Abstract
Because of the expected increase in conventional technology fuel cost, reduction in the cost of some solar equipment, and other incentives, residential solar photovoltaic (RSPV) energy system as an onsite technology seems a promising technology of the future. Residential customers with surplus solar photovotaic (SPV) energy in excess of their load have the option of either selling that energy or storing it in batteries and consume it later. Their choice of the option depends on the financial transaction contract between such households and the electric utility. Buy-back ratio can be used to characterize the financial transactions between the utility and the SPV owner. This paper addresses the issue of buy-back ratio and its implications. It describes how buy-back ratio is going to affect the transaction between the SPV owner and the utility. Many components that affect the buy-back ratio are discussed from the electric utility perspective. A range of buy-back ratio is determined from the utility point of view.
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 callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
