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 Solar Panel for House, Have you install?

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MGM
post Nov 13 2020, 11:28 AM

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QUOTE(okyjace @ Nov 13 2020, 09:33 AM)
My father installed many years ago. Cost is constantly falling, so best for you to just call one of the many installers for a quote. He doesn't clean the panels, so dirt buildup has increased the power degradation. I suggest not to think of it in terms of dollars and cents because the difference is negligible. Best to think of it as doing your bit to save the environment by reducing your carbon footprint. If you got some spare cash lying around, then why not.
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An added benefit of installing solar panels on roof area that discourage break-in from roof.
MGM
post Jan 26 2021, 12:19 PM

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QUOTE(etan26 @ Jan 26 2021, 12:13 PM)
Brudder, now so cheap already ......
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Isnt yours cheaper only rm3247/kWp?
MGM
post Feb 7 2021, 06:31 PM

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QUOTE(johnnyg @ Feb 7 2021, 03:47 PM)
One vendor informed another package. Pay 30% and vendor will install the system at your home. Your bill discounted by 30%. Anytime want to buy over can be done. Haven’t got the details yet on this.
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If 30% is their cost, they r using u to make money for them, very good biz.
MGM
post Oct 19 2022, 02:21 PM

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QUOTE(darren486 @ Oct 19 2022, 11:53 AM)
i've just finished installing it on end August with verdant solar, they settle everything from SEDA application to intallation for a 15 panel unit, total cost was 27k, last month 1 full month was able to cut down about RM 350 from usage
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So it will take ~6.5 years to recoup back the cost. Not bad. thumbsup.gif
MGM
post Dec 5 2023, 09:46 AM

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QUOTE(alexei @ Dec 5 2023, 09:37 AM)
What we're thought, is that solar price will decrease and duration to ROI will decrease. This was correct, but the ROI heavily depended on the scheme provided by TNB. Last time, RM10~12k/kW now Rm4~5k/kW. Solar price did go down, but ROI was longer.

Moving forward, solar price will keep going down, or the technology gets better. Electricity tariff heavily depends on cost of fuel, and subsidy. Right now, fuel subsidy and electricity subsidy is going to cut. Biggest question will be, what is the NEM to discount ratio? The economics of solar will 'self balance' between solar vendors pricing vs TNB scheme. Otherwise, everybody will rush to installing solar and we end up like Australia.

In short, I foresee ROI will maintain between 7~10 years no matter the solar technology or pricing, unless something distruptive comes along.
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What if u factor in the fuel saved by using EV instead of ICE, assuming EV like BYD Seagull cost only rm80k?

MGM
post Dec 5 2023, 10:19 AM

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QUOTE(alexei @ Dec 5 2023, 09:47 AM)
MGM

So, example, if I drive 10k km per year.
That's RM2050 petrol, vs RM1230 electricity.
Savings is RM820 in petrol per year.

Depending on what else wanna factor in from the car maintenance vs EV maintenance... oil change, engine parts, major service every 50/100k km, also, petrol subsidy might be going away... the ROI calculation gets interesting push towards adopting solar and EV
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I think someone in MY mentioned that if factor in EV, ROI could shortened to 4 to 5 years. Will be even shorter if govt reduces subsidies for petrol n electricity in 2024.
MGM
post Dec 5 2023, 10:42 AM

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QUOTE(alexei @ Dec 5 2023, 10:29 AM)
The consumption also varies by car, I'm sure, just don't have the numbers
the savings formula should be simple, such as RM8 savings per 100km

Unrealistically speaking, if use the EV and drives 100k km per year (274km daily), the minimum savings is RM8k per year. That's almost ROI for a 2kW system.
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Good for Grab drivers then.
MGM
post Dec 7 2023, 08:54 AM

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No wonder 50% of houses in Adelaide installed with solar panel systems, lots of sun n blue sky.
MGM
post Jan 17 2024, 06:47 PM

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Is this for real, 1000x better? If yes, can Solar powered EV.

https://www.thebrighterside.news/post/groun...ditional-panels

This post has been edited by MGM: Jan 17 2024, 06:48 PM

 

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