A PV system has a lifetime of 17 years and a capital cost of $2200. It is designed to supply 1550 kWh. It requires replacement of battery every 5 years, which have a cost of $350. The system also have an annual maintenance cost of $10.Find out the LCC of the PV system. (Consider inflation rate as 5%, and discount rate as 7%). Also, calculate the simple payback period if the location at which the PV is installed does not have any grid electricity and the diesel generator supplies the electricity otherwise. Let us consider the cost of electricity from diesel generator is about $0.18 per unit (1 kWh).
A PV system has a lifetime of 17 years and a capital cost of $2200. It is designed to supply 1550 kWh. It requires replacement of battery every 5 years, which have a cost of $350. The system also have an annual maintenance cost of $10.Find out the LCC of the PV system. (Consider inflation rate as 5%, and discount rate as 7%). Also, calculate the simple payback period if the location at which the PV is installed does not have any grid electricity and the diesel generator supplies the electricity otherwise. Let us consider the cost of electricity from diesel generator is about $0.18 per unit (1 kWh).
Introductory Circuit Analysis (13th Edition)
13th Edition
ISBN:9780133923605
Author:Robert L. Boylestad
Publisher:Robert L. Boylestad
Chapter1: Introduction
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Transcribed Image Text:A PV system has a lifetime of 17 years and a capital cost of $2200. It is designed to supply
1550 kWh. It requires replacement of battery every 5 years, which have a cost of $350. The
system also have an annual maintenance cost of $10.Find out the LCC
of the PV system. (Consider inflation rate as 5%, and discount rate as 7%). Also, calculate the
simple payback period if the location at which the PV is installed does not have any grid
electricity and the diesel generator supplies the electricity otherwise. Let us consider the cost of
electricity from diesel generator is about $0.18 per unit (1 kWh).
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