Techno-Economic Analysis of Integrating Renewable Electricity and Electricity Storage in a Typical Family House in the Turkish Republic of Northern Cyprus

The world's energy consumption has increased due to the rapid increase in population. Many developing countries including the Turkish Republic of Northern Cyprus are relying on conventional energy resources to generate electricity. These sources add a great part of CO2 emissions in the environment leading to global warming and climate change. Utilization of renewable energy sources e.g., solar, wind, etc. along with energy storage devices can reduce the usage of fossil fuels and it can also reduce the higher electricity bills. This study aims to integrate solar energy with a grid for a single-family house in Gönyeli, Northern Cyprus. The techno-economic analysis of the proposed system can determine the feasibility of a system in the selected location. It uses online available resources and HOMER Pro software to simulate four different configurations. The results show that the grid-connected solar system shows the lowest NPC of $15,327 and COE of $0.0365 than other configurations. However, due to the load shedding in the area, battery storage is crucial so that it can supply power during grid outages. The simulation was carried out for lead-acid and lithium-ion batteries. Results show that lead acid battery is cost-effective and provide the more optimal solution to meet the load demand with NPC of $24,547 and COE of $0.0563. Solar system integrated with lead acid battery is the most optimal system for a single-family house. The results from this research work can help effective power generation in the area and it also contributes to the research and development of renewable energy integration with energy storage in Northern Cyprus.