Are residential solar photovoltaic systems a good investment in China?
Residential solar photovoltaic (PV) installations have boomed in China over recent years. However, knowledge about the economic performance of residential PV investments is still limited. Therefore, this study attempts to make a complete economic assessment of residential PV systems at the county-level.
Are residential PV systems phasing out quickly in China?
This paper evaluated the economic performance of residential PV systems at the county-level under the background where the subsidies for solar PV generation are phasing out quickly in China, using scenario analysis and sensitivity analysis. It is found that residential PV investments have broken even all over China, even without any incentives.
Does China have a rural residential photovoltaic system?
China’s rural residential photovoltaic system has been greatly developed in recent years. However, most existing researches, are difficult to reflect the real development situation of the whole system.
Are rooftop solar PV systems profitable?
The other by Hagerman et al. (2016) provided an economic assessment of rooftop solar PV systems across the U.S. by combining insolation data from more than 1000 locations, installation costs by region, and county-level utility rates. As solar insolation varies from county to county in China, so does the profitability of a residential PV system.
How much will PV electricity cost in China by 2015?
According to our analysis, if electricity prices of the provinces remain unchanged, the cost of PV electricity could be reduced to 0.52–1.22 RMB/kWh by 2015, which is comparable with the grid prices in regions with large PV capacity and high electricity prices, such as Guangdong, Beijing, and Shanghai.
Are residential PV investments acceptable in China in 2020?
Based on this, residential PV investments are acceptable in the areas with a population of 828 million in China in 2020 as shown in Table 5. The huge population with attractive or acceptable profitability is a strong base supporting the boom of residential PV installations in China in 2020.
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