Combined Photovoltaic and Thermal Power System Improves Cost Effectiveness
DOI:
https://doi.org/10.13052/dgaej2156-3306.2023Abstract
This article reviews state-of-the-art photovoltaic hardware that can
provide combined heat and power (CHP). The improved economics
of using photovoltaic (PV) power systems with CHP capability over
conventional PV systems is discussed along with the improved market
penetration potential in a variety of distributed generation applications.
The key issues are summarized that need to be considered to determine
project cost effectiveness including applications that will benefit most
from the PV system’s dual energy output, effect of geographic location
on system performance, and available federal, state and local financial
incentives.
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