Question
Provide TEV Analysis to consider the economic values of solar energy home technology. Use following facts for TEV calculation: Home uses 850 kWHr per month.
Provide TEV Analysis to consider the economic values of solar energy home technology. Use following facts for TEV calculation:
- Home uses 850 kWHr per month. Electricity currently costs $0.10 per kWhr + $50/month fixed fees mandated by government for grid maintenance.
- 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.
- 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).
- The US federal government currently offer a 30% rebate of the cost of this system.
Step by Step Solution
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Step: 1
To calculate the Total Economic Value TEV of the solar energy home technology we need to compare the costs and benefits of the system over its expected life The costs of the system include the initial ...
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Intermediate Accounting
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
