How much LCOE does a rooftop PV system cost?

Economic assessment of rooftop PV systems in Baltic States' multi-apartment buildings using Monte Carlo simulations. Projected LCOE for PV systems by 2050 ranges from 0.08 to 0.09 EUR/kWh at a 6 % discount rate, highlighting CAPEX sensitivity.

Can rooftop photovoltaic systems be used in multi-apartment buildings?

The study evaluates the LCOE for rooftop photovoltaic (PV) systems in multi-apartment buildings in the Baltic States, focusing on cost projections up to 2050. Using Monte Carlo simulations and stochastic modeling, the research incorporates key economic parameters such as CAPEX, OPEX, and discount rates to assess future LCOE trends.

What is the rooftop solar PV comparison update?

The Rooftop Solar PV Comparison Update produced by CAN Europe and eco-union, with contributions from our members, is an updated version of the Rooftop Solar PV Comparison Report published by CAN Europe in May 2022.

Can rooftop PV installations support the energy transition in the Baltic states?

Considering the above, the Baltic States have significant technical potential for rooftop PV installations to support the energy transition. EU policymakers have highlighted renewable energy communities as a key driver of this transition, as they promote citizen participation and local control over renewable energy decisions .

Are rooftop PV systems economically viable?

The results show that rooftop PV systems are economically viable, with median LCOE values of 0.08 EUR/kWh for Latvia and Lithuania and 0.09 EUR/kWh for Estonia at a 6 % discount rate. Capital expenditures (CAPEX) are the most critical factor, with projected significant cost reductions by 2050 further enhancing viability.

Does Estonia have a rooftop PV system?

In Estonia, only one organization with CEC status operates a rooftop PV system (13 kW) on an office building, while Latvia has no operational energy communities yet. The focus was drawn to the roofs of residential multi-apartment buildings as the most accessible place for residents for the possible organization of CEC.