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Initial Cost of Program $700,000 Life of Solar Panels 30 years Annual Savings $33,000 per year Variable Cost $1,000 per year What are the net

Initial Cost of Program $700,000

Life of Solar Panels 30 years

Annual Savings $33,000 per year

Variable Cost $1,000 per year

What are the net savings per year?

What are the total savings over 30 years?

What is the net profit (loss) from the solar panels?

How many years (round to one decimal) will it take to recoup the initial investment?

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