Operations Research, Systems Engineering and Industrial Engineering Commons^™

An Economic Analysis Of Residential Photovoltaic Systems With And Without Energy Storage, Rodney Moses Kizito

Graduate Theses and Dissertations

Residential photovoltaic (PV) systems serve as a source of electricity generation that is separate from the traditional utilities. Investor investment into residential PV systems provides several financial benefits such as federal tax credit incentives for installation, net metering credit from excess generated electricity added back to the grid, and savings in price per kilowatt-hour (kWh) from the PV system generation versus the increasing conventional utility price per kWh. As much benefit as stand-alone PV systems present, the incorporation of energy storage yields even greater benefits. Energy storage (ES) is capable of storing unused PV provided energy from daytime periods of …