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 Home solar 4 months in.

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bee88
post Oct 3 2023, 07:01 PM

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QUOTE(guysmiley @ Oct 3 2023, 06:59 PM)
not many hav 40k to spend on the stuffs. u def a t20.
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Actually lots of m40 also can afford to install already since now it’s without the deposit or one lump sum payment. Most importantly u need to have a Cc with limit about 25k. That is enough for a middle size house usage.

The cc part is the tricky part.
TSnetflix2019
post Oct 3 2023, 07:24 PM

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QUOTE(abelyap @ Oct 3 2023, 07:00 PM)
Rm800 electricity is quite high dude.
mine landed with 2 inventor air con through night. only less than rm200

so ROI is on 5% which not really attractive
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Smaller consumption means smaller house means lesser panel means lower cost. Let's say half solar panel compared to mine I think the cost come up to 25k roughly.

Especially with zero interest 36 months it's better investment than ASB. The only downside is u can only offset the amount of electricity u use. So less efficient if rm200, ideally should be rm500 - rm1000 monthly bill to reap the full benefit. My supplier told me huge ass mansion full roof can only go up to rm1500 per month. The monthly bill is rm3k+ before solar.
- JaY -
post Oct 4 2023, 01:21 AM

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Those with 2-3 AC 12 hours, and still get 200-300 kindly check with your atuk/papa whether meter ok anot innocent.gif
Icehart
post Oct 4 2023, 03:20 AM

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Problem is the company that gives such warranty will continue to exist in the next 15 years or not? Else your warranty certificate just paperweight.
samftrmd
post Oct 4 2023, 07:50 AM

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800? How you use one?
bee88
post Oct 4 2023, 08:31 AM

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QUOTE(Icehart @ Oct 4 2023, 03:20 AM)
Problem is the company that gives such warranty will continue to exist in the next 15 years or not? Else your warranty certificate just paperweight.
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Should be. Don’t be pessimistic. If everything also worry this worry that, nothing gets done.

When I choose the companies, I choose the one that is longer in the solar business. Actually many solar companies before doing solar were incorporated for other purpose.

There are new companies that I would have more doubt are those newly establish companies below 10 years. For example alpha solar from ctos check only started in 2022.

Also try to get those companies that also deal with c&i. These are more established companies in my opinion. Not to say they won’t go out of business but at least we try our best to choose the best company we believe will exist for a long time.
AlphaM
post Oct 4 2023, 09:06 AM

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QUOTE(bee88 @ Oct 4 2023, 08:31 AM)
Should be. Don’t be pessimistic.  If everything also worry this worry that, nothing gets done. 

When I choose the companies, I choose the one that is longer in the solar business.  Actually many solar companies before doing solar were incorporated for other purpose. 

There are new companies that I would have more doubt are those newly establish companies below 10 years. For example  alpha solar from ctos check only started in 2022.

Also try to get those companies that also deal with c&i. These are more established companies in my opinion. Not to say they won’t go out of business but at least we try our best to choose the best company we believe will exist for a long time.
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can you PM me the company that has long history?
what inverter brand?
bee88
post Oct 4 2023, 09:12 AM

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QUOTE(AlphaM @ Oct 4 2023, 09:06 AM)
can you PM me the company that has long history?
what inverter brand?
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When you get the quote from any companies, u can always run a ctos check to see when it incorporated

I am not sure if this is a valid way but at least do something to make sure the company is okay.

Just type the name of the company, and ctos keyword in google.

If u want to know if the company is sustainable , can even buy the report to see profit and loss.


Drian
post Oct 4 2023, 09:43 AM

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QUOTE(netflix2019 @ Oct 3 2023, 05:36 PM)
Dunno why u so sceptical. Tell me which investment can nett u 20% return p.a.
ROI in 4 years is insanely attractive for a investment. Even property also cannot beat.

No battery required because government incentive by giving NEM (a.k.a buy back excess energy u generated and offset your monthly bill in return). I think u seriously need to read up and ask around those who already installed. I asked, both my uncles installed back in 2010 until now no need pay any $$$ for replacement parts or repair. They never bother to hire ppl to clean also for 10 years and energy generated still up to 90% so far. Both of them ROI in 6 years.
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When you put returns like that it will be compared with other investment class. eg:- 5.5% epf , 3% FD, 6% ASNB but you cannot really compare them that way,


If you put 47k in FD, 3% for 5 years you get 47k + (3%^5*47k).
The 47K that you put in is unchanged after 5 years

If you put in 47K in Solar and you claim 20% return.
By right at the end of 5 years you get 47K +(20%^5*47k) but you don't get it.
You can't sell the solar panels and your solar panels are not worth 47k anymore. . That is asset depreciation.

So technically, if you include asset depreciation. The first 5-6 years is 0% and then only after that is 20%.
You don't understand that you cannot get back the capital that you put in.






etan26
post Oct 4 2023, 09:53 AM

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QUOTE(Drian @ Oct 4 2023, 09:43 AM)
When you put returns like that it will be compared with other investment class. eg:- 5.5% epf , 3% FD, 6% ASNB but you cannot really compare them that way,
If you put 47k in FD, 3%  for 5 years you get 47k + (3%^5*47k).
The 47K that you put in is unchanged after 5 years

If you put in 47K in Solar and you claim 20% return.
By right at the end of 5 years you get 47K +(20%^5*47k) but you don't get it.
You can't sell the solar panels and your solar panels are not worth 47k anymore. . That is asset depreciation.

