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.
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 yearsIf 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.