A university spent $1.3 million to install solar panels atop a parking garage. These panels will have a capacity of 200
Posted: Tue Sep 07, 2021 7:29 am
A university spent $1.3 million to install solar panels atop a
parking garage. These panels will have a capacity of 200 kilowatts
(kW) and have a life expectancy of 20 years. Suppose that the
discount rate is 30%, that electricity can be purchased at $0.20
per kilowatt-hour (kWh), and that the marginal cost of electricity
production using the solar panels is zero. Approximately how many
hours per year will the solar panels need to operate to enable this
project to break even?
If the solar panels can operate only for 8,822 hours a year at
maximum, the project would/would not break even.
Continue to assume that the solar panels can operate only for
8,822 hours a year at maximum.
In order for the project to at least break even, the university
would need a grant of at least _.
parking garage. These panels will have a capacity of 200 kilowatts
(kW) and have a life expectancy of 20 years. Suppose that the
discount rate is 30%, that electricity can be purchased at $0.20
per kilowatt-hour (kWh), and that the marginal cost of electricity
production using the solar panels is zero. Approximately how many
hours per year will the solar panels need to operate to enable this
project to break even?
If the solar panels can operate only for 8,822 hours a year at
maximum, the project would/would not break even.
Continue to assume that the solar panels can operate only for
8,822 hours a year at maximum.
In order for the project to at least break even, the university
would need a grant of at least _.