5-59. In southern California a photovoltaic (PV) system for a certain home costs $28,000 for parts and

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5-59. In southern California a photovoltaic (PV)

system for a certain home costs $28,000 for parts and installation. This 6.1 kW system requires 350 ft2 of rooftop space and has an estimated life of 20 years.

a. If this PV system saves $200 each month in electricity expenses, what is the simple payback period in months? (5.8)

b. If themarket value of the PV system is negligible, what is the system’s IRR? (5.6)

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Engineering Economy

ISBN: 9781292265001

17th Global Edition

Authors: William G. Sullivan ,Elin M. Wicks ,C. Patrick Koelling

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Question Posted: Oct 25, 2024 11:00 AM

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5-59. In southern California a photovoltaic (PV) system for a certain home costs $28,000 for parts and

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Engineering Economy

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