We worked out when it is worth installing a R200,000 solar power system

Well, now we know how many forumites have wildly overestimated the market values of their homes.

On a slightly related note, now we will know how many forumites suddenly start disliking Bradley Prior.
 
Bradley Prior said:
We worked out when it is worth installing a R200,000 solar power system

Installing a solar backup solution can be worth it in terms of increasing your home's value, but only for those priced at R6 million and higher, a MyBroadband analysis has revealed.
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Probably the last looked at metric when deciding on installing solar if it's even looked at in the first place.

Anyone using over 750kWh per month is going to get significantly more savings from a R200k solar system, irrespective of the house value, than someone with a R6 million house and probably using double the amount of electricity.

My house was valued at less than R2 million when I installed my R200k solar system and I've already extracted more value from it than just looking at how much its added to the value of the property.

I think I'm actually half way to my target of wanting to generate 70MWh from solar before looking at any major maintenance issues.
 
There are different reasons for installing a solar system. I wonder how many people (besides developers / speculators) decide to install a solar system so that they increase the resale value of their properties.

In my case the specs (therefore price) of my system was determined from peak load, daily energy usage, backup requirements and affordability. In my case these resale calculations are mildly interesting but pointless.
 
AchmatK said:
Probably the last looked at metric when deciding on installing solar if it's even looked at in the first place.

Anyone using over 750kWh per month is going to get significantly more savings from a R200k solar system, irrespective of the house value, than someone with a R6 million house and probably using double the amount of electricity.

My house was valued at less than R2 million when I installed my R200k solar system and I've already extracted more value from it than just looking at how much its added to the value of the property.

I think I'm actually half way to my target of wanting to generate 70MWh from solar before looking at any major maintenance issues.
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Yeah, it's fokkal to do with the value of the property, and everything to do with how much power you use.
 
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What is this even, this is one of the last things people think about and is just a bonus. The main purpose of a solar system is to save on eskom/municipal costs and avoid loadshedding and power outages.
 
Entire article is missing the point.

The only question that ever needed answering with regards to house value increases is whether spending the 200k today and deciding to sell tomorrow could you bolt the 200k onto the price without struggling to sell and the answer to the question is a resounding yes.

More so, your house is going to sell more easily compared to every other house down the same street all other features being more or less the same.
 
D said:
Well, now we know how many forumites have wildly overestimated the market values of their homes.

On a slightly related note, now we will know how many forumites suddenly start disliking Bradley Prior.
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Don't shoot the messenger
Myles Illidge wrote the article, not Bradley :laugh:
 
SauRoNZA said:
Entire article is missing the point.

The only question that ever needed answering with regards to house value increases is whether spending the 200k today and deciding to sell tomorrow could you bolt the 200k onto the price without struggling to sell and the answer to the question is a resounding yes.

More so, your house is going to sell more easily compared to every other house down the same street all other features being more or less the same.
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Isn't adding solar like ticking all the options on a new car? Sure, you can sell it faster, but you never get that money back.
 
Installed my solar in August of 2022 and will see in the coming weeks and months if I'll make my money back and and whether it will sell the house faster.
 
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wingnut771 said:
Isn't adding solar like ticking all the options on a new car? Sure, you can sell it faster, but you never get that money back.
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I mean at the end of the day it depends on where in the timeline you are.

Technically you are getting the money back in production from the moment it’s installed and it will carry on giving for many years to come.

A couple of years from now when it’s a more standard feature it will make less of a difference but right now I reckon you could easily add the cost of your system as is to your selling price (assuming all else is priced reasonably) and at least break even.

That being said you have a serious planning problem if you just installed all this and then suddenly decided to sell.

I’ll break even at year 5 at the current rate on my setup and then save upwards of R2500 on electricity (at current pricing) every month because it will be free from then onwards for the next 5-10 years.

There is simply no way to lose installing solar right now. It literally costs as much as you’d pay Eskom anyway broken down into a monthly rate.
 
SauRoNZA said:
I mean at the end of the day it depends on where in the timeline you are.

Technically you are getting the money back in production from the moment it’s installed and it will carry on giving for many years to come.

A couple of years from now when it’s a more standard feature it will make less of a difference but right now I reckon you could easily add the cost of your system as is to your selling price (assuming all else is priced reasonably) and at least break even.

That being said you have a serious planning problem if you just installed all this and then suddenly decided to sell.

I’ll break even at year 5 at the current rate on my setup and then save upwards of R2500 on electricity (at current pricing) every month because it will be free from then onwards for the next 5-10 years.

There is simply no way to lose installing solar right now. It literally costs as much as you’d pay Eskom anyway broken down into a monthly rate.
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and with the constant price increases, systems will eventually take as little as 2 years to pay off then it's bye bye eskom.
 
wingnut771 said:
and with the constant price increases, systems will eventually take as little as 2 years to pay off.
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Exactly. It’s certainly never going down.

Also never underestimate that buyer who wants the “lock up and go” no mess no fuss type of purchase where someone else has already done all the work.

They’ll often happily spend double what they would have if they did it themselves just not to bother with it.
 
I have 2 of these, one for my router and one for my fibre modem. My laptop and phone both last the 2 hours of load shedding. That's all I need. My desktop gets switched off.

mini-ups.jpg
 
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