The economics of photovoltaic stand-alone residential households: A case study for various European and Mediterranean locations

The cost-effective sizing and evaluation of residential stand-alone photovoltaic systems at various European and Mediterranean locations is the subject of this paper. The stand-alone photovoltaic system is serving the energy needs of a medium-sized household inhabited by a typical four member family. A typical energy consumption daily profile is assumed, and the solar array, battery and back-up generator – if necessary – are optimally sized to minimise the system life-cycle cost (LCC). The calculations have been done assuming economic parameters and PV technology costs applicable to years 1998 and 2005.