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 Home solar 4 months in.

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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.
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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?
vin6
post Oct 3 2023, 10:49 AM

Getting Started
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Junior Member
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Joined: May 2016
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.
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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.
vin6
post Oct 3 2023, 11:50 AM

Getting Started
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Junior Member
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Joined: May 2016
QUOTE(WaCKy-Angel @ Oct 3 2023, 10:54 AM)
My bro house paid 3K for ppl go fix the meter every month bill just RM300.
Can ON aircond whole day
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Tell your brother prepare 50k soon - After they change smart meter --- they will cross reference check historical usage and current - then 200% kena fine.


With smart meter possible to stikk hack but 100% kena tangkap because they will monitor the grid total usage not the meter only total usage.



Good luck . lol!

Speaking from friends experience recently.
vin6
post Oct 5 2023, 01:22 PM

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QUOTE(Drian @ Oct 4 2023, 03:59 PM)
I stand corrected, I did not take into account that the electricity still need to be paid for EPF case.
Basically the moment once the gains from EPF cannot cover the electricity bill, you cannot rely on compounding value to beat solar case.

user posted image
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Remember your sheet shows after 10 years you cant sell back because nem contract is over (not sure if government will continue or extend confirm have to reapply).


Take note - ppl who did their homework abt NEM soalr already know after 10 years they buy batteries and store access energy for night use. This will also consider as saving already but upfront cost would be battery .

Currently estimate price for 5kwh = RM5k-6k (can get cheaper , battery and solar prices keeps dropping).

Average we need at least 10kwh per house depending on lood/usage.

 

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