Renting VS owning

marine1

Honorary Master
Joined
Sep 4, 2006
Messages
50,644
Reaction score
3,190
Location
A black hole in the universe - JHB
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.
 
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.
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.
 
Definitely for both. I want to try get off grid as much as possible
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...
 
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...
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.
 
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.
who did you do this through please?
What brand did you go with ?
 
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.
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..?
 
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

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.
 
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..?

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
 
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
Is that who you did it through?
What kind of equipment?
You end up paying a hell of a lot
 
Last edited:
Is that who you did it through?
What kind of equipment?
You end up paying a hell of a lot
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.
 
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.
Most the installers I’ve chatted to prefer Victron due mostly to the warranty & after sales.

What did Victron say caused the blow up?
 
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
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?
 
Top
Sign up to the MyBroadband newsletter
X