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 Solar Panel for House, Have you install?

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narf03
post Nov 9 2020, 01:24 PM

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did consider, but risk is too high, not worth the effort.

if everything according to plan, it takes 10 years to ROI. and there is no perfect guarantee it will last 10 years, and how much longer it can last after 10 years. cost of the solar panel will keep decreasing and efficiency of panels will keep increasing, in short, the later you install the faster you cover your investment. like maybe 5 years from now, it only take you 2 years to recover your investment(just blindly guess).

major part of the investment is the storage, aka batteries, if you able to strike a deal with tnb, allowing you to connect your solar into tnb(reverse the meter when your solar generate more than your usage) and without batteries, it can be alot cheaper, lesser problems, and more worth it.

technically still not a good investment for money, unless you have so much money and no where else to spend, better dont do it, price of electricity in malaysia isnt that high yet until you need to do that, if 1 day our electricity cost double, then your ROI will shorten, then you can reconsider.
narf03
post Nov 9 2020, 02:20 PM

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QUOTE(atong @ Nov 9 2020, 01:34 PM)
That is different for what I have. It takes around 3-4 years for ROI. You don't need battery if you don't want to. The installer company will apply the license for you. i literally doing nothing on that part. The power will go to the TNB grid. In fact, TNB will come and install new meter for you. The solar panel is cheap and most company provide warranty around 20 years.
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Doesn't really make sense to get ROI in 3-4 years. Average cost to install like 35k, if 4 years ROI means you need not to pay electricity bill for the entire 4 years and you are supposed to pay like 35k/48= rm729 monthly.
narf03
post May 8 2023, 02:29 PM

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Which fellow dig out this long dead thread? TS asked this like 3 years ago, should check if TS still alive first
narf03
post Nov 20 2023, 03:03 PM

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QUOTE(acbc @ Nov 9 2020, 01:07 PM)
I read somewhere the ROI is between 9-10 years.
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Usually after 10 years u have to replace this and that already
narf03
post Nov 22 2023, 08:04 AM

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QUOTE(bee88 @ Nov 22 2023, 07:47 AM)
By then already untung double kaw kaw dy.

But replacement is just a remote possibility. Panel not going to be replaced. Most likely inverter if it’s broken after warranty period.
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it really depends on what rate u are paying.

user posted image

this is my bill

the 1st 200 unit is at RM0.218 per KW, its very very cheap

the next 100 unit at RM0.334 per KW, sudden 50%+ increment over the 1st 200 unit

then the next 300 unit at RM0.516 per KW, which is 2.36x compare to the 1st 200 unit

i believe there are 2 more category after the 0.516, the max should be very close to RM0.6 per KW, which is about 3 times over the 1st 200 units


now talking about is it worth it or not, depends on how much u are paying for the last category, the RM0.6 per KW, lets say you use alot of power, like 2000 kw, more than 1000KW is from that RM0.6 per KW category, you would like your solar to completely cover that 0.6 category plus maybe the last 2 category.

but if you are only paying first 2 category (<300kW per month), then its NOT WORTH IT, 100% conQlanfirm.
narf03
post Nov 22 2023, 08:16 AM

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QUOTE(bee88 @ Nov 22 2023, 08:08 AM)
Yes. Currently it’s very worth it if you hit the last two bracket like me. 

However, the first two brackets aren’t going to be the same rate throughout. There would be adjustment, removal of subsidies and increment depending on govt policy 10 years down the road.
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well if the gov remove subsidy, you can expect sudden spike in solar panel installation and alot of promotion, technically price of installation will also greatly reduced when market kaboom, i would wait for that moment =p

narf03
post Nov 22 2023, 08:48 AM

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QUOTE(bee88 @ Nov 22 2023, 08:46 AM)
Only one problem, NEM is over by then.  No more offset 1:1 by Tnb.
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maybe, maybe not, depends on pressure. when you go green and tnb step in your way, they get alot of pressure.

 

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