Question: Light emitting diode ( LEDs ) light bulbs have become required in recent years, but do they make financial sense? Suppose a typical 6 0
Light emitting diode LEDs light bulbs have become required in recent years, but do they make financial sense? Suppose a typical watt incandescent light bulb costs $ and lasts for hours. A watt LED, which provides the same light, costs $ and lasts for hours. A kilowatt hour of electricity costs $ A kilowatthour is watts for hour. However, electricity costs actually vary quite a bit depending on location and user type. An industrial user in West Virginia might pay $ per kilowatthour whereas a residential user in Hawaii might pay $ You require a return of percent and use a light fixture hours per year. What is the breakeven cost per kilowatthour?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
