Work

A Life-Cycle Cost Analysis on Photovoltaic (PV) Modules for Türkiye: The Case of Eskisehir’s Solar Market Transactions

Year: 2025

Type: article

Abstract: Solar energy systems have increasingly replaced conventional energy systems, driving global efforts to combat climate change and promote sustainability. This study conducts a comprehensive life-cycle cost analysis (LCCA) of photovoltaic (PV) modules, with a focus on the solar market in Eskisehir, Türkiye. Unlike prior research, this work integrates financial analysis with ecological benefits, offering a localized case study. By leveraging primary data from surveys and government sources, the analyses display that investing in PV equipment generates €883.75 in Net Present Value (NPV) savings through the business-as-usual scenario (−€392 under the worst-case and €2350 under the optimistic scenarios) over a 30-year lifespan, demonstrating the financial viability of these systems. Despite high initial costs, PV modules provide ecological and economic advantages that outweigh maintenance expenses, making them a viable solution for reducing fossil fuel dependence. The findings serve as a guideline for decision-makers, consumers, and producers to foster a sustainable solar energy market in Türkiye and similar developing economies by enabling feasible PV investments through appropriate Feed-in tariff mechanisms.

Source: Sustainability

DOI: 10.3390/su172411023

Authors: Hakan Acaroğlu, Mevlana Celalettin Baykul, Ömer Kara

Institution: Eskişehir Osmangazi University

Language: English

Topic: Photovoltaic Systems and Sustainability

Subfield: Environmental Engineering

Field: Environmental Science

Domain: Physical Sciences

SDGs: Climate action, Affordable and clean energy, Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $2,896