Focus on the difference between feasible alternatives Insulated concrete forms (ICF) can be used as a substitute for conventional wood framing in building construction. Heating and cooling bills will be about 50% less than in a similar wood-framed building in upstate New York. An ICF home will be approximately 10% more expensive to construct than a wood-framed home. For a typical 2,300 ft^2 home costing $180 ft^2 to construct in upstate New York and costing $230 per month to heat and cool, how many months does it take for a 2,300 ft squared 2 ICF home to pay back its extra construction cost?

Focus on the difference between feasible alternatives Insulated concrete forms (ICF) can be used as a substitute for conventional wood framing in building construction. Heating and cooling bills will be about 50% less than in a similar wood-framed building in upstate New York. An ICF home will be approximately 10% more expensive to construct than a wood-framed home. For a typical 2,300 ft^2 home costing $180 ft^2 to construct in upstate New York and costing $230 per month to heat and cool, how many months does it take for a 2,300 ft squared 2 ICF home to pay back its extra construction cost?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Focus on the difference between feasible
alternatives Insulated concrete forms (1CF)
can be used as a substitute for conventional
wood framing in building construction.
Heating and cooling bills will be about 50%
less than in a similar wood-framed building in
upstate New York. An ICF home will be
approximately 10% more expensive to
construct than a wood-framed home. For a
typical 2,300 ft^2 home costing $180 ft^2 to
construct in upstate New York and costing
$230 per month to heat and cool, how many
months does it take for a 2,300 ft squared 2
ICF home to pay back its extra construction
cost?

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