Question: Question 3 1 pts A net zero solar PV system costs $8000 to install. You are considering purchasing it for your home's roof. On your

 Question 3 1 pts A net zero solar PV system costs

Question 3 1 pts A net zero solar PV system costs $8000 to install. You are considering purchasing it for your home's roof. On your current utility bill each month, you pay an average $125 payment for energy charges and a $10 fixed charge payment ($135/month total). Assuming you would stay on the same tariff and your energy usage would not change, to the nearest tenth of a year what would be the simple payback of the PV system? Please read the question carefully. O 59.3 years O 5.3 years O 4.9 years O 64.0 years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!