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A solar energy home solution company manufactures, sells, and installs integrated battery systems that Produce electricity using solar panels installed on roofs Stores this electricity

A solar energy home solution company manufactures, sells, and installs integrated battery systems that

  1. Produce electricity using solar panels installed on roofs
  2. Stores this electricity in batteries for usage when not producing (night, cloudy days, winter)
  3. Can use the battery store power during outage
  4. Allows for electricity barter

What are strategies and pointers to convince homeowners to adopt this new technology. Provide TEV Analysis to consider the economic values and the phycological values. Use following facts for TEV calculation:

  1. Home uses 850 kWHr per month. Electricity currently costs $0.10 per kWhr + $50/month fixed fees mandated by government for grid maintenance.
  2. Assume a carbon neutral home with no need for electricity bartering. This will require 15kW solar panel costing $40,000 and batteries large enough to store electricity for two days of use $22,000. These prices include installation.
  3. For sake of simplicity assume uniform power consumption across the year. The system has an expected age of 25 years (for sake of simplicity assume no battery degradation and no maintenance).
  4. The US federal government currently offer a 30% rebate of the cost of this system.

Provide your references.

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