In this paper, a point-focus concentrating photovoltaic and thermal (CPV∕T) system, sized for a domestic application, is presented in order to evaluate its inefficiencies and the related costs. The CPV∕T system adopts parabolic concentrator mirrors to reflect the light on triple-junction cells InGaP∕InGaAs∕Ge (indium–gallium phosphide∕indium–gallium arsenide∕germanium) placed on pipes, where the cooling fluid flows; CPV∕T system consists of three modules in parallel linked to a tank that works as hot water storage. The main maintenance problems are due to: moving parts such as the tracking system, cell wear linked to hotspot problems and optics cleaning. In particular, the model presented allows us to evaluate electric and thermal outputs, energy inefficiencies, and maintenance costs of the CPV∕T system. The analysis has been subdivided in several steps and a FMECA (Failure Mode, Effects and Criticality Analysis) approach has been considered to investigate the main failure modes and their relative effects in terms of efficiency losses and intervention costs. So, the inefficiencies analysis has allowed to identify the system malfunction causes, evaluating the impact due to the stops for each type of fault. Hence, an economic analysis has allowed to evaluate the CPV∕T system convenience when inefficiencies and maintenance incidence are also considered.
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