Question

May you summarize this discussion?

please write the information in 2 to 3 sentences or break them down into different key points.

Conclusion This paper presented an economical comparative analysis of solar PV systems for the provinces and territories of Canada for 2013 and 2016. Net present value (NPV), payback period (PBP), and internal rate of return (IRR) were calculated using the discounted cash flow method based on the solar resources, average electricity rate, and supporting policies (FITs, incentives, subsidies, etc.). Furthermore, two sensitivity analyses were performed to establish the projects’ viability conditions. The major change between 2013 and 2016 is that the number of viable or profitable projects based on location, incentives and solar resource went up from 4 out of 14 to 13 out of 14. The main reason for this is that the initial cost for a typical installation went down by a factor 3 (2.85). Changes in the local programs and local electricity prices were found to have a lesser impact. Although prices might be expected to go down, the authors nevertheless suggest that territories and provinces that have a net metering program should improve it with a specific local feed-in tariffs to help Canada achieve its goal of GHG emissions reduction. In a future work, the authors will carry out an in-depth comparative economic analysis between Canada, the United States, European Union countries and several other reference cities in Africa and Asia. The current study should also be updated in 2019.

Answer 1

The key points of the discussion are as follows:

1. The economic comparative analysis of Solar PhotoVoltaic cells or solar cells for the year 2013 and 2016 was made aiming in reducing the Green House Gas emissions of Canada.
2. The investments made on this project were checked for its worth using discounted Cash flow method and also through two more sensitivity analysis indicating the increase in number of profitable projects in Canada from 2013 to 2016.
3. The main reason behind this increase was found to be the less initial installation costs and other factors had less impacts.
4. A much more in-depth comparative analysis with more developed countries in the coming 2019 should be carried out for knowing more about the effectiveness of these solar PV systems.