The post COVID-19 green recovery in practice: Assessing the profitability of a policy proposal on residential photovoltaic plants.
COVID-19
Economic analysis
Photovoltaic
Policy proposal
Self-consumption
Journal
Energy policy
ISSN: 0301-4215
Titre abrégé: Energy Policy
Pays: England
ID NLM: 9876005
Informations de publication
Date de publication:
Dec 2020
Dec 2020
Historique:
received:
16
06
2020
revised:
07
09
2020
accepted:
10
09
2020
entrez:
29
9
2020
pubmed:
30
9
2020
medline:
30
9
2020
Statut:
ppublish
Résumé
The development of photovoltaic (PV) energy has been very significant in the last years, thanks to cost reductions brought about by policy actions favouring the transition from a fossil to a green society. As this transition is likely to stretch over the long term, policy support must be programmed accordingly. In light of the human and economic shock effected by COVID-19, the Italian government has offered a tax deduction of 110% over 5 years for the realization of new PV residential plants. We propose to integrate this tool with the application of a bonus for energy produced and self-consumed, in order to support the development of decentralized systems. In this paper, we provide an economic assessment of a 3 kW plant in the context of several policy scenarios. The results underline the great opportunity for consumers to tackle climate change whilst obtaining relevant economic profits. The study can be replicated on a global scale.
Identifiants
pubmed: 32989340
doi: 10.1016/j.enpol.2020.111910
pii: S0301-4215(20)30621-2
pmc: PMC7511198
doi:
Types de publication
Journal Article
Langues
eng
Pagination
111910Informations de copyright
© 2020 Elsevier Ltd. All rights reserved.
Déclaration de conflit d'intérêts
The authors declare that they have no known competing financial interests or personal relationships that could have appeared to influence the work reported in this paper.
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