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 Home solar 4 months in.

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yeapsc73
post Oct 3 2023, 06:30 PM

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QUOTE(bee88 @ Oct 3 2023, 05:53 PM)
Your system looks okay abit. 3.4.

But to be honest, you won’t know unless you have friend in the same area to compare. 

U might think 3.4 is good, until u find out actually could be 3.6 or 3.7 

So be a clever consumer. Share data to ensure u are not cheated by the installer.

Sometimes installer just say sun problem.  When there are many other factor that they didn’t tel you.
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I am lost. How to get the 3.4 from the picture?
yeapsc73
post Oct 3 2023, 06:37 PM

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QUOTE(bee88 @ Oct 3 2023, 06:32 PM)
1460kwh (1.46mw) /30

48.66kwh average/ 14.3 capacity

So it’s 3.4
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i see. thanks ya

any recommended/affordable installer for 4 to 5kWp system?
yeapsc73
post Oct 4 2023, 12:37 PM

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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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two ways to look at it.

if u keep the money in epf, u still need to pay tnb bill right? say u withdraw money every month to pay 800 to TNB, how much of this 47k will be left after 4 years, or how many years the 47k totally depleted by using it to pay tnb bill?

if u use the 47k to install solar pv, say 800 tnb bill saving per month, what u can do is to invest the 800 into something that can give u 5.5% return, i dont think thats difficult to find such investment (say just buy maybank shares lah that give annual dividend 6 to 7%), in 4 years, u will get about 44k in investment, in 8 years, your investment value will be about 97k, while if the money still in epf, that 47k will increase to about 73k in 8 years, the gap will grow larger and larger

This post has been edited by yeapsc73: Oct 4 2023, 12:38 PM
yeapsc73
post Oct 4 2023, 01:19 PM

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QUOTE(razr_sped @ Oct 4 2023, 01:08 PM)
installation of solar shouldnt be excuse to rake higher energy usage but it sometimes incentivized ppl reckless behavior like my neighbor could have walk to tempat beribadat but he drove his big ass SUV.
i think even i have the 47k for epf/other instrument for upfront, i'll still EPP it.
i think a lot of ppl see it as investment first and thinking they have 47k upfront to foot it (or maybe they have but i dont), like bee mention my system seems perform lower but from a longer stance perspective i still stand to benefit financially from it based on current situation.
so in my case i have a monthly 400 bill which i pay to cc instead of tnb, but in 5-7th year these 400 become extra which i could put in to epf
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just saying, of course EPP even more beneficial as its 0% interest and the epf money still giving 5.5%

how many years EPP u r getting? what i heard max 4 years only

if 4 years EPP, your monthly installment will still be higher than your tnb bill and can only see net saving after 4 years
yeapsc73
post Oct 4 2023, 03:34 PM

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QUOTE(bee88 @ Oct 4 2023, 02:32 PM)
Okay.  To answer my own question.

Scenario a
By the end of year 10, will have rm81360.59

Based on interest 5.5 percent.

Scenario b

End of 10 years.
Will have  RM 126,806.07

Based on 5.5 interest

And a 47k system Solar that still generate but depreciated in value or no value.
Did I calculate any wrong here?
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thats exactly what i mentioned earlier where i calculated for 8 years period

yeapsc73
post Feb 15 2024, 10:41 AM

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user posted image
user posted image

had my home solar commissioned in Dec2023 so last month was the first full month generation and usage, summary as below:-

1) System Capacity - 7.2kWp, micro-invertor
2) Cost - RM23k, on 48 months EPP
3) Generation in Jan 2024 - 714kWh
4) Export to TNB in Jab 2024 - 525kWh
5) Own consumption of solar energy - 714 - 525 = 189kWh
6) Import from TNB - 557kWh
7) Total energy usage - 557 + 189 = 746kWh
8) TNB bill if no solar - approx RM315
9) TNB bill with solar - RM3
10) Saving - RM312/month
11) ROI - Around 6 years (23000/312*12)

For my consumption, actually a 5kwp system is sufficient. But i was quoted about 20k for that so for a little bid more, i opt for a 7kwp system. This give me flexibility to add another EV for the family in the near future.

This post has been edited by yeapsc73: Feb 15 2024, 10:42 AM
yeapsc73
post Feb 15 2024, 10:58 AM

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QUOTE(MGM @ Feb 15 2024, 10:50 AM)
Generated-714kWh VS Usage-746kWh, where got allowance for another EV? Shouldn't u opt for higher kwp?
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We enjoy super low tariff for first 300kWh usage. So if my usage reach 1000kWh per month, it is still within the 22c/33c per kwh bracket which is super cheap
yeapsc73
post Feb 15 2024, 01:54 PM

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QUOTE(nikitaaa @ Feb 15 2024, 12:10 PM)
Hi. Can I ask you .. since your gross usage is higher than 1500 units.
Do u get extra charged for the surcharge for touching tat level even though your true usage has been brought down by solar ?

