Answer:
It will need 176 months (almost 15 years) to payback without considering the time value of money
Explanation:
cost of a typical construction:
1,800 square feet x $130 per square fet = $234,000
the ICF is 10% more expensive:
$34,000 x 1.10 = $257,400
additional cost: $27,400
then the heat cost is $260 and it will be 60% less :
$260 - 60% =$260 x( 1 - 0.6) = $104
savigns $260 - $104 = $156
we now divide the additional cost over the saving per month.
$27,400 / 156 saving per month = 175,641025 = 176 months