Table 6.

Economic parameters.

Parameter	Value
Discount rate	3%a
Inflation rate	5% a
Life Period	30-yearb
Cost of Electricity	9.845 CA¢/kWh (7.1 US¢/kWh) ≤ 1600 kWh/monthc and 15.198 CA ¢/kWh (10.90 US¢/kWh) > 1600 kWh monthc
Cost of Natural Gas	1.141 CA$/GJd (0.81 US$/GJ)

^aDiscount and inflation rates are in accordance with (International Monetary Fund, 2016; Snodgrass, 2003).

^bLife period of 30-year is adopted in accordance with amortization period for Canadian homes (CMHC, 2019)

^cElectricity tier rates based on FortisBC rates (FortisBC, 2017).

^dNatural gas rates based on FortisBC rates (FortisBC, 2017).