Techno-economic Assessment of Battery Storage with Photovoltaics for Maximum Self-Consumption

Abstract The study provided a techno-economic optimization technique for acquiring the ideal battery storage capacity in conjunction with a solar array capable of meeting the desired residential load with high levels of self-sufficiency. Moreover, the viability of a proposed photovoltaic battery system was evaluated. With a resolution of one minute, the annual energy consumption, irradiance, and ambient temperature for 2021 have been measured. Simulations of a stationary economic model are run from 2021 to 2030. Based on the experimental evaluation of the annual energy consumption, which was 3755.8 kWh, the study reveals that the photovoltaic array with a capacity of 2.7 kWp is capable of producing an annual energy production of 4295.5 kWh. The optimal battery capacity determined was 14.5 kWh, which can satisfy 90.2% of self-consumption at the cost of energy $0.25/kWh. Additionally, two third-order polynomial relationships between self-consumption and net present costs and energy cost were established.