You would like to change the heat system of you home. If you use a high-efficiency natural gas heating system, you estim

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You Would Like To Change The Heat System Of You Home If You Use A High Efficiency Natural Gas Heating System You Estim 1 (36.87 KiB) Viewed 14 times

You would like to change the heat system of you home. If you use a high-efficiency natural gas heating system, you estimate that the system itself will cost $75,000 to install and it will cost $18,575 a year to operate. A geothermal heat pump would be more expensive to install, costing $160,000 up front, but could be operated for only $5,800 per year. If you replace the heat system to geothermal system, what is the payback period to recover the difference in cost of the two heat systems? A. 6.65 years B. 2.21 years C. 2.13 years D. 0.47 years E. 0.036 years