Your friend tries to evaluate the idea of installing solar roof and asks for your advice. The

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Your friend tries to evaluate the idea of installing solar roof and asks for your advice. The initial costs including materials and installation are estimated to be $18,000. It will generate enough electricity for the entire household for the next 30 years. The monthly maintenance costs about $10 for the solar roof. Without the solar roof, your friend pays about $150 on electricity bill every month. Assume the annual cost of 8%. What is the equivalent monthly cost for solar roof? What is the monthly saving or additional cost if going with solar? What would you suggest

Posted Date: May 13, 2024 01:05 AM

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Your friend tries to evaluate the idea of installing solar roof and asks for your advice. The

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To evaluate the costeffectiveness of installing a solar roof we need to compare the monthly cost of ... View the full answer

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