Thermoeconomic analysis of residential rooftop photovoltaic systems with integrated energy storage and resulting impacts on electrical distribution networks

Abstract

This paper investigates residential rooftop photovoltaic (PV) systems for long-term thermoeconomic benefits from PV homeowners’ perspectives and for impacts on the electrical distribution network from grid operators’ perspectives. The costs of generating electricity from grid-connected PV systems are studied with and without energy storage at the PV homeowners’ sites. Three selling scenarios for excess PV energy conversion are considered: net metering, wholesale pricing, and no payback. PV systems in Utah are utilized as case studies in this analysis. The presence of PV systems gives homeowners economic benefits such as reduced annual electricity bills. However, the levelized costs of electricity are considerably higher than the weighted electricity price in Utah. Currently, the addition of energy storage only benefits customers in Utah under the no payback policy. The impacts of PV systems toward electrical distribution networks are then studied on a distribution test system. Excess PV generation from residential PV systems causes voltage rise in the electrical distribution network. The results from this paper can educate consumers about the lifetime benefit of integrating solar energy into their homes. For grid operators, residential PV systems with energy storage can reduce the negative impacts on the grid compared with high PV penetration alone.