Date of Award
Spring 2018
Degree Name
Bachelor of Science (BS)
Advisor(s)
Evangelos Katsamakas
Abstract
This thesis explores the economic feasibility of distributed photovoltaics in the Bronx. With the necessity to reduce carbon emissions and fight climate change, our power sources play a critical role. Existing research confirms that distributed generation (DG) is an effective way to reengineer the electricity system to integrate more renewable sources versus a centralized, fossil fuel-based system. However, the viability of decentralizing electricity production with solar is location-dependent and does not achieve the economies of scale of centralized systems. To determine the economic feasibility of DG with photovoltaics in the Bronx, this study measures the relative cost to consumers and supply of electricity from the grid, based on a framework developed by the National Renewable Energy Laboratory. Variables considered include regional demand, space capacity, fixed and variable costs to consumers, supply costs, and existing government support programs. Drawing on data reported by NYC government and NYSERDA and case studies of other DG efforts, this study determined that solar energy cannot meet peak demand, but it is economically feasible with existing government support programs and can reduce overall emissions. This research can contribute to the larger movement of innovating urban infrastructure, sustainable business, and supportive government conditions for renewables.
Recommended Citation
Siegrist, Claire, "A Feasibility Study of Distributed Generation of Solar Energy in the Bronx" (2018). Gabelli School of Business Honors Thesis Collection. 121.
https://research.library.fordham.edu/gabelli_thesis/121
