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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
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
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