ASAP............... A resident wants to install a 1200 W PV system on the roof of...
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ASAP............... A resident wants to install a 1200 W PV system on the roof of his/her house. The total system cost is $7,000. The PV system is expected to provide 8000 kWh per year and is expected to last 20 years. The energy from the system will offset the power purchase from the utility which charges 12 cents per kWh and it is expected to escalate with a 2% rate per year. The discount rate for the resident is 10%. Assume that the owner will pay for the system with his own money. i) Determine the net present value of this project ii) Determine the levelized cost of electricity from this PV system per kWh.
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