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with the help please give answer i will like answer, if I satisfied Q1 70 Points A home in Los Angeles, CA got a rooftop
with the help please give answer i will like answer, if I satisfied
Q1 70 Points A home in Los Angeles, CA got a rooftop grid tied PV system installed based on Feed-in Tariff (FIT) policy mechanism. The roof of the home was south facing with a roof angle of 25. Premium modules were used for the system with a total installed capacity of 5 kWp, having a system cost of $7/Wp. Overall loss and dc-to-ac conversion efficiency of the system were considered to be 15% and 110% respectively. The inverter conversation efficiency was 95%. Suppose the homeowner received state+ federal investment tax credit (i.e. incentive) of 30% of the system cost and the balance of the system cost after the investment tax credit was borrowed from a bank at 4%/yr for 20 years. Now answer the following questions: Q1.2 18 Points Determine total cost of the system, tax credit (incentive) the owner received and the money borrowed. How much the owner has to pay annually to pay back the loan fully in 20 years? Determine the PV electricity sell price to the grid in $/kWh so that the owner can earn enough annually to equal the value of the loan repayment. i.e. this is the rate that the city has to pay to the owner so that his net cash flow is not negative. (Points 2+2+2+7+5 = 18) Please select file(s) Select file(s)Step by Step Solution
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