Abstract
Renewable energy, particularly solar energy, offers a clean and alternative energy source to meet the energy demand for sustainable development in the world. Due to its profitability and viability, PV net-metering scheme has been adopted in many countries. The feasibility of implementation PV rooftop system with net metering in residential, commercial, governmental and industrial sectors in Iraq is demonstrated in this study. A financial model has been developed to investigate the feasibility parameters NPV, IRR and annual savings of 24 kWp PV system. The results showed that increasing the capacity of the PV system in residential and commercial buildings will lead to a profitable investment return and the breakeven point that may make the PV net-metering projects feasible is very close to the tariff applied for the commercial sector (10.29 $c/kWh). In the governmental sector, the tariff needs to increase by 35.1% to reach breakeven. However, for such net-metering scheme to be attractive and feasible on a wide scale, it is crucial to back it with financial support through soft loans and grants.
Highlights
The availability of energy services is considered as almost important thing for sustainable development in the world
The results showed that increasing the capacity of the PV system in residential and commercial buildings will lead to a profitable investment return and the breakeven point that may make the PV net-metering projects feasible is very close to the tariff applied for the commercial sector (10.29 $c/kWh)
Iraq is discussed at first with details concerning with status of the utility grid, and case studies of implementation of PV solar net-metering scheme in the residential, governmental and industrial sectors are conducted to investigate the feasibility of install PV systems in Iraq
Summary
The availability of energy services is considered as almost important thing for sustainable development in the world. The concept of net-metering schemes as shown above is to provide the consumer with a mechanism to produce part of his electricity demand. The energy produced locally from PV systems can reduce the technical losses in the network since part of the consumption will be generated locally. Installing solar energy systems on the distribution network is considered one of the effective solutions to avoid these losses
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
