Energy Management for Photovoltaic Systems – How it Works
Why energy management is important for photovoltaics Photovoltaic systems produce electricity depending on solar radiation.Often, there is a surplu...
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Photovoltaic systems allow homeowners to generate their own electricity and
reduce energy costs long-term. The profitability depends on several factors.
The return on investment of a PV system is influenced by:
• Acquisition costs
• Electricity price
• Self-consumption
• Feed-in tariff
The more solar power is used in the household, the less electricity needs to be purchased from the
grid. This significantly improves profitability.