Techno-Economic Assessment of PV System for self-consumption Case Study of Malta

High penetration of PVs within the grid system has initiated policies and regulations to enable and encourage self-consumption PVs as a viable solution for mitigating adverse effects of high pv-penetration on grid as also for reducing energy cost to the prosumer. This solution comes with an additional cost of energy storage such as battery. This paper presents an economic assessment of grid-connected PV systems for self-consumption. Assuming values for performance ratio of PV system, insolation level, inflation, interest rates and incentive grants, the levelized cost of electricity (LCOE) is evaluated for the case study in Malta. The influence for incentives proposed by the Maltese Government is analysed.