A homeowner paid 4000 for a solar water heater and received


A homeowner paid $4000 for a solar water heater and received a tax credit of 30%. The system saves $450 per year. Find a simple payback time. Assuming a discount rate of 5%, find the payback time based on the PW analysis.

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Mechanical Engineering: A homeowner paid 4000 for a solar water heater and received
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