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7. Now consider the cost of the svstem in Problem 6. You will finance the...

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Finance

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7. Now consider the cost of the svstem in Problem 6. You will finance the entire cost of the svstem with a loan, and thanks to an interest rate buy down, you are able to obtain the loan at 4% interest. There is a fixed cost of $5000 for the system for which no rebates or tax incentives are available; however, there are rebates available for the PV panels as a function of the number of watts of capacity installed. The cost of the panels is $6/W. Assume an investment lifetime of 20 years, and that the price of electricity remains constant, as measured in constant dollars. What is the dollar amount of rebate required per watt for the system to exactly break even over its lifetime

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