How did you get your Solar setup?

[marbro]

Im looking at buying a house soonish, and would love to have a solar setup when we move in,

So I was wondering how did you lot get your setups? Did you save up and pay cash? Take out a small loan? Add it to your bond? (How did you do that?)

any other options I havent thought of?

 

[1am7h30n3]

Pay cash.

 

[Snyper564]

Pay cash.

Same, saved up paid cash. No new car - solar was more important

 

[AlphaJohn]

I opened the box and there it was...

Bought it in parts over time.

 

[neoprema]

Versofy do installment-based options too (asset financed) since the kit has a lifespan and value.

 

[Bobbin]

I moved into a house with it already installed. Just needed to put it on insurance (very NB! as I've already had one claim on the inverter).

 

[1am7h30n3]

I moved into a house with it already installed. Just needed to put it on insurance (very NB! as I've already had one claim on the inverter).

What happened to the inverter?

 

[Bobbin]

What happened to the inverter?

According to electrician, looked like a surge from utility side blew something. Error 9 bus soft start failed. Was replaced under insurance fortunately.

 

[chrisc]

Bought it cash and installed it with the help of friends. Had an electrician assist with the distribution box wiring and COC

System installed in 2015. Got lithium-ion battery in 2019

 

[Mzezman]

Phase 1 (Inverter, 8 panels + 1x 4.8kwh battery) 》 financed through bond
Phase 2 (8 panels + 4.8kwh battery) 》 savings

 

[thehuman]

Sold my car bought 8x panels and 2x 1.2kw grid tie inverters

A friend sold his booze when its sale was banned bought similar system

 

[marbro]

Phase 1 (Inverter, 8 panels + 1x 4.8kwh battery) 》 financed through bond
Phase 2 (8 panels + 4.8kwh battery) 》 savings

how did you finance it?

 

[Cius]

Repurposed savings we had for a new kitchen into solar instead. Seemed more urgent.

 

[Mike Hoxbig]

Financed through Solar Advice.

R178k, R80k deposit, R2k fixed repayment over 5 years...

 

[Mzezman]

how did you finance it?

maybe financed is the wrong term but had extra cash in there and drew from that.

 

[RonSwanson]

Paid for it out of my WMC that I received from Rupert.

 

[Mzezman]

Paid for it out of my WMC that I received from Rupert.

Rothschild, Murdoch or Johann?

 

[RonSwanson]

Rothschild, Murdoch or Johann?

Ah, the thick plottens

 

[TheChamp]

Financed through Solar Advice.

R178k, R80k deposit, R2k fixed repayment over 5 years...

That's not bad, is their interest rate fixed, one size fits all and are there no flexible terms in terms of duration?

 

[Mike Hoxbig]

That's not bad, is their interest rate fixed, one size fits all and are there no flexible terms in terms of duration?

Yep, whatever rate you get is fixed over the term. Your repayment won't fluctuate.

Not sure about how flexible the term is, will probably need to find out from their finance house (Merchant West)...