Calculate the system cost and payback period for a solar PV installation.
Calculation may include a discussion of applicable regulation and legislation at the local, state, and federal levels and
- any state, local, or federal rebates or grants
- loans
- tax credits
- carbon offsets
- savings from an electric bill
- consideration of the cost of energy
- renewable energy credits (RECs).
Process/Skill Questions:
- What are two reliable web sources for calculating payback for a given PV system?
- What are the costs to a complete 6-kilowatt PV system, including installation expenses?
- What are the current discounts and refunds available for PV installations?
- What are the current ways the PV owner can earn money from the renewable energy production?
- What are RECs?
- Where can one find the regulations that govern PV installations?