Linda is considering using solar power for her new house, Ask an Expert

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Linda is considering using solar power for her new house. The solar panel that she is looking into contains four cells and can generate 80 milliwatts per square inch for 6 hours on an average day. Assume that all appliances she wants to power with solar electricity consume on average 900 watts per hour. The solar panel she is looking into costs around $73 per square feet plus additional costs of $600 for accessories and installation and will last for 6 years. Alternatively, she can purchase from the power grid at 44 cents per 100 watt-hours per day. Should Linda use the solar power system?

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Financial Management, Finance

Category:- Financial Management
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