Provide TEV Analysis to consider the economic values of solar energy home technology. Use following facts for
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Provide TEV Analysis to consider the economic values of solar energy home technology. Use following facts for TEV calculation:
- Home uses 850 kWHr per month. Electricity currently costs $0.10 per kWhr + $50/month fixed fees mandated by government for grid maintenance.
- Assume a carbon neutral home with no need for electricity bartering. This will require 15kW solar panel costing $40,000 and batteries large enough to store electricity for two days of use $22,000. These prices include installation.
- For sake of simplicity assume uniform power consumption across the year. The system has an expected age of 25 years (for sake of simplicity assume no battery degradation and no maintenance).
- The US federal government currently offer a 30% rebate of the cost of this system.
Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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