This study evaluates the Levelized Cost of Electricity (LCOE) for rooftop photovoltaic (PV) systems in multi-apartment buildings in the Baltic States (Latvia, Lithuania, and Estonia) through 2050.
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Executive Summary India''s residential rooftop solar capacity as of 31 March 2022 may only be a mere 2,010 megawatt (MW). But because of a rising need for cost savings and increasing
Download scientific diagram | A 10-panel or 2200 W rooftop photovoltaic (PV) system cost breakdown. from publication: Economic viability of rooftop photovoltaic systems in the middle east and
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Despite these advantages, the adoption of rooftop solar systems is influenced by several factors, including installation costs, maintenance, energy savings, and government incentives. This
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The cost of producing electricity with solar photovoltaic (PV) has decreased drastically in the past 10 years, so much that the installed PV capacity has increased exponentially between 2010 and 2018.
A study estimating the economic viability of rooftop solar in Estonia, Latvia and Lithuania forecasts the levelized cost of electricity (LCOE) for PV systems in the Baltic States at between €0.
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This study evaluates the Levelized Cost of Electricity (LCOE) for rooftop photovoltaic (PV) systems in multi-apartment buildings in the Baltic States (Latvia, Lithuania,
The cost of producing electricity with solar photovoltaic (PV) has decreased drastically in the past 10 years, so much that the installed PV capacity has increased
The growth of distributed solar PV, including rooftop installations on buildings, is expected to accelerate due to increasing retail electricity costs and the rising support of policies
In Estonia, only one organization with CEC status operates a rooftop PV system (13 kW) on an office building, while Latvia has no operational energy communities yet. The focus was drawn to the roofs of residential multi-apartment buildings as the most accessible place for residents for the possible organization of CEC.
Considering the above, the Baltic States have significant technical potential for rooftop PV installations to support the energy transition. EU policymakers have highlighted renewable energy communities as a key driver of this transition, as they promote citizen participation and local control over renewable energy decisions .
To date, the deployment of rooftop solar across the Baltics has been driven by government incentives including subsidies and net metering, bolstered by EU funding. The researchers say the Baltics have seen a significant surge in solar energy in recent years as the region works to reduce its longstanding energy dependence on Russia.
The researchers calculated the median LCOE at a 6% discount rate of €0.08 ($0.087)/kWh in Latvia and Lithuania and €0.09/kWh in Estonia. The LCOE across all regions ranged from €0.05/kWh to €0.12/kWh at a 6% discount rate. The researchers say these results show rooftop systems are economically viable in each of the countries.
Economic assessment of rooftop PV systems in Baltic States' multi-apartment buildings using Monte Carlo simulations. Projected LCOE for PV systems by 2050 ranges from 0.08 to 0.09 EUR/kWh at a 6 % discount rate, highlighting CAPEX sensitivity.
The results show that rooftop PV systems are economically viable, with median LCOE values of 0.08 EUR/kWh for Latvia and Lithuania and 0.09 EUR/kWh for Estonia at a 6 % discount rate. Capital expenditures (CAPEX) are the most critical factor, with projected significant cost reductions by 2050 further enhancing viability.
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