So technically, if you include asset depreciation. The first 5-6 years is 0% and then only after that is 20%.
You don't understand that you cannot get back the capital that you put in.
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If I can get 800 monthly or 9,600 yearly against my investment of 38,000 already yields 25%, apa lagi awak mau? biggrin.gif biggrin.gif

After 4 years already ROI 38k . . .. another 4 years another ROI 38k, tell me what FD/EPF can give me the same?
Bear in mind this could last 25 years although the returns will dropped 10-20% ...
Ivan113
post Oct 4 2023, 09:54 AM

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QUOTE(Drian @ Oct 4 2023, 09:43 AM)
When you put returns like that it will be compared with other investment class. eg:- 5.5% epf , 3% FD, 6% ASNB but you cannot really compare them that way,
If you put 47k in FD, 3%  for 5 years you get 47k + (3%^5*47k).
The 47K that you put in is unchanged after 5 years

If you put in 47K in Solar and you claim 20% return.
By right at the end of 5 years you get 47K +(20%^5*47k) but you don't get it.
You can't sell the solar panels and your solar panels are not worth 47k anymore. . That is asset depreciation.

So technically, if you include asset depreciation. The first 5-6 years is 0% and then only after that is 20%.
You don't understand that you cannot get back the capital that you put in.
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Problem is he is comparing with a variable that most of us do not have to get 20% pa return, which is the freaking RM800 electricity bill, is it that hard to think, damn, interrogating with full skepticism is usually not a bad thing, but combined with close minded is a terrible thing.
Drian
post Oct 4 2023, 10:00 AM

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QUOTE(etan26 @ Oct 4 2023, 09:53 AM)
If I can get 800 monthly or 9,600 yearly against my investment of 38,000 already yields 25%, apa lagi awak mau?  biggrin.gif  biggrin.gif

After 4 years already ROI 38k . . .. another 4 years another ROI 38k, tell me what FD/EPF can give me the same?
Bear in mind this could last 25 years although the returns will dropped 10-20% ...
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QUOTE

After 4 years already ROI 38k . . .. another 4 years another ROI 38k, tell me what FD/EPF can give me the same?
All can even more.

EPF,5.5% after 4 years
Capital : 47K
Return : 8.75K
Total :- 55.74K



Solar after 4 years
Capital :0 k
Return :- 38400
Total:- 38400

Again you don't understand that for FD, capital doesn't change.
etan26
post Oct 4 2023, 10:08 AM

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QUOTE(Drian @ Oct 4 2023, 10:00 AM)
All can even more.

EPF,5.5%  after 4 years 
Capital : 47K
Return : 8.75K
Total :- 55.74K

Solar after 4 years
Capital :0 k
Return :- 38400
Total:- 38400

Again you don't understand that for FD, capital doesn't change.
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After 8 and 12 years, pls calculate berapa?
Capital doesn't changed but the ROI is triple of the capital, correct?
You don't understand ROI?
bee88
post Oct 4 2023, 10:09 AM

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QUOTE(Drian @ Oct 4 2023, 10:00 AM)
All can even more.

EPF,5.5%  after 4 years 
Capital : 47K
Return : 8.75K
Total :- 55.74K

Solar after 4 years
Capital :0 k
Return :- 38400
Total:- 38400

Again you don't understand that for FD, capital doesn't change.
*
For solar, there is no capital needed. That’s the difference.



etan26
post Oct 4 2023, 10:10 AM

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I can even burn my investment of 38k but my ROI of 12 years is 114k .....
bee88
post Oct 4 2023, 10:12 AM

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Getting Solar is by using money that u suppose to spend monthly. This money is not the money that you can save.

If u don’t get solar, that money is going to Tnb 100%


bee88
post Oct 4 2023, 10:14 AM

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It’s like how ppl cuci money with shopee coin cash back last time. Last time shopee offer 100% coin cash back.

Itu solar Mcm itu voucher coin cash back la.
TSnetflix2019
post Oct 4 2023, 10:21 AM

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QUOTE(Ivan113 @ Oct 4 2023, 09:54 AM)
Problem is he is comparing with a variable that most of us do not have to get 20% pa return, which is the freaking RM800 electricity bill, is it that hard to think, damn, interrogating with full skepticism is usually not a bad thing, but combined with close minded is a terrible thing.
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You can install less solar panel so the cost will be lesser. iianm it is 16k for around rm200 yield. lol why everyone keep stuck in the perpetual loop of " NOT EVERYONE HAVE RM800 BILL!!!". You can just lower your system to match your monthly bill. TNB will require u to do it anyway, they wont let u generate more than your current electric bill. No one is close minded here. chill.

QUOTE(Drian @ Oct 4 2023, 10:00 AM)
All can even more.

EPF,5.5%  after 4 years 
Capital : 47K
Return : 8.75K
Total :- 55.74K

Solar after 4 years
Capital :0 k
Return :- 38400
Total:- 38400

Again you don't understand that for FD, capital doesn't change.
*
Again u don't understand ppl who installed solar already know they not going to shift new house in the next 10-20 years. It generate income as long as there is a sun and someone living inside the house.

It's less capital and much less hassle than owning a property that generate rm800 rental. No tax even. The only downside? I lose it all in housefire or tornado. But still at that point losing 47k should be the least of my worry. lol
bee88
post Oct 4 2023, 10:38 AM

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Tbh, instal solar is a good move. Regardless the roi

Money sure can get back long term.
Maintenance here and there along the way - biasa lah but not that frequent la.
Most importantly, go green, save earth, leave a better world to the next generation.
Davez89
post Oct 4 2023, 11:20 AM

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QUOTE(bee88 @ Oct 4 2023, 10:38 AM)
Tbh, instal solar is a good move. Regardless the roi

Money sure can get back long term.
Maintenance here and there along the way - biasa lah but not that frequent la.
Most importantly, go green, save earth, leave a better world to the next generation.
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can I know which company solar ure using? after reading all 15 pages it seems worth to get solar as my bill is about 1k

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