Renting VS owning

marine1

marine1

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Hi guys need some advice,
Looking at renting with Gosolar, something medium to big.
Do you think nits worth doing this vs actually buying system once off?
Would appreciate the advice
And I heard Victron is the best system to buy?

Tks
 
First thing is to decide why you want it.
Do you not want load shedding, or do you want to mitigate against the price hikes of Eskom, or a combination of both.

For me, I have an inverter and battery that really does cover everything I need, so when I do the solar thing, I want to do it to mitigate the high electricity price.
 
konfab said:
First thing is to decide why you want it.
Do you not want load shedding, or do you want to mitigate against the price hikes of Eskom, or a combination of both.

For me, I have an inverter and battery that really does cover everything I need, so when I do the solar thing, I want to do it to mitigate the high electricity price.
Click to expand...
Definitely for both. I want to try get off grid as much as possible
 
Well you must just know that you will not save close to the renting amount on your monthly bill.
 
marine1 said:
Definitely for both. I want to try get off grid as much as possible
Click to expand...
Then by renting, your money is just going from Eskom to the rental company. They also have clauses that allow for annual escalation, so you're not really saving.

Buy outright, your system will pay for itself in 5 or so years, then enjoy free electricity for the next 10 years or so before you need to start replacing things...
 
Mike Hoxbig said:
Then by renting, your money is just going from Eskom to the rental company. They also have clauses that allow for annual escalation, so you're not really saving.

Buy outright, your system will pay for itself in 5 or so years, then enjoy free electricity for the next 10 years or so before you need to start replacing things...
Click to expand...
I'm using a rent-to-own extra large system. Brought my Eskom bill down by R3000pm which goes into the solution. it doesn't cover it all no, but then there's the convenience factor of not having load-shedding. in fact, these days i have no power outages because most of our load-limiting happens in the day my system can carry almost all of what we use including ACs through solar + the load-limiting values.

I took my system over 5 years so, so after 5 years its paid-for too.
 
neoprema said:
I'm using a rent-to-own extra large system. Brought my Eskom bill down by R3000pm which goes into the solution. it doesn't cover it all no, but then there's the convenience factor of not having load-shedding. in fact, these days i have no power outages because most of our load-limiting happens in the day my system can carry almost all of what we use including ACs through solar + the load-limiting values.

I took my system over 5 years so, so after 5 years its paid-for too.
Click to expand...
who did you do this through please?
What brand did you go with ?
 
neoprema said:
I'm using a rent-to-own extra large system. Brought my Eskom bill down by R3000pm which goes into the solution. it doesn't cover it all no, but then there's the convenience factor of not having load-shedding. in fact, these days i have no power outages because most of our load-limiting happens in the day my system can carry almost all of what we use including ACs through solar + the load-limiting values.

I took my system over 5 years so, so after 5 years its paid-for too.
Click to expand...
So rent to own over 5 years..? After the final rental payment month 60, the system is yours..?

No annual escalation..? No final few thousands to pay before the system is yours..?
 
marine1 said:
Hi guys need some advice,
Looking at renting with Gosolar, something medium to big.
Do you think nits worth doing this vs actually buying system once off?
Would appreciate the advice
And I heard Victron is the best system to buy?

Tks
Click to expand...

Don't get fixated on Victron. I had an invertor that went poof & they wouldn't own up to warranty.
I'd go Sunsnyk if I had to do again.
 
WAslayer said:
So rent to own over 5 years..? After the final rental payment month 60, the system is yours..?

No annual escalation..? No final few thousands to pay before the system is yours..?
Click to expand...

Versofy Proposal
Monthly Cost: R XXXXX.00
Quote is valid for 2 weeks from date of issue
Contract Term (Months): 60
No Escalation | No final fee/residual | Subject to Prime Lending Rate. Activation Fee of R5000 to be paid upfront
 
neoprema said:
Versofy Proposal
Monthly Cost: R XXXXX.00
Quote is valid for 2 weeks from date of issue
Contract Term (Months): 60
No Escalation | No final fee/residual | Subject to Prime Lending Rate. Activation Fee of R5000 to be paid upfront
Click to expand...
Is that who you did it through?
What kind of equipment?
You end up paying a hell of a lot
 
Last edited:
marine1 said:
Is that who you did it through?
What kind of equipment?
You end up paying a hell of a lot
Click to expand...
1 x Sunsynk 3 Phase 12KW
2 x Batteries (forgot the size)
12 Canadian Solar panels.
They also re-built the main DB-board and the sub-DB board as well as replaced a lot of cabling.
I also took 3 x Geyser controllers included in the cost.
 
Tun@ said:
Don't get fixated on Victron. I had an invertor that went poof & they wouldn't own up to warranty.
I'd go Sunsnyk if I had to do again.
Click to expand...
Most the installers I’ve chatted to prefer Victron due mostly to the warranty & after sales.

What did Victron say caused the blow up?
 
neoprema said:
Versofy Proposal
Monthly Cost: R XXXXX.00
Quote is valid for 2 weeks from date of issue
Contract Term (Months): 60
No Escalation | No final fee/residual | Subject to Prime Lending Rate. Activation Fee of R5000 to be paid upfront
Click to expand...
Reads like normal asset finance to me and would have been most likely cheaper if you have financed itself through your bank.
What's the T&C's look like?
 
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