Evaluating the Impact of Subsidies on Solar PV Adoption Using Multi-Agent Systems and Machine Learning

Research output: Chapter in Book or Conference Publication/ProceedingConference Publicationpeer-review

1 Citation (Scopus)

Abstract

This study analyzes the impact of subsidies on the adoption of solar photovoltaic (PV) systems in Irish dairy farms using a multi-agent systems model. The model examines the interactions between policymakers and dairy farms, integrating a linear regression model to forecast electricity prices. Our findings demonstrate that higher subsidies significantly boost PV adoption rates, with adoption increasing from 2 % at a 40 % subsidy to 20.9 % at a 7 0 % subsidy. These results provide valuable insights for policymakers, highlighting the effectiveness of subsidies in promoting renewable energy adoption. This work underscores the potential of subsidy policies to enhance reliance on renewable energy, thereby reducing CO2 emissions and supporting the transition to sustainable energy sources.

Original languageEnglish
Title of host publicationICCCMLA 2024 - 6th International Conference on Cybernetics, Cognition and Machine Learning Applications
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages32-38
Number of pages7
ISBN (Electronic)9798331505790
DOIs
Publication statusPublished - 2024
Event6th International Conference on Cybernetics, Cognition and Machine Learning Applications, ICCCMLA 2024 - Hamburg, Germany
Duration: 19 Oct 202420 Oct 2024

Publication series

NameICCCMLA 2024 - 6th International Conference on Cybernetics, Cognition and Machine Learning Applications

Conference

Conference6th International Conference on Cybernetics, Cognition and Machine Learning Applications, ICCCMLA 2024
Country/TerritoryGermany
CityHamburg
Period19/10/2420/10/24

Keywords

  • Linear regression
  • Machine Learning
  • Multi-agent systems
  • Photovoltaics
  • Renewable energy

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