that increasing the capacity of the PV system in residential and commercial buildings will lead to a profitable investment return and the breakeven point that may make the PV net-metering projects feasible is very close to the tariff applied for the commercial sector (10.29 $c/kWh). In the governmental sector, the tariff needs to </span><span style="font-family:Verdana;">increase by 35.1% to reach breakeven. However, for such net-metering scheme</span><span style="font-family:Verdana;"> to be attractive and feasible on a wide scale, it is crucial to back it with financial support through soft loans and grants.
