XPost: alt.home.repair, uk.d-i-y, alt.sci.physics
From: xenolith@optusnet.com.au
On 11/6/19 10:49 pm, Commander Kinsey wrote:
> On Tue, 11 Jun 2019 13:14:33 +0100, Xeno wrote:
>
>> On 11/6/19 9:54 pm, Commander Kinsey wrote:
>>> On Tue, 11 Jun 2019 12:32:27 +0100, Daniel60
>>> wrote:
>>>
>>>> Commander Kinsey wrote on 11/06/2019 8:09 AM:
>>>>> On Mon, 10 Jun 2019 10:53:25 +0100, Daniel60
>>>>> wrote:
>>>>>
>>>>>> Commander Kinsey wrote on 10/06/2019 12:50 AM:
>>>>>>> On Sun, 09 Jun 2019 10:01:28 +0100, Daniel60
>>>>>>> wrote:
>>>>>>>
>>>>>>>> Commander Kinsey wrote on 8/06/2019 4:04 AM:
>>>>>>>>> On Fri, 07 Jun 2019 03:46:18 +0100, Bob F
>>>>>>>>> wrote:
>>>>>>>>
>>>>>>>>
>>>>>>>>
>>>>>>>>>> You know this for every supplier in the world?
>>>>>>>>>
>>>>>>>>> Well if you live in the desert maybe you can actually make real
>>>>>>>>> money
>>>>>>>>> instead of stealing it from the taxpayer. But in most places,
>>>>>>>>> solar
>>>>>>>>> panels are next to useless unless you want to charge up a couple
>>>>>>>>> of AA
>>>>>>>>> batteries.
>>>>>>>>
>>>>>>>> No farm, just a normal 3 bedroom house with 20 solar panels that I
>>>>>>>> installed about two years ago costing about $4,500.00.
>>>>>>>>
>>>>>>>> Last month, being the start of Winter, i.e. lower sunlight
>>>>>>>> levels, my
>>>>>>>> Solar rebate (after any power I might have used during the day) was
>>>>>>>> $21.49, so, even at this low sunlight rate, I'd repay the panel
>>>>>>>> costs in
>>>>>>>> about 17.5 years.
>>>>>>>>
>>>>>>>> O.K., I'd have not earned interest on that $4,500 for that time,
>>>>>>>> but,
>>>>>>>> then again, I'd have been getting 'free' daylight power myself for
>>>>>>>> that
>>>>>>>> time!!
>>>>>>>>
>>>>>>>> Taking into account the greater quantity of power I will(/have) be
>>>>>>>> generating during Summer, that pay-back time would be reduced (to,
>>>>>>>> maybe, 10 years'ish!!).
>>>>>>>>
>>>>>>>> Just saying!!
>>>>>>>
>>>>>>> I wouldn't buy something that took 10 years to break even. Ever
>>>>>>> heard
>>>>>>> of an ISA?
>>>>>>
>>>>>> No!
>>>>>
>>>>> Might be a British acronym. It's a long term savings account.
>>>>
>>>> Is that something like what U.S.A'ians cal a 401K ... what we in
>>>> Australia call Superannuation??
>>>
>>> No idea, I don't have one. You put money in and don't touch it for 5
>>> years and earn a higher interest rate.
>>
>> Compounding interest is key.
>
> Not what I meant, the % is much higher in the accounts where the bank
> knows you can't withdraw it for 5 or 10 years.
That is known in these parts as a *term deposit*. It is not usually as
long as 5 to 10 years, typically 1 year. Have some currently at 8 months
for the best interest rate. If we roll the money, principal + interest,
into another term, that is compounding. Can be done automatically I
suspect but we prefer to vet the interest rate each year.
--
Xeno
Nothing astonishes Noddy so much as common sense and plain dealing.
(with apologies to Ralph Waldo Emerson)
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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