Determine how long the solar system-electric system

Assignment Help Business Economics
Reference no: EM13770984

The installed cost of a conventional electric hot water heater is $200. A family of four uses an average of 300 liters of hot water a day, which will require $350 worth of electricity each year.

The installed cost of two solar panels, a small electric pump, and a storage tank with an auxiliary electric heater is $1,400. It will cost $60 per year on the average for electricity to run the pump and to heat the water on cloudy days. Both systems will have a $0 salvage value at the end of their useful lives.

Based on a MARR of 12%, determine how long the solar system must operate to make it as economical as the electric system.

Reference no: EM13770984

Questions Cloud

Incremental cash flow related to working capital : To estimate the increase in working capital, analysts estimate the ratio of cash and cash-equivalents to revenue to be 0.03 and the ratios of receivables, inventories, and payables to revenue to be 0.05, 0.10, and 0.04, respectively, in the same i..
Nuclear decommissioning fund : Utilities which operate nuclear power plants are required to place funds into a "Nuclear Decommissioning Fund" in order to be sure that adequate funds are available to decommission the plant at the end of its useful life. A certain utility requires $..
Accident prevention plan for company : You are to complete an accident prevention plan for a company. The Complete list of content/sections to be covered is listed in the contents section below. The company profile, which you need to match to the content/sections, is listed in the comp..
Business cycle fluctuations tend to affect output : The industries or sectors of the economy in which business cycle fluctuations tend to affect output the most are:
Determine how long the solar system-electric system : The installed cost of a conventional electric hot water heater is $200. A family of four uses an average of 300 liters of hot water a day, which will require $350 worth of electricity each year.
Explain criminal behavior : In a 1-2 page well constructed essay, discuss Rational Choice Theory as it is used to explain criminal behavior
All interest and closing costs are tax-deductible : A young physician makes $250,000 per year with an annual salary increase of 2%. He is interested in buying a house. He has $130,000 in his savings account. The appraisal value for the house is $600,000. After exhaustive shopping for a mortgage, a ban..
Impact you have on creating renewed resources : Examine the impact you have on creating renewed resources from these recycled items.
The net first cost of purchasing the new gear hobber : A company owns a 8-year old gear hobber that has a book value of $62,000. The present market value of the hobber is $86,000. A new gear hobber can be purchased for $465,000. Using an outsider’s point of view, what is the net first cost of purchasing ..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Changes to campaign finance laws passed

Elucidate why haven't the changes to campaign finance laws passed in 2002 been effective in stopping the flow of soft money

  Mincer model take unequal access

How would equal educational achievement and equal income.

  Explain using a diagram how a tax cut in period two affects

Explain using a diagram how a tax cut in period two affects consumption in both periods. Assume that average consumer does not believe that he/she or anyone in family will ever have to pay higher taxes in future to offset current cuts.

  What are the gains and losses of international trade

What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly.

  Q consider a market where demand is p10-2q and supply is

q. consider a market where demand is p10-2q and supply is pq2. there is a consumption positive externality of 2.5unit

  Explain why did they have differing views on socialism

Explain why did they have differing views on socialism, with Marx being optimistic and Weber being pessimistic.

  Find out equilibrium cost and quantity

Find out equilibrium cost and quantity. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.

  Qa decade ago five firms supplied amateur color film in the

q.a decade ago five firms supplied amateur color film in the united states kodak fuji konica agfa and 3m. from a

  Enrollment in colleges also universities increases

why the enrollment in colleges also universities increases at times of economic recession

  Define implications of breakup for profitability of industry

Compare the market-wide result of the individual perfectly competitive firms' choices of profit-maximizing output level with the choice of the monopolist. Explain the implications of the break-up for the profitability of industry members

  True about the loanable funds market

Which of the following is (are) true about the loanable funds market?

  Dhl prides itself on having its own staff

DHL prides itself on having its own staff of more than 300,000 people spread across the globe, instead of relying on local agents.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd