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As previously discussed, it suggests that using CFLs is a good idea from a purely financial perspective unless you live in an area where power is relatively inexpensive, but there is another wrinkle. Suppose you have a residence with a lot of incandescent bulbs that are used on average 500 hours a year. The average bulb will be about halfway through its life, so it will have 500 hours remaining (and you can’t tell which bulbs are older or newer). At what cost per kilowatt-hour does it make sense to replace your incandescent bulbs today?
Solution
VerifiedFor this problem, we will be calculating the cost per kilowatt-hour wherein it would be acceptable to replace a halfway used incandescent light bulb with a compact fluorescent light. The given figures used in this problem are from the previous problem, problem 25.
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