Economic Analysis of Profitability of Using Energy Storage with Photovoltaic Installation in Conditions of Northeast Poland

Abstract

This work presents an economic analysis of the use of electricity storage in PV installations, based on previously adopted assumptions, i.e., the type and location of the tested facility and comparative variants, divided into the share of the storage in the installation, and the billing system. The work takes into account the share of the energy shield and assumes a consumption limit of 2000 kWh. The cost of building the installation is based on July 2023 prices. The work assumes potential directions of changes in electricity prices, based on which the degree of investment profitability for a given price situation is determined. Depending on the adopted change in the direction of electricity prices, with a low price increase rate, for installations in the new billing system (net-billing), the optimal choice is an installation without energy storage with a power exceeding the actual energy demand. Assuming a high increase in electricity prices, the optimal choice is an installation with energy storage with an installation capacity exceeding the actual demand. For installations billed using the net-metering system, the optimal choice is an installation without storage with an appropriately selected installation power. This article shows how much you can gain after installing a PV installation and not only what costs must be incurred to complete the investment. Profit analysis will enable a more complete assessment of the profitability of investing in PV panels (with or without energy storage). It describes the verification of the profitability of a PV installation for a standard user depending on various types of settlements with the electricity supplier and the lack or installation of an energy-storage facility.

Keywords

• PV installation
• energy storage
• profitability
• operating costs