This study conducts a detailed techno-economic evaluation of residential renewable energy system (RRES) in Türkiye, focusing on the city of Kahramanmaras with high solar potential and utilizing real-site measured PV data in the city. To this end, a comprehensive RRES model, incorporating various system configurations are developed. In order to represent all PV-Battery energy storage system (BESS) operating configurations, six different cases are defined. Then, novel energy management strategies are proposed for the cost-efficient allocation of available energy and to improve the techno-economic performance of the RRES. To conduct a comprehensive feasibility analysis from all aspects, various economic metrics such as net present value, simple payback period (SPP), discounted payback period (DPP), internal rate of return (IRR), profitability index (PI), and levelized cost of energy (LCOE), together with energy-related performance metrics like self-sufficiency and grid-dependency rates are employed. Furthermore, a sensitivity analysis is carried to observe the impacts of pricing scheme and system cost&sizing on the evaluation metrics. On the other hand, as a technical assessment, reliability index (RI) is calculated for each case to discuss the loss of load probability. MATLAB R2020b software is utilized for modelling and energy management purposes. The numerical results indicate that the most feasible system under current financial circumstances and renewable energy policy is rooftop PV system with a SPP of 8.38 years, a DPP of 7.71 years, an IRR of 11.64 %, a PI of 2.72, and a LCOE of 0.026 $/kWh, whereas the least feasible system is proven to be sun tracking PV-BESS system on PV charge mode with a SPP of 12.08 years, a DPP of 10.73 years, an IRR of 7.61 %, a PI of 1.69, and a LCOE of 0.227 $/kWh. Moreover, it is observed that charging the BESS from the grid instead of PV energy procures higher financial returns for the end-user such that SPP, DPP, IRR, PI, and LCOE improve to 10.95 years, 9.83 years, 8.40 %, 1.87, and 0.198 $/kWh, respectively for the system of configuration of sun tracking PV with BESS on grid charge mode compared to sun tracking PV with BESS on PV charge mode. Also, all PV-BESS operational configurations can meet the feasibility criteria through improved incentives and cost reductions although the cost-benefit ratio of BESSs is not yet at the desired level. The results of technical evaluation indicate that charging the BESS from the grid and smaller BESS sizes serve to reduce the loss of load probability, resulting in an improvement in the reliability index of the RRES. Overall, this study provides a holistic insight for promoting RRESs in Türkiye through a detailed techno-economic performance analysis.
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