How We Convert Our Monthly Electricity Bill Payment In To An Investment ?

sasl

sasl

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By shifting to solar net metering system. you can easily convert your monthly electricity bill in to an investment. it likes a depositing in a investment plan account. after from a certain period, you can start reap harvest from your investment for life time period.

From an example with real figures, it can be explained as below.

Let's say your monthly electricity consumption is 650 units. Then your monthly electricity bill will be Rs. 25,000/-.

If you install a solar system with net metering agreement, you can save Rs. 25,000 monthly.
When you install the solar system,It must be financed by a personnel loan. Then your monthly installment will be less than Rs. 23,000 per month for 5 years period.

Then you can use your monthly saving from electricity bill to pay the loan installment & It means that your cash outflow is zero. virtually you are not investing a single cent for the solar system from your wallet.

After your loan is fully settled. you have to pay neither electricity bill nor loan installment. Then your harvest is matured & you can benefit it for your life time.

what is net metering?
http://forum.srilankaequity.com/t42132-100

For more details
https://www.facebook.com/Havest-Solar-Power-Private-Limited-1517054691873758/

karuna

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How We Convert Our Monthly Electricity Bill Payment In To An Investment ? Images?q=tbn:ANd9GcQSa2GW-Sl2BWwUS4hxxjYJKraqjsEzHAXrPm0Dmeo5klot6cHK

Okata kiyanne kama suthraya.
Kohoma hari ganan hadala balapuwama
12 years going for get benefit.

Teller

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How long will they give warranty

karuna

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@Teller wrote:How long will they give warranty

Mr .Taller u live in kattar or srilanka

karuna

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@Teller wrote:How long will they give warranty

don't sleep Mr. Teller now 00.30 am

nis2010

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if you consume more than 400 units per month then grid connected solar system will be very useful. to produce 400 units per month you need at least more than 3-5kw solar system. so price will be more than 1.3mn. then they will give 10 years warranty for inverter and solar panels will have 25 years warranty according to them. but they don't cover physical damages such as lighting damages and etc.

solar power depend on the sun light. if your house roof not located to get maximum solar power then it will be waste, another thing you can't keep trees higher than roof because trees block direct sun rays. other thing is they can't give a word ,that solar panels don't have risk of lighting strikes. even if you grounded well. you need lighting protection above the solar power panels. so there will be another 0.3m cost.

after that owner must sign a contract with the CEB. CEB takes excess electricity from your panels and they give 10 years warranty to give back which CEb took from you. if you produced 500 units and you used 300 units on that month then CEB owe 200 units to you. within 10 year period you can consume that 200 units. but what will happen when monsoon season.

but the main issue is they don't give a green light against lighting strikes. other thing is day by day technology will introduce new low cost systems than old ones, then you have to upgrade, then another cost. however this is very suitable for high consumers..

sasl

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Normally every company will give 10 years warranty for inverters & 25 years for solar panels as they don't have any moving parts or maintenance cost.
Install & forget because they have designed for more than 25 years life span.
The price of solar system has now dramatically reduced & system which produces 600 units will be Rs. 1 Mn.

nis2010

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@sasl wrote:Normally every company will give 10 years warranty for inverters & 25 years for solar panels as they don't have any moving parts or maintenance cost.
Install & forget because they have designed for more than 25 years life span.
The price of solar system has now dramatically reduced & system which produces 600 units will be Rs. 1 Mn.

but they don't talk about lighting damages

Chinwi

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The return (period) they showed us few years ago was wrong.

By investing 1.4 million their calculated return of investment in 6 years or so.
Say your bill was 20,000 , invested 1.4 million net metering solar set.
1,400,000 / 20,000 = 6 years.

Thereafter free electricity.

But, they didn't consider the price adjustment of equipments.
Price of solar panels and inverters were going down for past few years.

After the 6 years period the solar set you bought for 1.4 million will become 6 years old and depreciated. You can buy a brand new set with improved features for 0.9 million(or less) after 6 years.

The loss for 6 years is 0.5 million. Many early birds swallowed the bitter worm. Also consider % of interest loss. Say you invested 1.4 million @ ##% for 6 years.

Hence, think about going down prices and improvements in solar technology and also increasing interest rates , decide at appropriate time to go for net metering.

Starting with less number of panels with expandable capacity will be a good idea. Remember the CEB will not pay you back for what they get from your excess production.

I heard a new kind of modern inverter (with some power retaining capacity) is going to arrive in few months time.

nis2010

nis2010

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@Chinwi wrote:The return (period) they showed us few years ago was wrong.

By investing 1.4 million their calculated return of investment in 6 years or so.
Say your bill was 20,000 , invested 1.4 million net metering solar set.
1,400,000 / 20,000 = 6 years.

Thereafter free electricity.

But, they didn't consider the price adjustment of equipments.
Price of solar panels and inverters were going down for past few years.

After the 6 years period the solar set you bought for 1.4 million will become 6 years old and depreciated. You can buy a brand new set with improved features for 0.9 million(or less) after 6 years.

The loss for 6 years is 0.5 million. Many early birds swallowed the bitter worm. Also consider % of interest loss. Say you invested 1.4 million @ ##% for 6 years.

Hence, think about going down prices and improvements in solar technology and also increasing interest rates , decide at appropriate time to go for net metering.

Starting with less number of panels with expandable capacity will be a good idea. Remember the CEB will not pay you back for what they get from your excess production.

I heard a new kind of modern inverter (with some power retaining capacity) is going to arrive in few months time.

"Starting with less number of panels with expandable capacity will be a good idea. Remember the CEB will not pay you back for what they get from your excess production."

CEB gives 10 years to get back what you give to to ceb

Chinwi

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@nis2010 wrote:CEB gives 10 years to get back what you give to to ceb

Good. Then we can hire some equipments (more panels) for 1-2 years, produce much as possible and enjoy free electricity for next 10 years ... !

nis2010

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@Chinwi wrote:

@nis2010 wrote:CEB gives 10 years to get back what you give to to ceb

Good. Then we can hire some equipments (more panels) for 1-2 years, produce much as possible and enjoy free electricity for next 10 years ...

as i heard from a solar tech, sloar panels are not secured without lightning protection system. because you implement solar panels highest point of your house. then there are lots gadgets to get a lightning strikes.before buy solar power buy lightning protection system. otherwise your investment ගඟට ඉනි කැපුවා වගේ. talk with a solar power company about lightning against solar power. they can't assure 100%, because they never tested solars against lightning.

sasl

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All solar systems will be properly grounded by every installers & surge protective devices (SPD) are used for both AC & DC sides. So lighting risk can be reduced 95%.
If you want, the system can be insured & premium will be less than Rs 5,000 for 1 Mn value.

karuna

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@karuna wrote:Okata kiyanne kama suthraya.
Kohoma hari ganan hadala balapuwama
12 years going for get benefit.

Ha ha ha my calculations is right . Happy happy

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How We Convert Our Monthly Electricity Bill Payment In To An Investment ?

1 How We Convert Our Monthly Electricity Bill Payment In To An Investment ? Tue Oct 20, 2015 10:35 pm

sasl

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