Economic Analysis of the Photovoltaic Installation Use Possibilities in Farms Analiza Ekonomiczna Mozliwości Zastosowania Instalacji Fotowoltaicznej W Gospodarstwach Rolnych

Kwaśniewski D., Akdeniz C., DURMAZ F., Kömekçi F.

Agricultural Engineering, vol.24, no.4, pp.47-60, 2020 (Scopus) identifier

  • Publication Type: Article / Article
  • Volume: 24 Issue: 4
  • Publication Date: 2020
  • Doi Number: 10.1515/agriceng-2020-0035
  • Journal Name: Agricultural Engineering
  • Journal Indexes: Scopus
  • Page Numbers: pp.47-60
  • Keywords: payback period, photovoltaic installation, PV calculator, subsidy
  • Manisa Celal Bayar University Affiliated: Yes

Abstract

The aim of the study was to conduct an economic analysis of the possibilities of using photovoltaic (PV) installations in selected farms. Two selected online PV calculators were used for the analysis. The research included 15 farms located in the Małopolskie Province. For a PV installation estimated using Calculator 1, Hewalex, the payback period ranged from 5.5 to 7 years for the 40% subsidy option and from 9 to 11 years without the subsidy, respectively. On the other hand, the payback period estimated with the use of the SmartekDom calculator ranged from 6 to 8 years for the option with 40% subsidy. However, without the subsidy, the period ranged from 7 to even 13 years.