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 Home solar 4 months in.

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TSnetflix2019
post Oct 3 2023, 10:38 AM, updated 2d ago

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UPDATE 29/02/2024 - THIS IS OLD TERED> PLS READ FAQ BEFORE REPLYING. At this point this post will be used as solar discussion. For those who already installed and enjoying home solar please share your cost and warranty and even installation details for comparison. Will be highly appreciated.

FAQ <---- READ THIS FIRST BEFORE HITTING REPLY BUTTON!!!
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Hi k/

I installed solar panel for my house 4 months ago. Total cost RM47000 for 26 pcs. Don't know the detail much cos not important to me. All i know is they write Jinko solar 550wp.

So far my average bill from RM800+ reduce to RM40-50. That's a whooping 20% return p.a

Isn't it too good to be true investment? What am i missing? why still not many ppl installing the solar since potential return so damn 7 good. Even EPF give guaranteed 5% only. FD is even lower.



drillzzz
Before
user posted image

after
user posted image

user posted image
Highest and lowest yield in a single month.
user posted image
Average sunlight for highest and lowest yield


edit: added correct drillz. messed up the format cos busy at work. fixed it liao.
edit2: added highest and lowest yield drillz. and total amount generated in a single day.

This post has been edited by netflix2019: Feb 29 2024, 11:16 AM
pinkfoxlulu
post Oct 3 2023, 10:40 AM

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From: sunat lazerrrrr


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seiferalmercy
post Oct 3 2023, 10:41 AM

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wait till u have to repairs and maintenance.
darkterror15
post Oct 3 2023, 10:41 AM

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around 5 years for ROI in ur case and not everyone having rm 800 tnb bill.

i rarely hit rm 100 per month
kaiserreich
post Oct 3 2023, 10:41 AM

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QUOTE(netflix2019 @ Oct 3 2023, 10:38 AM)
Hi k/

I installed solar panel for my house 4 months ago. Total cost RM47000 for 26 pcs. Don't know the detail much cos not important to me. All i know is they write Jinko solar 550wp.

So far my average bill from RM800+ reduce to RM40-50. That's a whooping 20% return p.a

Isn't it too good to be true investment? What am i missing? why still not many ppl installing the solar since potential return so damn 7 good. Even EPF give guaranteed 5% only. FD is even lower.
*
Yup, everyone should install solar even though they are staying in apartment, cover entire balcony
Since everyone's TNB bills are 800+, can save a lot.
smallcrab
post Oct 3 2023, 10:42 AM

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800 per month?

High usage worth la


saigetsu
post Oct 3 2023, 10:42 AM

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QUOTE(netflix2019 @ Oct 3 2023, 10:38 AM)
Hi k/

I installed solar panel for my house 4 months ago. Total cost RM47000 for 26 pcs. Don't know the detail much cos not important to me. All i know is they write Jinko solar 550wp.

So far my average bill from RM800+ reduce to RM40-50. That's a whooping 20% return p.a

Isn't it too good to be true investment? What am i missing? why still not many ppl installing the solar since potential return so damn 7 good. Even EPF give guaranteed 5% only. FD is even lower.
*
That 47k is not an asset like house. More like a car. It will be deteriorated. Should include depreciation expenses oso . No to little second hand value.

This post has been edited by saigetsu: Oct 3 2023, 10:42 AM
smsid
post Oct 3 2023, 10:43 AM

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Good job ts, save money and environment.

Anyway, how many people are in your house till it can reach rm800 bill?
holyleonard
post Oct 3 2023, 10:44 AM

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because not many people at home during day time, at night solar not running unless you install battery
pcboss00
post Oct 3 2023, 10:45 AM

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good. now can do mining.
smsid
post Oct 3 2023, 10:45 AM

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QUOTE(saigetsu @ Oct 3 2023, 10:42 AM)
That 47k is not an asset like house. More like a car. It will be deteriorated. Should include depreciation expenses oso . No to little second hand value.
*
Can easily last 10 years solar panel if good brand.

If it takes 5 years to break even, good already.
cempedaklife
post Oct 3 2023, 10:45 AM

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5 years ROI, should be okay la..in your case.
save the world also.

thank you TS
vin6
post Oct 3 2023, 10:46 AM

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QUOTE(seiferalmercy @ Oct 3 2023, 10:41 AM)
wait till u have to repairs and maintenance.
*
Dude this is NEM - COmes with warranty - maintenance is to wash wipe solar may be everyyear depending on your location- not like car.

solar panels got warranty till 25 years.

Controller 5- 10 years.

installation usually 3 years.

so wait what? till TNB price go up? then think abt solar?
ezze22
post Oct 3 2023, 10:46 AM

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47k is way beyond what I can afford. I'll stick to my garden solar lights.
dudester
post Oct 3 2023, 10:47 AM

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mind sharing your appliance usage to reach 800rm tnb bill?
vin6
post Oct 3 2023, 10:49 AM

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QUOTE(netflix2019 @ Oct 3 2023, 10:38 AM)
Hi k/

I installed solar panel for my house 4 months ago. Total cost RM47000 for 26 pcs. Don't know the detail much cos not important to me. All i know is they write Jinko solar 550wp.

So far my average bill from RM800+ reduce to RM40-50. That's a whooping 20% return p.a

Isn't it too good to be true investment? What am i missing? why still not many ppl installing the solar since potential return so damn 7 good. Even EPF give guaranteed 5% only. FD is even lower.
*
Exactly - very good deal , will get better in time when tnb prices goes up government already has plan to remove 10B subsidy slowly starting next week.
Lone Wolf X
post Oct 3 2023, 10:49 AM

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Show bill pls

Example Exhibit A

user posted image

QUOTE(netflix2019 @ Oct 3 2023, 10:38 AM)
Hi k/

I installed solar panel for my house 4 months ago. Total cost RM47000 for 26 pcs. Don't know the detail much cos not important to me. All i know is they write Jinko solar 550wp.

So far my average bill from RM800+ reduce to RM40-50. That's a whooping 20% return p.a

Isn't it too good to be true investment? What am i missing? why still not many ppl installing the solar since potential return so damn 7 good. Even EPF give guaranteed 5% only. FD is even lower.
*
TSnetflix2019
post Oct 3 2023, 10:49 AM

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QUOTE(seiferalmercy @ Oct 3 2023, 10:41 AM)
wait till u have to repairs and maintenance.
*
Got warranty 12 years for product problem. 3 years for installation problem. Cleaning 5 years once maybe they say about RM1000.

QUOTE(kaiserreich @ Oct 3 2023, 10:41 AM)
Yup, everyone should install solar even though they are staying in apartment, cover entire balcony
Since everyone's TNB bills are 800+, can save a lot.
*
Your point a bit extreme but i get it. But currently in Malaysia landed property is the majority still.

QUOTE(smallcrab @ Oct 3 2023, 10:42 AM)
800 per month?

High usage worth la
*
I also dunno how become so high. Semi-D only. 2 biji aircon average per night.

QUOTE(saigetsu @ Oct 3 2023, 10:42 AM)
That 47k is not an asset like house. More like a car. It will be deteriorated. Should include depreciation expenses oso . No to little second hand value.
*
But ROI 5 years. By logic based on warranty given it should be problem free for 10 years at least.
IamAHuman
post Oct 3 2023, 10:50 AM

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TS working for solar company?
SurpriseZZZZZ
post Oct 3 2023, 10:52 AM

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Do you know the NEM only valid for 10 years? Your "return" has an expiry date. Year 1-5 trying to recover, then Year 6-10 you earn some. Year 11 onwards, you are on your own.

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