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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A 2 kW photovoltaic (PV) system with capacity factor 0.20 costs $8000 after various incentives have been accounted for. It is to be paid for with a 5%, 20-year loan. Since the household has a net income of $130,000 per year, their marginal federal tax bracket is 30.5%.
a. Do a calculation by hand to find the cost of PV electricity in the first year.
b. Set up a spreadsheet to show the annual cash flow and annual ¢/kWh for this system. What is the cost of PV electricity in the 20th year?
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