How much can a homeowner afford to spend

Reference no: EM13258991

a geothermal heat pump can save up to 80% of the annual heating and cooling bills of a certain home in the northeastern U.S. In this region, the yearly cost of conventionally heating and cooling a 2,000 square foot house is about $2500. With a federal tax credit of 30% on the total installation of the system, how much can a homeowner afford to spend for a geothermal heat pump if the interest rate is 9% per year? The expected life of the heat pump is 15 years.

Reference no: EM13258991

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How much can a homeowner afford to spend : how much can a homeowner afford to spend for a geothermal heat pump if the interest rate is 9% per year? The expected life of the heat pump is 15 years.

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