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3. A 3 kW rooftop photolytic system that cost $ 3/Wp generate 4200 kWh/yr. This displaces the need to by the utility power which now

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3. A 3 kW rooftop photolytic system that cost $ 3/Wp generate 4200 kWh/yr. This displaces the need to by the utility power which now cost $ 0.14/kWh. If the utility power escalates at 3%/yr and the system last 25 years (a) Find the simple payback period|| (6) Find the IRR of the investment with the fuel escalation If this is to be added to the 5%, 30 year home mortgage. Find the (c) Capacity Recovery Factor (CRF) (d) Annualloan payment (e) Cost of electricity (f) How you interpret the numbers obtained from part (a) to (e) 3. A 3 kW rooftop photolytic system that cost $ 3/Wp generate 4200 kWh/yr. This displaces the need to by the utility power which now cost $ 0.14/kWh. If the utility power escalates at 3%/yr and the system last 25 years (a) Find the simple payback period|| (6) Find the IRR of the investment with the fuel escalation If this is to be added to the 5%, 30 year home mortgage. Find the (c) Capacity Recovery Factor (CRF) (d) Annualloan payment (e) Cost of electricity (f) How you interpret the numbers obtained from part (a) to (e)

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