Carbon Credit Earned by Rooftop PV Systems: Assessing Opportunities for Carbon Market Adoption in the Ecuadorian Context

This study assessed the techno-economic and environmental feasibility of a grid-connected PV system on a university building, with a focus on potential revenue from carbon credit sales. The analysis assumes a regulated CO2 emissions market in Ecuador and references carbon credit prices from the European Union, New Zealand, China, and the Republic of Korea. Seven PV system configurations, varying in size and capacity, were modeled using Homer Pro and assessed for their techno-economic feasibility and environmental performance. The results indicated that the 166 kWp system was the most promising, supplying approximately 74% of the building’s electricity demand. Thus, this system was selected as the baseline for evaluating potential revenues from carbon credit sales in international markets, based on average carbon prices in 2022. The selected markets generated annual revenues of USD 4410.68, USD 2587.55, USD 446.34, and USD 958.37, respectively. While these additional revenues improved the Net Present Value (NPV) of the 166 kWp system, the overall NPV remained negative due to the high initial investment costs.