XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: rod.speed.aaa@gmail.com   
      
   "Xeno"  wrote in message   
   news:gm9k99Fd9chU1@mid.individual.net...   
   > 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 in this case, it's the tax free status that's the key in this case.   
   https://en.wikipedia.org/wiki/Individual_Savings_Account   
      
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