Solar Powering Her Practice and Portfolio
Dr. Sharma faced a complex decision: whether to invest $65,000 in solar panels for her practice, potentially reducing energy costs and generating carbon credits, versus alternative investments. She needed a clear understanding of the Return on Invested Capital (ROIC) for this energy project to make an informed decision, especially with significant student loan debt.
Using Golden Door Asset's ROIC Calculator, we projected the return on Dr. Sharma's $65,000 investment, factoring in reduced utility bills, potential carbon credit revenue, and tax incentives. The calculator revealed a strong projected ROIC of 12% annually, significantly outperforming her current low-yield savings accounts, making the solar investment an attractive option. We used the Times Interest Earned Ratio calculator to ensure her practice could comfortably handle the debt service if she chose financing.
The ROIC Calculator incorporated data on energy consumption, local utility rates, solar panel efficiency, carbon credit market values, and applicable tax credits. The Times Interest Earned Ratio calculator integrated her practice's financial statements and proposed financing terms.
$12,000 annual return and an estimated $5,000 annually in carbon credits, generating a projected $85,000 gain over the 5-year life of the solar array.
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