Suppose the average cost of electricity is $0.25/kwh. Solar panels cost $100/sq ft and you want to install 300 sq ft of solar panels. Assume each square foot of solar panels produces 20 kwh ever year. Further, assume government tax incentives pay for 50 % of the initial cost. Round answers to 2 decimal places, if necessary.
A. Find the cost to install the 300 ft 2 of solar panels. Remember to reduce the cost for the government tax incentives The cost to install is $
B. Find a function for the amount of money saved by using the solar panels, where t represents the number of years. Preview
C. Find the break-even point for when the solar panels pay off their original cost. The break even point is at years.