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Originally Posted by LOCO XP
At this stage it's gonna be difficult to finance solar, no doubt it will help cut usage down, I just need to crunch some numbers and work out where my dollars make the most impact.
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Solar doesn't really cut usage down, that part falls back to you and the family. It cuts down on the amount paid to the company but if you use 20 units during the day now, add solar tomorrow, you are still using 20 units; however, you might be able to use 10-20 units from the solar/sun instead of the grid.
(does that make sense?)
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Originally Posted by LOCO XP
Just don't know which way to hedge my bets, it has seriously got me stumped. Weighing up the fact that ridiculous power bills are hindering progress on the mortgage, and that paying off a system will add additional costs to our household budget....even though in the end it will pay itself off and offset the rising costs.... but what will interest rates do over the next 5-10 years, and that my intention at this stage is to knock as much off debt and not ad more debt before the going gets tough....   |
Completely understand, we were in the same boat.
I was paying between $250 & $450 each bill, since the solar I've had credits varying from a few to almost $100, thats a massive weight off the monthly budget, but obviously there is the outlay for the system in the first place.
The numbers I'm using for my estimations is $300 a quater/bill. So, $300 x 4 gives me a $1200 saving a year. The system cost almost $10,000 (typical WA!). So the ROI (return on investment) is just over 8 years.
The flip side is that the 'spare' 1200 is going straight in to the homeloan, so it is helping there too. (again if that makes any sense)
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Originally Posted by LOCO XP
The number crunching, power saving and meter watching continues....
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And it will continue; for all of us. Power charges are only ever going to rise. :(