I'm also using solar system now. My usage is around 1300kwh (gross). And my bill after inport export calculation is around rm40.
My worry is if I wan to buy ev car, will my total bill kena the new surcharge since it touches 1500 since I will need to charge the car at home.
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charge your car in day time during weekend/off day. Should be sufficient to fully charge the car unless u drive super far weekly
yeapsc73
post Feb 15 2024, 04:02 PM

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QUOTE(nikitaaa @ Feb 15 2024, 03:24 PM)
Ur tip to charge during daytime is to avoid the 'import meter' from going up right ?
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yup. more self consumption, less import
yeapsc73
post Feb 15 2024, 04:47 PM

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QUOTE(Roadwarrior1337 @ Feb 15 2024, 04:04 PM)
47k upfront with that kind of savings …5 year only break even not considering things might break in that 5 years
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got EPP. got warranty
yeapsc73
post Feb 24 2024, 09:28 PM

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QUOTE(Accord2018 @ Feb 24 2024, 09:14 PM)
Those do hotel and homestay why no install?
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How u know theres no install?


user posted image

U think all those ppl installing all stupid if it is not beneficial?
yeapsc73
post Feb 25 2024, 08:48 AM

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QUOTE(adamw @ Feb 24 2024, 11:38 PM)
Yes, under Nova. If you can cut off the middleman ROI would be greatly reduced. This month will import 2 more pallets of panels but this round will try new brand instead of Trina.
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Trina is AAA grade for solar panel Woh

U should worry more on the inverter instead
yeapsc73
post Feb 25 2024, 10:35 AM

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QUOTE(adamw @ Feb 25 2024, 09:18 AM)
The panel will be up on the roof for 10 years up so I worry more on the quality of it rather than inverter. If Micro inverter can get 10-12years warranty, easier to claim. Panels very tedious processs to claim warranty so I make sure I get the best. My next target is to test Hi-Mo 7.
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Himo7 from longi? I think both longi and Trina also good and rated AAA

My system was upgraded from 565wp Canadian solar to 600wp Trina because contractor out of stock the 565wp so I'm happy
yeapsc73
post Feb 25 2024, 08:17 PM

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QUOTE(nikitaaa @ Feb 25 2024, 04:12 PM)
Why is everyone so sceptical over solar.. am I missing something .
Btw I on nem , this is my  26 months..
I'm using 24 panels and it's really helping me save. Rm 700 bill to rm0-10. However since the past 3 months , I'm paying around rm20-40 each month.
It's not cheap I admit, but wit cc epp 24 months, n it u don't intend to move houses every few years, I do think it's beneficial.

Btw I also gotten myself insurance for solar around300 per year to cover accidental damages to the system.

My only issue right now is, my monthly import is 1100 units and my worry is If I buy an ev, my entire bill will be jacked up due to the surcharge . And charging in the afternoon might not be v feasible for me since I need to drive to office every other day.
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Just charge at the weekend. I believe your system should be about 14kwp. Say u can get average 8kw from 11am to 4pm for Saturday and Sunday, U should get at least 80kwh there and fully charge your EV. 80kwh worth of battery capacity can easily bring u a range of at least 400km, or even over 500km if u have an efficient EV

This post has been edited by yeapsc73: Feb 27 2024, 11:00 AM
yeapsc73
post Feb 27 2024, 11:06 AM

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QUOTE(cdspins @ Feb 26 2024, 05:52 PM)
This NEM and ROI is all based on your system capacity. The larger the system the faster the ROI. In short it is huge savings for the rich but little to non benefit for the poor. I have calculated for those electricity usage less than RM200 there is little to no benefits because you need to pay up front and the ROI takes 7 to 8 years and within these period of time, anything happen to your solar panel or inverter is not covered after the initial 12 months.
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yeapsc73
post Feb 27 2024, 11:10 AM

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QUOTE(bee88 @ Feb 26 2024, 07:55 PM)
Right now unless u are in a remote area and don’t have Tnb, u are better off with solar and NEM.

BATTERY u can consider when after 10 years. Or u have sensitive appliances that need constant power.

The cost will be about 5k for a 5kwh storage. Depending on how much u need.  Just for a reference.
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I read news saying CATL going to cut battery cost in half this year. So battery storage will be much cheaper in 10 years time. Maybe can get 20kwh in 5k then
yeapsc73
post Feb 27 2024, 12:56 PM

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QUOTE(okyjace @ Feb 27 2024, 11:36 AM)
Just stumbled upon this thread. Thanks for sharing the detailed information and data. Am very impressed by your projected 5 to 6 year payback. Do you have an EV car? If there's room to install more panels, then its probably an easy decision to go electric.
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I have a tesla.

Previously I pay around 400 a month for petrol and 150 a month to TNB

I have installed a 7kw system for 23k with EPP of 4 years in last December and monthly installment is 480, still cheaper than my previous TNB bill and petrol combined

My TNB bill last month is RM3.

Will be free power after 4 years

This post has been edited by yeapsc73: Feb 27 2024, 12:57 PM
yeapsc73
post Feb 27 2024, 01:06 PM

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QUOTE(Avangelice @ Feb 27 2024, 01:02 PM)
Tesla 180k
Solar system. 23k.

Pre tesla and solar system 550 myr.
550 x 12 x 10 = 66000 myr.

Bank loan interest at the end of 9th year for the tesla 43,740.00
Solar system repair and maintenance after tenth year? Not sure how much.

Bro u sure u saved money?
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I need to buy a car anyway
yeapsc73
post Feb 27 2024, 01:10 PM

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QUOTE(bee88 @ Feb 27 2024, 01:08 PM)
Hopefully. Or I just scrap my dolphin to be a power wall.
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Haha don't lah bro. Your dolphin still very much in good condition by then
yeapsc73
post Feb 27 2024, 01:11 PM

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QUOTE(Avangelice @ Feb 27 2024, 01:09 PM)
Whst was the previous car? I'm still driving my ten year old car. Still hanging if I wanna sign up another loan to the bank
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Accord. I changed cars every 9 years or so.

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