Economic Analysis of Home Photovoltaics System: Extreme Weather Case Study

Rao Fu, Jin Zhao, Ilya Grinberg

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Scopus citations

Abstract

A case study of the electric usage and cost of residential households under severe weather conditions is presented in this article. Extremely hot weather in Texas led to a sharp increase in electric usage at the local power grid, which necessitated a corresponding increase in price. For the residential households installed with Home Photovoltaics (PV) System, the solar power could provide a strong support to keep the utility electricity cost from this price surge. Additionally, extra solar energy could help a neighboring household avoid most of the abnormal electricity price. Matlab simulation results also indicate that this electric energy interaction between neighbors can reduce the energy cost of the household with the Home PV System.

Original languageEnglish
Title of host publicationProceedings of the 2020 IEEE Green Technologies Conference, GreenTech 2020
EditorsPierre F. Tiako, Robert Scolli, Tom Jobe
PublisherIEEE Computer Society
Pages145-147
Number of pages3
ISBN (Electronic)9781728150178
DOIs
StatePublished - 1 Apr 2020
Externally publishedYes
Event2020 IEEE Green Technologies Conference, GreenTech 2020 - Virtual, Oklahoma City, United States
Duration: 1 Apr 20203 Apr 2020

Publication series

NameIEEE Green Technologies Conference
Volume2020-April
ISSN (Electronic)2166-5478

Conference

Conference2020 IEEE Green Technologies Conference, GreenTech 2020
Country/TerritoryUnited States
CityVirtual, Oklahoma City
Period1/04/203/04/20

Bibliographical note

Publisher Copyright:
© 2020 IEEE.

Keywords

  • Home PV System
  • electric usage
  • residential household
  • solar power

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