Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Correct answer required An environmentally friendly 2,900 -square-foot green home ( 99% air tight) costs about 9% more to construct than a same-sized conventional home.
Correct answer required
An environmentally friendly 2,900 -square-foot green home ( 99% air tight) costs about 9% more to construct than a same-sized conventional home. Most green homes can save 15% per year on energy expenses to heat and cool the living space. For a $266,000 conventional home with a heating and cooling bill of $3,000 per year, how much would have to be saved in energy expenses per year to justify this home (i.e., B-C ratio greater than or equal to one)? The discount rate is 11% per year, and the expected life of the home is 24 years. Click the icon to view the interest and annuity table for discrete compounding when the MARR is 11% per year. would have to be saved in energy expenses per year to justify this home. (Round to the nearest dollar.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started