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Solar Power Generation, for home use/sell back to tnb
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slec
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Jun 28 2020, 12:28 PM
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New Member
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hi guys after reading a few pages of this thread, is it safe to conclude the following points:
1. Solar power is more so for saving the environment and environmentally conscience consumer? 2. Using RM50k and putting that in an investment that comes with a 6% return per annum would safe you more money than waiting for 6-8 years for ROI on the electricity saving?
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slec
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Jun 30 2020, 07:53 AM
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New Member
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QUOTE(Two5Kid @ Jun 30 2020, 12:19 AM) 1. Yes. Here in Malaysia it is so. 2. Don't see it as an investment unless your usage is super high, like if your electricity bills around RM600-700 and above. Thank you for your response! I meant that instead of using rm50k to build solar power generation, put that rm50k into an investment. The returns from the investment will generate more savings as compared to savings generated from solar power.
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slec
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Jun 30 2020, 09:28 AM
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New Member
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QUOTE(yushin @ Jun 30 2020, 08:28 AM) In theory investment is better as 6% profit stack on year on year compare to solar panel that gradually diminishes its efficiency over the logical 25 years, also replacement for broken parts. But why solar install base increase year on year? There must be some reason that I have missed out. Power stability? Yearly electric bill increase? Hobi kita mahal? 50k can install very big solar liao. 10kw+ if i remember correctly. That is what I am trying to find out also, as for now, the cost for installing coupled with depreciating value + maintenance versus the savings generated is not significant enough.
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slec
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Jun 30 2020, 09:31 AM
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New Member
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QUOTE(Two5Kid @ Jun 30 2020, 08:57 AM) I'm not sure what the general public thinks about solar. For me, I have a 12kwh battery at home for daily usage and for emergency usage (which haven't happened so far) but during the MCO, my bills for 4 months in total was only RM200/month. Compared to what I have seen from social media, I think I wasn't being cheated by TNB. I stay in a 5000sqft house with 4 adults and 2 children. All fully WFH with the inclusion of additional baking/cooking. And because of the MCO, the TNB NET Metering couldn't install their system, but they will do so next month. And for that, I'm not sure what will be the additional saving but according to my calculations, unless the electricity tariff increase, basically installing a solar system is not really worth it. Your mileage may vary but I think it all comes down to what do you intend to use it for? Mine is for disasters and emergencies, my area is prone to flooding during the monsoon season. Other than that, I really hope that one of the elected government in the future will start to give rebate or restart the FiT system again. 50k I think yes, you can install quite a big system already, maybe enough to make sure you don't have to pay your bills. Say if your bills are RM400/month, a year will be RM4800, need 10 years before you get your money's worth. By then the system already depreciated. Hi there, but to challenge that idea is, say disaster really happen, how long can 12kwh battery actually last? What is the cost of installing the solar power? Would it be better to buy a generator instead? Say disaster only happen 10 years later will the efficiency of the solar generator still be good? The idea of saving the environment or at least reduce my carbon footprint is nudging me but the cost just doesn't justify the means.
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slec
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Jun 30 2020, 09:37 AM
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New Member
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QUOTE(ozak @ Jun 30 2020, 09:31 AM) You can go in here to check is your investment worth it. --> https://services.seda.gov.my/nemcalculator/#/But don't take 100%. 70-80% from it and compare 50k others investment. For me, solar power return is not high. Just a hobby. I would rather take 50k to invest. Can get more than 6% anytime. Thank you for your input, 6% return on investment for more Conservative number Hahaha
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slec
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Jun 30 2020, 09:38 AM
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New Member
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QUOTE(yushin @ Jun 30 2020, 09:36 AM) Ya... hobi kita mahal hahaha  No hobby too mahal! One small watch also can be more than solar generator hahha no money on my side to have any big hobby, collect stamp ok
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slec
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Jun 30 2020, 09:48 AM
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New Member
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QUOTE(ozak @ Jun 30 2020, 09:46 AM) Even conservative also more than 6%. Take maybank for example. If that's the case, understood on solar generator already! Thanks for input guys!
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slec
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Jun 30 2020, 09:50 AM
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New Member
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QUOTE(Two5Kid @ Jun 30 2020, 09:48 AM) That's a good question, haven't tried it but for me during a disaster most likely daytime I do not need to use any power, unless for boiling water or cooking (gas stove). Say just turn on some fans and make sure the refrigerator stays on. Then night time some lights, maybe charge the phone. I think can last for a while. And don't forget, next day the sun rises and the solar battery is being recharged again. So I think I'm pretty much covered, unless the disaster is the sun goes out. I agree with the fact that this is a hobby (because this is Malaysia), in an ideal world, I hope that the government can give us a tax rebate for having solar, or that we get the FiT system back but there you go, that's the ideal situation. Actually the NET Metering isn't that bad, you can even lease the solar panels, so they aren't yours but they are actually helping you save on your electricity bills. Yeap! Will be monitoring this thread for the day solar is really a viable option! Good and productive input!
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