Economic analysis for demand-side hybrid photovoltaic and battery energy storage system

This paper examines the cost analysis of a hybrid photovoltaic and battery energy storage system (PV-BESS) for demand-side applications in southern Ta iwan, R.O.C. The forms of input data and output data for three different in vestment plans are proposed and discussed. A sensitivity analysis to unders tand those affecting parameters to the investment is also investigated, The analysis results can support the users with a tradeoff among economic, ope rational and environmental factors. This paper establishes a potential and practical tool for cost analysis of most energy conversion applications.