Feasibility Study of the Use of Renewable Energy Sources in Households

Wojciech Tomasz Ozdarski

Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn

Mirosława Witkowska-Dąbrowska

Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
https://orcid.org/0000-0003-1162-7362

Ilisio Manuel de Jesus

Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
https://orcid.org/0000-0001-8923-5049


Abstract

The present study presents an estimation of the effectiveness of photovoltaic panels and a heat pump installation. The objective of the research was to evaluate the economic feasibility of investing in combined systems relying on renewable energy sources. The research results corroborated the first hypothesis, namely that the use of photovoltaic panels fully supplies the energy needs of the heat pump installed in the household. The other hypothesis, however, was not supported; namely that a combined investment in photovoltaic panels and a heat pumps will pay back in a period shorter than the half of the project’s lifetime. The period of financial return slightly exceeded the assumed time. This means that a combination of a heat pump and a photovoltaic installation is economically feasible, but some forms of support with external capital should be applied.


Keywords:

renewable energy sources, profitability, households

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Published
2021-12-30

Cited by

Ozdarski, W. T. ., Witkowska-Dąbrowska, M., & de Jesus, I. M. . (2021). Feasibility Study of the Use of Renewable Energy Sources in Households. Olsztyn Economic Journal, 16(2), 251–262. https://doi.org/10.31648/oej.8153

Wojciech Tomasz Ozdarski 
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
Mirosława Witkowska-Dąbrowska 
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
https://orcid.org/0000-0003-1162-7362
Ilisio Manuel de Jesus 
Faculty of Economic Sciences, University of Warmia and Mazury in Olsztyn
https://orcid.org/0000-0001-8923-5049



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