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Economic Analysis of Solar Energy and Off-Peak Power Hybrid Heating System

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4 Author(s)
Xiao Wang ; Inst. of Environ. & Municipal Eng., Qingdao Technol. Univ., Qingdao, China ; Hua Dong ; Shuqing Li ; Lingyun Zhang

Taking a villa of 480 m2 heating area in Qingdao as the study object, a solar energy and off-peak power hybrid heating system is proposed. In order to operate economically, five operating mode are designed considering the curve of time-sharing price and solar energy. The initial investment, running costs and comprehensive energy price are calculated using the full life-cycle cost theory as a guide. The consumption of off-peak electricity is also analyzed, which modify the peak load shifting contradiction of Qingdao power grid. Comparing with the central heating system, solar energy and off-peak power hybrid heating system has significant economic benefits.

Published in:

Power and Energy Engineering Conference (APPEEC), 2010 Asia-Pacific

Date of Conference:

28-31 March 2010

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