You install solar power in your home, and the solar panel costs $500 and is capable of producing 3 Million joules of energy each day. If electrical costs are $0.15/kilowatt hour, a kilowatt is equal to 1000 watts, and there are 3600 joules in 1 watt hour, how long will it take for the solar panel to pay for itself in electrical savings?

College Physics
11th Edition
ISBN:9781305952300
Author:Raymond A. Serway, Chris Vuille
Publisher:Raymond A. Serway, Chris Vuille
Chapter1: Units, Trigonometry. And Vectors
Section: Chapter Questions
Problem 1CQ: Estimate the order of magnitude of the length, in meters, of each of the following; (a) a mouse, (b)...
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You install solar power in your home, and the solar panel costs $500 and is capable of producing 3 Million joules of energy each day. If electrical costs are $0.15/kilowatt hour, a kilowatt is equal to 1000 watts, and there are 3600 joules in 1 watt hour, how long will it take for the solar panel to pay for itself in electrical savings?

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