Question
You are considering installing solar panels on your Colorado home. According to solarreviews.com a 6kW system will cost $19,054 to purchase and install in time
You are considering installing solar panels on your Colorado home. According to solarreviews.com a 6kW system will cost $19,054 to purchase and install in time period zero. Your current energy bill through excel energy is $162 per month. After you install the solar panels on your home your energy bill is anticipated to be $32 per month. Use a nominal 6% interest rate compounded monthly to calculate the PWC of each option, then find the incremental NPV and interpret your findings. Use a ten-year analysis to make your present worth cost findings.
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