Publications
Evaluation of PV performance models and their impact on project risk
Photovoltaic systems are often priced in $/W{sub p}, where Wp refers to the DC power rating of the modules at Standard Test Conditions (1000 W/m{sup 2}, 25 C cell temperature) and $ refers to the installed cost of the system. However, the true value of the system is in the energy it will produce in kWhs, not the power rating. System energy production is a function of the system design and location, the mounting configuration, the power conversion system, and the module technology, as well as the solar resource. Even if all other variables are held constant, the annual energy yield (kWh/kW{sup p}) will vary among module technologies because of differences in response to low-light levels and temperature. Understanding energy yield is a key part of understanding system value. System performance models are used during project development to estimate the expected output of PV systems for a given design and location. Performance modeling is normally done by the system designer/system integrator. Often, an independent engineer will also model system output during a due diligence review of a project. A variety of system performance models are available. The most commonly used modeling tool for project development and due diligence in the United States is probably PVsyst, while those seeking a quick answer to expected energy production may use PVWatts. In this paper, we examine the variation in predicted energy output among modeling tools and users and compare that to measured output.