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A university spent $1.4 million to install solar panels atop a parking garage. These panels will have a capacity of 600 kilowatts (kW) and have a...
It may be easier to think of the present value of operating the solar panels for 1 hour per year first.
Approximately how many hours per year will the solar panels need to operate to enable this project to break even?
- 6,229.25
- 1,916.69
- 4,791.73
If the solar panels can operate only for 4,313 hours a year at maximum, the project (would, or would not)break even.
Continue to assume that the solar panels can operate only for 4,313 hours a year at maximum.
In order for the project to be worthwhile (i.e., at least break even), the university would need a grant of at least 1. 139,870.79 2. 209,806.19 3. 125,883.71 4. 55,948.32
