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A homeowner in Hawaii is considering a 5kW PV system. The total system cost for PV is around $18000 in Hawaii. However, the state pays
A homeowner in Hawaii is considering a 5kW PV system. The total system cost for PV is around $18000 in Hawaii. However, the state pays a tax credit of 30% on the system cost. The electricity cost is 0.35$/kWh. What will be the payback period for the homeowner in years? Assume the capacity factor to be 0.18
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