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What is the irr

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Question - You are considering buying solar photovoltaic panels for your home.

Your current monthly energy bills average $125.

Your panels are expected to be serviceable for 30 years.

The panels would cost $18,000 upfront.

The panels would supply all the electricity you need.

There is a 26% federal tax break this year for renewable energy purchases.

Required -

1. What is the IRR (write as a percentage)?

2. Is it a good idea (Yes or No, based on IRR)?

Reference no: EM133046241

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