- #1
Mukilab
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The question: Electricity supplied from the National Grid costs 8p per kWh.
A householder is considering installing solar cell panels. The household uses 4000 kWh of electricity each year. The cost of installing a solar cell panel is £6400 per kW
What is the payback time?
The answer is 40 years however I got 20 by doing the following.
I first worked out the total cost which I got as £320 = 4000kWh * £0.08 , this is per year
Then I just did £6400 / £320 to get 20 years.
How can you get 40? And where did I go wrong? I'd be very thankful for any help.
On another note... how do I use Latex in this forum? It just comes up with a box... do I have to do the latex tags myself?
A householder is considering installing solar cell panels. The household uses 4000 kWh of electricity each year. The cost of installing a solar cell panel is £6400 per kW
What is the payback time?
The answer is 40 years however I got 20 by doing the following.
I first worked out the total cost which I got as £320 = 4000kWh * £0.08 , this is per year
Then I just did £6400 / £320 to get 20 years.
How can you get 40? And where did I go wrong? I'd be very thankful for any help.
On another note... how do I use Latex in this forum? It just comes up with a box... do I have to do the latex tags myself?