Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia

Muhammad Hayat, Farhad Shahnia, Ali Arefi, Herbert Iu, Tyrone Fernando

    Research output: Chapter in Book/Conference paperConference paper

    3 Citations (Scopus)

    Abstract

    Installation of a solar system by a household is a big decision, and there are many factors which need to be considered before this decision. It can be highly rewarding in some cases and for others, it may bring a loss in the investment. The main factors which need to be considered are the electricity consumption tariff, electricity consumption pattern, the location of the household and the tariffs offered by the utility in that area. In this paper, economic incentives of installing a rooftop solar panel and battery system are discussed for a household in different states served by various utilities. A comparison is made to find which states are more suitable in terms of gaining financial benefits from rooftop solar panels.

    Original languageEnglish
    Title of host publication3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017
    Place of PublicationUSA
    PublisherIEEE, Institute of Electrical and Electronics Engineers
    Pages113-117
    Number of pages5
    Volume2018-January
    ISBN (Electronic)9781509053537
    DOIs
    Publication statusPublished - 8 Jan 2018
    Event3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017 - Johor Bahru, Malaysia
    Duration: 4 Apr 20176 Apr 2017
    https://ieeemy.org/mysection/events/pgsret-2017-3rd-international-conference-on-power-generation-systems-and-renewable-energy-technologies/

    Conference

    Conference3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017
    CountryMalaysia
    CityJohor Bahru
    Period4/04/176/04/17
    Internet address

    Fingerprint

    Electricity
    Economics
    Solar system

    Cite this

    Hayat, M., Shahnia, F., Arefi, A., Iu, H., & Fernando, T. (2018). Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia. In 3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017 (Vol. 2018-January, pp. 113-117). USA: IEEE, Institute of Electrical and Electronics Engineers. https://doi.org/10.1109/PGSRET.2017.8251811
    Hayat, Muhammad ; Shahnia, Farhad ; Arefi, Ali ; Iu, Herbert ; Fernando, Tyrone. / Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia. 3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017. Vol. 2018-January USA : IEEE, Institute of Electrical and Electronics Engineers, 2018. pp. 113-117
    @inproceedings{095db74992b54277a6d6f4faba1ab58c,
    title = "Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia",
    abstract = "Installation of a solar system by a household is a big decision, and there are many factors which need to be considered before this decision. It can be highly rewarding in some cases and for others, it may bring a loss in the investment. The main factors which need to be considered are the electricity consumption tariff, electricity consumption pattern, the location of the household and the tariffs offered by the utility in that area. In this paper, economic incentives of installing a rooftop solar panel and battery system are discussed for a household in different states served by various utilities. A comparison is made to find which states are more suitable in terms of gaining financial benefits from rooftop solar panels.",
    keywords = "Annual electricity bills, Annual savings, Payback period, Rooftop solar panels",
    author = "Muhammad Hayat and Farhad Shahnia and Ali Arefi and Herbert Iu and Tyrone Fernando",
    year = "2018",
    month = "1",
    day = "8",
    doi = "10.1109/PGSRET.2017.8251811",
    language = "English",
    volume = "2018-January",
    pages = "113--117",
    booktitle = "3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017",
    publisher = "IEEE, Institute of Electrical and Electronics Engineers",
    address = "United States",

    }

    Hayat, M, Shahnia, F, Arefi, A, Iu, H & Fernando, T 2018, Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia. in 3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017. vol. 2018-January, IEEE, Institute of Electrical and Electronics Engineers, USA, pp. 113-117, 3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017, Johor Bahru, Malaysia, 4/04/17. https://doi.org/10.1109/PGSRET.2017.8251811

    Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia. / Hayat, Muhammad; Shahnia, Farhad; Arefi, Ali; Iu, Herbert; Fernando, Tyrone.

    3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017. Vol. 2018-January USA : IEEE, Institute of Electrical and Electronics Engineers, 2018. p. 113-117.

    Research output: Chapter in Book/Conference paperConference paper

    TY - GEN

    T1 - Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia

    AU - Hayat, Muhammad

    AU - Shahnia, Farhad

    AU - Arefi, Ali

    AU - Iu, Herbert

    AU - Fernando, Tyrone

    PY - 2018/1/8

    Y1 - 2018/1/8

    N2 - Installation of a solar system by a household is a big decision, and there are many factors which need to be considered before this decision. It can be highly rewarding in some cases and for others, it may bring a loss in the investment. The main factors which need to be considered are the electricity consumption tariff, electricity consumption pattern, the location of the household and the tariffs offered by the utility in that area. In this paper, economic incentives of installing a rooftop solar panel and battery system are discussed for a household in different states served by various utilities. A comparison is made to find which states are more suitable in terms of gaining financial benefits from rooftop solar panels.

    AB - Installation of a solar system by a household is a big decision, and there are many factors which need to be considered before this decision. It can be highly rewarding in some cases and for others, it may bring a loss in the investment. The main factors which need to be considered are the electricity consumption tariff, electricity consumption pattern, the location of the household and the tariffs offered by the utility in that area. In this paper, economic incentives of installing a rooftop solar panel and battery system are discussed for a household in different states served by various utilities. A comparison is made to find which states are more suitable in terms of gaining financial benefits from rooftop solar panels.

    KW - Annual electricity bills

    KW - Annual savings

    KW - Payback period

    KW - Rooftop solar panels

    UR - http://www.scopus.com/inward/record.url?scp=85049588615&partnerID=8YFLogxK

    U2 - 10.1109/PGSRET.2017.8251811

    DO - 10.1109/PGSRET.2017.8251811

    M3 - Conference paper

    VL - 2018-January

    SP - 113

    EP - 117

    BT - 3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017

    PB - IEEE, Institute of Electrical and Electronics Engineers

    CY - USA

    ER -

    Hayat M, Shahnia F, Arefi A, Iu H, Fernando T. Comparison of the economic benefits and the payback periods of rooftop solar panels in Australia. In 3rd International Conference on Power Generation Systems and Renewable Energy Technologies, PGSRET 2017. Vol. 2018-January. USA: IEEE, Institute of Electrical and Electronics Engineers. 2018. p. 113-117 https://doi.org/10.1109/PGSRET.2017.8251811