A photovoltaic system that generates 10000 kWh/yr costs $20,000. It is paid for with a 5%, 25-year loan. a. Ignoring any
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A photovoltaic system that generates 10000 kWh/yr costs $20,000. It is paid for with a 5%, 25-year loan. a. Ignoring any
A photovoltaic system that generates 10000 kWh/yr costs $20,000. It is paid for with a 5%, 25-year loan. a. Ignoring any tax implications, what is the cost of electricity from the PV systems? b. With local utility electricity costing 10c/kWh, at what rate would that price have to escalate over the 25-year period in order for the levelized cost of utility electricity be the same as the cost of electricity from the PV system? Assume the buyer's discount rate is 20%.
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