(2 marks) In Sydney, the average price of installing a 5W solar panel system is $4960. Based on your savings found in Question 8a., how long would it take for you to break even with the costs of installing a solar system for your home?

Use the space below to show your working out and then fill in the table to assist with stating your answer to the question.

Note: You may want to research what 'break even' means.

Paye 8 17KWh XSO. 05/ kwh= $0. 85 per day $0. 85 / day x 365 day / year = $ 310. 25 / year if I was able to export back to the grid every day for a year, I would reduce my yearly electricity bill by approximately $ 310. 25