Solar Electricity Panels - Page 2
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Thread: Solar Electricity Panels

  1. #16
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    Quote Originally Posted by pcyeoh View Post
    My next door neighbour owns a end lot and was quoted RM 45,000 to install the system. In the contract, TNB offers to purchase back the electricity at RM 1 per kilowatt and the price is fixed for the next 30 years. You are not allow to consume the electricity generated. He is assured of a passive income of RM400 per month. After giving some thoughts, he decided not to go ahead. Although end financing is being arranged, he found out that it was not viable. The highest tariff for residential consumption is 0.57 sen per kilowatt and everybody knows that is rate is not going to stay put for the next 30 years. In fact I won't be surprise if it hits RM1 in 10 years time. If it does that, then TNB will be laughing all the way to the bank. His current solar panels will be less efficient as time progresses and he has to bear the maintenance cost. And not everyday is a sunny day. Lastly, he also realised that it doesn't add any value to the house. In fact, not everyone wants to embark in this business and therefore, he may find that it can be a hinderance when he puts his property for sale. Compared to what he was quoted 3 years ago, the cost of solar panel have come down by 30%. Future models are expected to be more efficient.
    Thanks for all the info.

    My friend in Sabah has a 12KW system. It cost RM$120,000.00 to install & he is getting RM$1,600.00 per month from SEDA for the next 21 years.

    It's a lot of money to come out with

  2. #17
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    Quote Originally Posted by Naka View Post
    Thanks for all the info.

    My friend in Sabah has a 12KW system. It cost RM$120,000.00 to install & he is getting RM$1,600.00 per month from SEDA for the next 21 years.

    It's a lot of money to come out with
    Naka,if that's the amount paid upfront,might as well use the monthly interest to pay TNB better.

  3. #18
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    Quote Originally Posted by jan tomaswaki View Post
    Naka,if that's the amount paid upfront,might as well use the monthly interest to pay TNB better.
    Yes, that's the correct amount & I also think it's very high

  4. #19
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    There is this renewable energy fund of 1.6% in our monthly TNB bill which consumers have to contribute. It goes towards subsidising the f.i.t. tariff. But for most of us not in the f.i.t. scheme it is a lose lose situation.
    " In the land of the blind the one-eyed-jack is king."

  5. #20
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    Quote Originally Posted by Naka View Post
    Thanks for all the info.
    It's a lot of money to come out with
    Got hire purchase plan ah? Its not so bad as people buying new car in excess of that amount and surely depreciate in the near future.

  6. #21
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    Quote Originally Posted by bslee View Post
    Got hire purchase plan ah? Its not so bad as people buying new car in excess of that amount and surely depreciate in the near future.
    Hahahahaha, never heard of

  7. #22
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    Quote Originally Posted by bslee View Post
    Got hire purchase plan ah? Its not so bad as people buying new car in excess of that amount and surely depreciate in the near future.
    Got! But it was abuse by the both parties during the early implementation.Now i don,t know.

  8. #23
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    Oct 2002
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    Just to share with those interested in this renewable energy feed in tariff with TNB....Invested RM230K, averaging RM3,000.00 per month credited directly by TNB into bank account for the next 20 years...go and google and figure out the IRR and decide yrself if this is the worthy investment for you otherwise bring yr money and invest into some other scheme lah...The above scheme was approved and done 2 years ago at Tariff rate of RM1.37 per KW from TNB....Now, I believed the tariff rate already dropped to around RM1.10 per KW and of course the price for installing the solar panel system per KW also comes down...

  9. #24
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    When the panels are about to expire can we sell them to 1MDB?

  10. #25
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    Quote Originally Posted by kaang View Post
    Just to share with those interested in this renewable energy feed in tariff with TNB....Invested RM230K, averaging RM3,000.00 per month credited directly by TNB into bank account for the next 20 years...go and google and figure out the IRR and decide yrself if this is the worthy investment for you otherwise bring yr money and invest into some other scheme lah...The above scheme was approved and done 2 years ago at Tariff rate of RM1.37 per KW from TNB....Now, I believed the tariff rate already dropped to around RM1.10 per KW and of course the price for installing the solar panel system per KW also comes down...
    Thanks.

    How many KW system is that?

  11. #26
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    Invest Solar in Japan as shown in last Sunday Times...3KW to 65 KW.

    The return is as follows:-

    For 20 years, 14% ROI, the taiff is at 35 cts per KWH etc



    I wonder if this is reliable

  12. #27
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    Naka, please tell us more about solar energy panel usage in Oz. Is it very popular? How many households have installed solar panels? Thanks, bud!
    "Choose a job you love, and you will never have to work a day in your life." --- Confucius

  13. #28
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    I was looking into this also for lights but still costly here

  14. #29
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    Quote Originally Posted by fRaNkY View Post
    I was looking into this also for lights but still costly here
    That's right Franky. Here, in these sunshine Bolehish parts, it costs an arm, a leg and a C4.
    "Choose a job you love, and you will never have to work a day in your life." --- Confucius

  15. #30
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    Quote Originally Posted by QuietStorm View Post
    Naka, please tell us more about solar energy panel usage in Oz. Is it very popular? How many households have installed solar panels? Thanks, bud!
    OK, I will try my best, need to do some research but it's a bit busy for a few days because of CNY.

    I will come back later

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