Completed quickly and followed instructions given. Grammar, spelling, etc. was all good as well. Thank you so much! Will hire in the future.
Hi can someone help me work out this problem? I’m having difficulty understanding the process of answering it. Thanks!:
5-4 Solar Panel Installation
A university spent $1.8 million to install solar
panels atop a parking garage. These panels will
have a capacity of 500 kw, have a life expectancy
of 20 years and suppose the discount rate is 10%.
a. If electricity can be purchased for costs of
$0.10 per kwh, how many hours per year
will the solar panels have to operate to make
this project break even?
b. If efficient systems operate for 2,400 hours
per year, would the project break even?
c. The university is seeking a grant to cover
capital costs. How big of a grant would make
this project worthwhile (to the university)?
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