Financial measures Serbia should offer for solar water heating systems
Abstract
Hot water consumption is an important segment in the energy consumption in households in Serbia, where majority of households heat water with electric resistance storage water heaters. A more appropriate alternative is installation of solar water heating (SWH) systems in households. The current number of installed SWH systems in Serbia is negligibly small - only about 0.1% of all households. Serbia has recently adopted feed-in tariffs for generating electricity from renewable energy sources (RES), but it did not provide any incentive for SWH installations. It is generally accepted that best form of SWH incentive is a direct subsidy to reduce high upfront costs. The aim of this work is to suggest the level of the subsidy which Serbian government should offer in order to reach the level of SWH deployment comparable to that of more developed countries. After financial analysis of SWH installation in six Serbian cities, followed by contingent valuation survey among household owners in Serb...ia, it is concluded that 20% subsidy is justified already by CO2 mitigation potential of SWH systems, while 50% subsidy, which lowers equity payback period to 5.5-6 years, generates most interest among household owners.
Keywords:
Solar water heating system / Financial incentive / Household subsidy / Feed-in tariffSource:
Energy and Buildings, 2012, 54, 519-526Publisher:
- Elsevier Science Sa, Lausanne
Funding / projects:
- Spatial, environmental, energy and social aspects of developing settlements and climate change - mutual impacts (RS-MESTD-Technological Development (TD or TR)-36035)
DOI: 10.1016/j.enbuild.2012.02.054
ISSN: 0378-7788
WoS: 000312745200057
Scopus: 2-s2.0-84868472321
Collections
Group
RAUmPlanTY - JOUR AU - Stevanović, Sanja AU - Pucar, Mila PY - 2012 UR - https://raumplan.iaus.ac.rs/handle/123456789/222 AB - Hot water consumption is an important segment in the energy consumption in households in Serbia, where majority of households heat water with electric resistance storage water heaters. A more appropriate alternative is installation of solar water heating (SWH) systems in households. The current number of installed SWH systems in Serbia is negligibly small - only about 0.1% of all households. Serbia has recently adopted feed-in tariffs for generating electricity from renewable energy sources (RES), but it did not provide any incentive for SWH installations. It is generally accepted that best form of SWH incentive is a direct subsidy to reduce high upfront costs. The aim of this work is to suggest the level of the subsidy which Serbian government should offer in order to reach the level of SWH deployment comparable to that of more developed countries. After financial analysis of SWH installation in six Serbian cities, followed by contingent valuation survey among household owners in Serbia, it is concluded that 20% subsidy is justified already by CO2 mitigation potential of SWH systems, while 50% subsidy, which lowers equity payback period to 5.5-6 years, generates most interest among household owners. PB - Elsevier Science Sa, Lausanne T2 - Energy and Buildings T1 - Financial measures Serbia should offer for solar water heating systems VL - 54 SP - 519 EP - 526 DO - 10.1016/j.enbuild.2012.02.054 ER -
@article{ author = "Stevanović, Sanja and Pucar, Mila", year = "2012", abstract = "Hot water consumption is an important segment in the energy consumption in households in Serbia, where majority of households heat water with electric resistance storage water heaters. A more appropriate alternative is installation of solar water heating (SWH) systems in households. The current number of installed SWH systems in Serbia is negligibly small - only about 0.1% of all households. Serbia has recently adopted feed-in tariffs for generating electricity from renewable energy sources (RES), but it did not provide any incentive for SWH installations. It is generally accepted that best form of SWH incentive is a direct subsidy to reduce high upfront costs. The aim of this work is to suggest the level of the subsidy which Serbian government should offer in order to reach the level of SWH deployment comparable to that of more developed countries. After financial analysis of SWH installation in six Serbian cities, followed by contingent valuation survey among household owners in Serbia, it is concluded that 20% subsidy is justified already by CO2 mitigation potential of SWH systems, while 50% subsidy, which lowers equity payback period to 5.5-6 years, generates most interest among household owners.", publisher = "Elsevier Science Sa, Lausanne", journal = "Energy and Buildings", title = "Financial measures Serbia should offer for solar water heating systems", volume = "54", pages = "519-526", doi = "10.1016/j.enbuild.2012.02.054" }
Stevanović, S.,& Pucar, M.. (2012). Financial measures Serbia should offer for solar water heating systems. in Energy and Buildings Elsevier Science Sa, Lausanne., 54, 519-526. https://doi.org/10.1016/j.enbuild.2012.02.054
Stevanović S, Pucar M. Financial measures Serbia should offer for solar water heating systems. in Energy and Buildings. 2012;54:519-526. doi:10.1016/j.enbuild.2012.02.054 .
Stevanović, Sanja, Pucar, Mila, "Financial measures Serbia should offer for solar water heating systems" in Energy and Buildings, 54 (2012):519-526, https://doi.org/10.1016/j.enbuild.2012.02.054 . .