Economic Analysis of Home Photovoltaics System: Extreme Weather Case Study

EasyChair Preprint 3550

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 neighbouring household avoid most of the abnormal electricity price. Matlab simulation results also indicate that this electric energy interaction between neighbours can reduce the energy cost of the household with the Home PV System.

Keyphrases: Electric usage, Home PV System, residential household, solar power

@booklet{EasyChair:3550,
  author    = {Rao Fu and Jin Zhao and Ilya Grinberg},
  title     = {Economic Analysis of Home Photovoltaics System: Extreme Weather Case Study},
  howpublished = {EasyChair Preprint 3550},
  year      = {EasyChair, 2020}}