1. Problem Recognition, Definition and Evaluation
With increasing electricity rate, I am planning to install a photovoltaic solar panels system on my house. I want to investigate which PV arrangement will provide me with a good investment. For that I use the tool mentioned in Engineering Economy Engineering Book, chapter 5, Introducing Concept of Minimum Attractive Rate of Return (MARR) and Internal Rate of Return (IRR), page 178-211,
The electricity price increases is shown at Figure 1.
Figure 1. Electricity rate increase (WA Gov. Department of Finance)
Simatupang AACE 2014 