Question

Express your thoughts on the cost effectiveness of solar power. If you were a manager, would...

Express your thoughts on the cost effectiveness of solar power. If you were a manager, would you be for or against solar? Defend your position!

Homework Answers

Answer #1

According to me,solar power is cost effective or not,it depends on the place it is going to be installed.In some places, it is cost effective and in others it is not.Some factors which determines cost effectiveness of solar power in a particular place are the following:

1)Sunny climate which helps in more power generation

2)Tax credits in that country

3)Cost of conventional electricity

4)Alternate power source available

5)Requirement of power

But overall we can see it as an alternative source of energy because it is envirnomental friendly way of electricity generation.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Suppose you were asked to evaluate the effectiveness of the United Nations. What position would you...
Suppose you were asked to evaluate the effectiveness of the United Nations. What position would you take and what evidence would you use to support this position?
You work for Midstates Solar Power. A manager asked you to determine which of the following...
You work for Midstates Solar Power. A manager asked you to determine which of the following two machines will have the lower (a) capital recovery and (b) equivalent annual total cost. Machine Semi2 has a first cost of $100,000 and an operating cost of $21,000 in year 1, increasing by $500 per year through year 5, after which time it will have a salvage value of $13,000. Machine Auto1 has a first cost of $65,000 and an operating cost of...
A model cost/benefit analysis of solar power. The main ingredients of this analysis are the power...
A model cost/benefit analysis of solar power. The main ingredients of this analysis are the power used (required) and the power delivered. For a simple model we want to use broader averages. Used: An American home has an average power use of 1.2 kW. That means that considering all of the daily variation, the difference between night and day and the seasons, etc., the average at any given second is 1.2 kJ per sec = 1.2 kW. Delivered: The home...
6. How would you, as an organizational manager, avoid putting your colleagues in a position where...
6. How would you, as an organizational manager, avoid putting your colleagues in a position where they feel they have no useful, organizational power?
You are a manager of company with market power, and your demand and cost functions are...
You are a manager of company with market power, and your demand and cost functions are given by: Q = 142,000 – 500P + 6M – 400PR and C(Q) = 500,000 + 200Q – 0.024Q2 + 0.000006Q2 Where Q is the amount demanded, P is price, M is income, and PR is the price of a related good. The estimated values for M and PRare $25,000 and $200, respectively. a. What is the profit maximizing (or loss minimizing) output for...
If you were to build a power plant, which fuel would you base your plant on...
If you were to build a power plant, which fuel would you base your plant on and why? Draw a neat sketch of your plant.
An alternate solar power system has a guaranteed service life of 25 years, an initial cost...
An alternate solar power system has a guaranteed service life of 25 years, an initial cost of $8000 and the same estimated saving of $600 per year for the home electrical power bill. Find the approximate IRR (i*) to nearest whole percent. Same solar power system as in question 1. The homeowner decides to sell the house when the system has an expected remaining service life of 15 years. The initial investment of $8000 is considered a sunk cost that...
. As a manager, would you prefer your business to be in a monopoly position or...
. As a manager, would you prefer your business to be in a monopoly position or a perfectly competitive market? Why? Support your views with examples. (In a written text please, not a pic)
Which of the following time series would be an excellent candidate if you were looking to...
Which of the following time series would be an excellent candidate if you were looking to show a trend in the data? total solar power generated at a certain site each month over a span of years total solar power generated at a certain site each year over a span of several years total solar power generated each noon minute over the course of an hour, as a sequence of storm clouds pass overhead total solar power generated at a...
Suppose your monthly electrical usage is 950 kWh. You want to use a solar panel system...
Suppose your monthly electrical usage is 950 kWh. You want to use a solar panel system to generate your own power and the solar panels that can produce 240 W costs $250 per panel. There will be an add-on cost of 25% on the cost of the panels for accessories and installation. Assuming that a month is of 30 days and each day you have an average of 5 hours of sunlight, determine the number of months that it will...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT