Math Problem Statement

For customers generating their own solar​ power, a certain power company charges them ​$3 per month per kilowatt​ (kW) of installed capacity and credits them ​$0.03 per​ kilowatt-hour (kWh) for excess electricity they export to the grid. A second power company charges customers a flat rate of ​$20 per month and credits them ​$0.04 per kWh for excess electricity they export to the grid. Determine the monthly bills for customers of both companies for each of the situations below. ​(a) Customer owns a 3​-kW system and exports 150 kWh monthly to the grid. ​(b) Customer owns a 5​-kW system and exports 240 kWh monthly to the grid. Question content area bottom Part 1 ​(a) For the first​ situation, the monthly bill for a customer of the first company is ​$

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Solution

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Math Problem Analysis

Mathematical Concepts

Algebra
Linear Equations
Unit Conversions

Formulas

Monthly Bill = (Cost per kW × Installed Capacity) - (Credit per kWh × Exported kWh)
Monthly Bill = Flat Rate - (Credit per kWh × Exported kWh)

Theorems

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Suitable Grade Level

Grades 9-12