$20 Bonus + 25% OFF
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

ECON131 Quantitative Methods In Economics Business And Finance

tag 0 Download7 Pages / 1,701 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT


You may assume that electricity prices remain constant, and inflation can be ignored. Assume the power generated by the solar panels is the same year-round.

  1. Which is the cheapest solar system type that would provide 50% of the family electricity consumption?
  2. Assuming that the solar system performs as advertised, what is the family’s quarterly bill from its energy provider? Assume there are 91 days in a quarter.
  3. Using an annual discount rate of 5.15% and ignoring inflation, what is the present value of 15 years’ worth of electricity bills?
  4. Other than buying solar panels, what is the quarterly cost of the next best alternative, which still provides 50% renewable energy?
  1. What is the present value of 30 years’ worth of this solution? Again, ignore inflation, and use a discount rate of 5.15%.
  2. Conditional on using at least 50% renewable energy, what is the net present value (NPV) of purchasing the solar panel system named in question (1)? Hint: to answer this question you will need to consider the present value of renewable energy sources and the present value residual electricity bills along with any associated installation costs.
  3. Interpret your result from question (6). Is buying solar panels a good idea? Explain your answer.
  4. Under the same assumptions as above, assume the family is not committed to purchasing renewable energy (i.e. the family is happy with consuming non-renewable energy from the grid.) What is the NPV of purchasing solar panels now?
  5. Will the family in question (8) purchase the solar panel system named in question (1)?
  6. Some governments have offered subsidies to consumers to install solar panels in their homes. Why?
Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

Unique Document

Under Evaluation

Get Money
into Your Wallet

Total 7 pages, 1 USD Per Page

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2021). Quantitative Methods In Economics Business And Finance. Retrieved from https://myassignmenthelp.com/free-samples/econ131-quantitative-methods-in-economics-business-and-finance/solar-panels-investment.html.

My Assignment Help (2021) Quantitative Methods In Economics Business And Finance [Online]. Available from: https://myassignmenthelp.com/free-samples/econ131-quantitative-methods-in-economics-business-and-finance/solar-panels-investment.html
[Accessed 22 September 2021].

My Assignment Help. 'Quantitative Methods In Economics Business And Finance' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/econ131-quantitative-methods-in-economics-business-and-finance/solar-panels-investment.html> accessed 22 September 2021.

My Assignment Help. Quantitative Methods In Economics Business And Finance [Internet]. My Assignment Help. 2021 [cited 22 September 2021]. Available from: https://myassignmenthelp.com/free-samples/econ131-quantitative-methods-in-economics-business-and-finance/solar-panels-investment.html.

MyAssignmenthelp.com has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts' teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.

Latest Economics Samples

BUECO5903 Business Economics

Download : 0 | Pages : 3

Answer: The increase in income may lead to an increase in the consumption of pizzas which leads to an increase in the demand curve, the equilibrium price increases as well as the equilibrium quantity. in pizza prices leads to an increase in the quantity demanded for pizza that shifts the demand curve outwards. This leads to an increase in the equilibrium price as well as the equilibrium quantity.  Hamburgers are substitutes to Pizzas, in...

Read More arrow Tags: Australia Merrylands Management International Law of the Sea University of New South Wales 

MAE101 Economic Principles

Download : 0 | Pages : 10

Answers: a) The article ‘Is the Australian dollar overvalued’ by Myriam Robin was published in Sydney Morning Herald on February 10, 2017. The main issue of the article was an analysis of the value of the Australian dollar in recent times. The article starts with the fact that, although the Australian dollar is one of the best performing currencies of the world, economists say that trading at the sustainable level does not happen....

Read More arrow

ECO511 Economics For Business

Download : 0 | Pages : 5

Answers: Question 1 As per the relevant details outlined in the question, it is imperative to use Australian Bureau of Statistics (ABS) as the primary data source in order to calculate two significant macroeconomic indicators namely inflation and also the growth in the average weekly wages for period commencing from 2005 and ending in 2015. The various macroeconomic data is presented in the form of catalogues at the ABS website and a particul...

Read More arrow

TECO401 Principles Of Economics

Download : 0 | Pages : 8

Answers: 1. Reduction in alcohol consumption Beer drinking is a part of Australian culture over the years. However, Australian consumers are shifting from beer to other types of alcohol especially wine. Percentage of overall alcohol consumers among the Australian is higher compared to other nations. Due to the having negative health impact on health, Australian government may take policy to reduce alcohol. Effects of two policies such as impo...

Read More arrow Tags: Australia Melbourne Management Production Management University of Melbourne MBA 

ECO511 Economics For Business

Download : 0 | Pages : 7

Answer: Topics: Demand and Supply, Economic Efficiency, and Market Failure and Government Intervention Introduction The article “Australia's 'significant' housing shortage” by David Scutt on 23rd March 2016 presents the condition of Australian real estate market. In the recent years, the demand for houses in Australia has outweighed supply thus creating a shortage in the market. Australia is said to be having a shortage ...

Read More arrow Tags: Australia New South Wales Management UNCC100 Our World: Community and Vulnerability University of New South Wales Masters in Business Admin 

5% Cashback

On APP - grab it while it lasts!

Download app now

*Offer eligible for first 3 orders ordered through app!

callback request mobile
Have any Query?