Help With Calculation

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silkman

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I have 2 options to install solar power at home.
The outright purchase price is R313 564
The rental option monthly over 7 years is R4 545.77 with a 10% deposit (R31 356) and a 6.5% escalation and a 10% buyback option after the rental period is over.
If I were to invest the full R313 564 at a 10% return over 7 years what would I the system actually cost me at end of 7 years using the monthly return to subsidise the rental.

Thanks in advance
 
Ignoring your direct question and trying to understand the underlying.

How much do you have right now? If you have money for a Sunsynk, Hubble AM-2, sundries and installation, it will be a start.

That amount seems exorbitant; and don't even look at the rental option. You will always lose.
 
I have a few questions:
1. would you be paying tax on your 10% return?
2. would the deposit come from a different source i.e. it is most likely you would only have 90% of R313 564 to invest?
3. is the buyback option what you would need to pay as a capital amount at the end of the 7 year period?

As the_ogre says, it's most likely that you will lose on the rental option, but it does depend on the above answers as well.
 
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The reason I'm leaning towards the rental options is:
1) maintenance and insurance covered my the company
2) service covered by the company
3) I could invest my capital outlay now and get a return on my money.
4) MYBB Article
@Roger Banana-
1) no tax on return
2) no deposit from same source
3) not sure what you mean? I have to pay 10% of the inital R300k to own the equipment
 
The reason I'm leaning towards the rental options is:
1) maintenance and insurance covered my the company
Maintenance for what? Do some research. A solar install is pretty much an install and forget jobbie. Insurance will be covered by your home insurance, you just need to inform them and ask them to recalculate your premium.

2) service covered by the company
Service what?

3) I could invest my capital outlay now and get a return on my money.
Invest whatever you have right now and try to get the inverter and battery I mentioned earlier. That will keep you going through loadshedding right now. After 2 or 3 months buy the panels and get the SAME installer to add them to your system. Don't get another one. You don't want to deal with two companies when you have a problem later. Again, your insurance will pay if something goes wrong.
 
Average 80kwh.

@The_Ogre Maintenance they said yearly cleaning ofthe panels, checking the system (?)
I can afford the whoe system now but was thinking it will be less hassle and possible cash outlay in 7 years to go with the rental option.

Yes, they came out to do an assessment
 
silkman said:
Average 80kwh.

@The_Ogre Maintenance they said yearly cleaning ofthe panels, checking the system (?)
I can afford the whoe system now but was thinking it will be less hassle and possible cash outlay in 7 years to go with the rental option.

Yes, they came out to do an assessment
Click to expand...
80kwh per month? If that's true /slow clap.

I'm on 150kwh per month (family of 4) - well, I was. I'm on my own now.

There's nothing to check on the system and as for the panels, you can get onto the roof and spray it off with a hose.

I have a feeling that you're trying very hard to get ripped off here.

@TheChamp @Priapus @Magnum @maxxis @Snyper564
 
silkman said:
sorry 80kwh per day
Click to expand...
Buddy, that's a hell of a lot of electricity (and money). Now that quote doesn't sound so outrageous after all.

You're going to have to try and cut down! Start with the small things like lights, make sure all are LED. Then look at things like geyser, stove and, if you have a pool, pool pump.
 
80 kwh per day is easy r70 worth of electricity per year , or r6k per month
 
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