Publication Date:
2011-08-24
Description:
The Lifetime Cost and Performance (LCP) Model was developed to assist in the assessment of Photovoltaic (PV) system design options. LCP is a simulation of the performance, cost, and revenue streams associated with distributed PV power systems. LCP provides the user with substantial flexibility in specifying the technical and economic environment of the PV application. User-specified input parameters are available to describe PV system characteristics, site climatic conditions, utility purchase and sellback rate structures, discount and escalation rates, construction timing, and lifetime of the system. Such details as PV array orientation and tilt angle, PV module and balance-of-system performance attributes, and the mode of utility interconnection are user-specified. LCP assumes that the distributed PV system is utility grid interactive without dedicated electrical storage. In combination with a suitable economic model, LCP can provide an estimate of the expected net present worth of a PV system to the owner, as compared to electricity purchased from a utility grid. Similarly, LCP might be used to perform sensitivity analyses to identify those PV system parameters having significant impact on net worth. The user describes the PV system configuration to LCP via the basic electrical components. The module is the smallest entity in the PV system which is modeled. A PV module is defined in the simulation by its short circuit current, which varies over the system lifetime due to degradation and failure. Modules are wired in series to form a branch circuit. Bypass diodes are allowed between modules in the branch circuits. Branch circuits are then connected in parallel to form a bus. A collection of buses is connected in parallel to form an increment to capacity of the system. By choosing the appropriate series-parallel wiring design, the user can specify the current, voltage, and reliability characteristics of the system. LCP simulation of system performance is site-specific and follows a three-step procedure. First the hourly power produced by the PV system is computed using a selected year's insolation and temperature profile. For this step it is assumed that there are no module failures or degradation. Next, the monthly simulation is performed involving a month to month progression through the lifetime of the system. In this step, the effects of degradation, failure, dirt accumulation and operations/maintenance efforts on PV system performance over time are used to compute the monthly power capability fraction. The resulting monthly power capability fractions are applied to the hourly power matrix from the first step, giving the anticipated hourly energy output over the lifetime of the system. PV system energy output is compared with the PV system owner's electricity demand for each hour. The amount of energy to be purchased from or sold to the utility grid is then determined. Monthly expenditures on the PV system and the purchase of electricity from the utility grid are also calculated. LCP generates output reports pertaining to the performance of the PV system, and system costs and revenues. The LCP model, written in SIMSCRIPT 2.5 for batch execution on an IBM 370 series computer, was developed in 1981.
Keywords:
ECONOMICS AND COST ANALYSIS
Type:
NPO-16001
Format:
text
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