What is the payback time on a solar hot-water system that cost$ 5,000? Assume the system reduces electrical energy consumption by 4,000 kWhr each year and ilectricity costs 16 cents per kWhr. O 8 years O 4 years O 12 years O 15 years.

Refrigeration and Air Conditioning Technology (MindTap Course List)
8th Edition
ISBN:9781305578296
Author:John Tomczyk, Eugene Silberstein, Bill Whitman, Bill Johnson
Publisher:John Tomczyk, Eugene Silberstein, Bill Whitman, Bill Johnson
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Problem 27RQ: How many Btu/h would be produced in a 12-kW electricheater?
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What is the payback time on a solar hot-water system that cost$ 5,000? Assume the system reduces electrical energy consumption by 4,000 kWhr each year and ilectricity costs 16 cents per kWhr.

O 8 years

O 4 years

O 12 years

O 15 years.  

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