Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. julie is considering installing solar photovoltaic

Julie is considering installing solar photovoltaic panels on the roof of her house. Her monthly...

60.1K

Verified Solution

Question

Basic Math

image

Julie is considering installing solar photovoltaic panels on the roof of her house. Her monthly electricity bills currently average $80. The cost of installing aphotovoltaic system is $19,000; however, she expects a 35% reduction in this cost due to tax credits and local rebates. Assuming all of her electrical needs are metby the new system and neglecting possible revenue when the system puts electricity back into the grid, what is the approximate payback period for the photovoltaicsystem?The photovoltaic panels will pay for themselves in approximately months.(Round your answer to the nearest whole number as needed.)*****

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The following are option price quotations for The North West Company on July 27, 2019: The North...

Finance
Q

Since 1735, the Linnaean classification system has been the basic system for all taxonomy in...

Biology
Q

The differential equation dy dx O A y Cekt OB y C x 4 O...

Calculus
Q

how do you record sold merchandise for 91,500 under terms 1/10, n/30 on a financial...

Accounting
Q

Novak Company's sales budget projects unit sales of part 1982 of 9,600 units in January,...

Accounting
Q

the cash account of blue horizon ltd showed a balance of $25,000 on march march...

Accounting
Q

Review the new 2023 Convergence of Accounting Standards and examine the financial statements of the...

Accounting
Q

REQUIRED 2.1 Calculate the ratios that reflect the following for 2022 only. Express the answers...

Accounting
Q

The following graph is from Welton Associates. Required: Fill in the missing amounts for (a)...

Accounting
Q

First Bank of Gotham October 2,2020' Pay to the Order of : Joker...

Accounting
Q

1. Find the accumulated value of monthly payments of $60 at the end of each...

Accounting
Q

Q1: Determine the present worth of option a and b. Q2: Which option should...

Finance