XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: CFKinsey@military.org.jp   
      
   On Tue, 11 Jun 2019 14:01:00 +0100, Xeno  wrote:   
      
   > 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.   
      
   AFAIK most here are 5, 10, 15 years.  Well those are the ones my friends use.    
   Maybe there are shorter ones.  I wouldn't have thought the bank would care for   
   anything as short as 1 year, they want to know they can keep your money for a   
   long time.   
      
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