A Life-Cycle Cost Analysis on Photovoltaic (PV) Modules for Türkiye: The Case of Eskisehir's Solar Market Transactions

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Acaroğlu H., Baykul M. C., Kara Ö.

SUSTAINABILITY, vol.17, no.24, 2025 (SCI-Expanded, SSCI, Scopus)

• Publication Type: Article / Article
• Volume: 17 Issue: 24
• Publication Date: 2025
• Doi Number: 10.3390/su172411023
• Journal Name: SUSTAINABILITY
• Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Social Sciences Citation Index (SSCI), Scopus, Geobase, INSPEC
• Open Archive Collection: AVESIS Open Access Collection
• Eskisehir Osmangazi University Affiliated: Yes

Abstract

Solar energy systems have increasingly replaced conventional energy systems, driving global efforts to combat climate change and promote sustainability. This study conducts a comprehensive life-cycle cost analysis (LCCA) of photovoltaic (PV) modules, with a focus on the solar market in Eskisehir, T & uuml;rkiye. Unlike prior research, this work integrates financial analysis with ecological benefits, offering a localized case study. By leveraging primary data from surveys and government sources, the analyses display that investing in PV equipment generates 883.75 in Net Present Value (NPV) savings through the business-as-usual scenario (-392 under the worst-case and 2350 under the optimistic scenarios) over a 30-year lifespan, demonstrating the financial viability of these systems. Despite high initial costs, PV modules provide ecological and economic advantages that outweigh maintenance expenses, making them a viable solution for reducing fossil fuel dependence. The findings serve as a guideline for decision-makers, consumers, and producers to foster a sustainable solar energy market in T & uuml;rkiye and similar developing economies by enabling feasible PV investments through appropriate Feed-in tariff mechanisms.