If the system costs $110,103, how many years would it take to pay off the investment? Assume the energy is worth $83 per day. Assume there are 314 operational days per year (the rest are maintenance days).
Question
If the system costs 83 per day. Assume there are 314 operational days per year (the rest are maintenance days).
Solution
To calculate the number of years it would take to pay off the investment, we need to first determine how much money is made in a year.
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Calculate the annual income: Multiply the daily income by the number of operational days in a year. 26,162/year.
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Calculate the number of years to pay off the investment: Divide the total cost of the system by the annual income. 26,162/year = approximately 4.21 years.
So, it would take approximately 4.21 years to pay off the investment.
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