A 10 kW photovoltaic system generates 14,000 kWh per year. Its initial installed cost is...
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A 10 kW photovoltaic system generates 14,000 kWh per year. Its initial installed cost is $30,000 and it is financed at 2%. The annual operation and maintenance cost is $200. The system is expected to last 30 years and its replacement cost will be $15,000. There are no incentives. Calculate the cost of energy generated by this system.
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