Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Area Heating Cooling Hot Water Large Appliances Small Appliances Lighting Total Kwhr 34 4,069 2,490 5,337 1,290 1,445 14,665 Therms CO2 40 lb 4,788 lb

Area Heating Cooling Hot Water Large Appliances Small Appliances Lighting Total Kwhr 34 4,069 2,490 5,337 1,290 1,445 14,665 Therms CO2 40 lb 4,788 lb 2,930 lb. 6,280 lb 1,518 lb 1,700 lb 17,256 Elect. Cost $4 $484 $296 $635 $154 $172 $1,745 Gas Cost AASE at your location (value from map times 365) = 1,825 kwhr/m2 AASPO at your location = (AASE divided by 8) = 228.125 kwhr/m2 Size of solar panel needed for your location = Total Kwhr (from table) divided by AASPO = 64.28 m2 Average cost of 1-m2 commercial solar panel = $800 / m2 Estimated cost of home solar system = Size of solar panel x average cost = $51,424 1) The average solar panel system should last about 25-30 years before it needs to be replaced. If you were to keep paying the same cost for electricity that you do now, how does the total cost of a solar system compare to what you will pay over that time span? 2) As oil prices continue to increase, it is expected that all energy costs will go up. If this happens, you can expect to pay more for electricity in the future. If the cost were to double over the next decade, how would this affect your answer to question 1

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction to the Mathematics of financial Derivatives

Authors: Salih N. Neftci

2nd Edition

978-0125153928, 9780080478647, 125153929, 978-0123846822

More Books

Students also viewed these Mathematics questions