Calculate the annualized cost of a solar system for a 10 yr period (t = 10) of analysis if the solar system has the following specifications:

Initial solar cost, Cs,tot= $10,000

Salvage Value = $0

Discount rate, i = 4%

Effective discount rate, i = 4% (no inflation, i = i)

Market loan rate, iloan= 6%

Repairs, Rk= $100/yr

Property tax = 0

Maintenance and insurance = $1,000/yr

Income tax bracket, Tinc = 30%