University of New Haven Digital Commons @ New Haven Civil Engineering Faculty Publications Civil Engineering 3-2019 Evaluation of Wind and Solar Energy Investments in Texas Byungik Chang University of New Haven,
[email protected] Ken Starcher Alternative Energy Institute, Canyon, Tex. Follow this and additional works at: https://digitalcommons.newhaven.edu/civilengineering- facpubs Part of the Civil Engineering Commons, and the Environmental Engineering Commons Publisher Citation Chang, B., & Starcher, K. (2018). Evaluation of Wind and Solar Energy Investments in Texas. Renewable Energy 132:1348-1359. doi:10.1016/j.renene.2018.09.037 Comments This is the authors' accepted version of the article published in Renewable Energy. The ev rsion of record can be found at http://dx.doi.org/10.1016/ j.renene.2018.09.037 1 Evaluation of Wind and Solar Energy Investments in Texas 2 3 Byungik Chang*1 and Ken Starcher2 4 5 1 Associate Professor, Dept. of Civil and Environmental Engineering, University of New Haven, West Haven, 6 Connecticut, U.S.A. 7 2 Research Scientist, Alternative Energy Institute, Canyon, Texas, U.S.A. 8 9 Abstract 10 The primary objective of the project is to evaluate the benefits of wind and solar energy 11 and determine economical investment sites for wind and solar energy in Texas with economic 12 parameters including payback periods. A 50 kW wind turbine system and a 42 kW PV system 13 were used to collect field data. Data analysis enabled yearly energy production and payback period 14 of the two systems. 15 The average payback period of a solar PV system was found to be within a range of 2-20 16 years because the large range of the payback period for PV systems were heavily influenced by 17 incentives.