XPost: alt.home.repair, uk.d-i-y, alt.sci.physics
From: CFKinsey@military.org.jp
On Tue, 11 Jun 2019 18:26:08 +0100, Rod Speed wrote:
>
>
> "Commander Kinsey" wrote in message
> news:op.z272xqduwdg98l@desktop-ga2mpl8.lan...
>> On Tue, 11 Jun 2019 14:26:27 +0100, devnull wrote:
>>
>>> On 6/11/19 8:49 AM, 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.
>>>
>>> US bank accounts are a lousy place to invest because they are paying less
>>> than the inflation rate.
>>
>> Normal ones, yes. But you can get about 3% on a 5 year ISA here in the
>> UK.
>>
>>> And if you don't have the money stored in a tax-free IRA, you'll pay
>>> income tax on your losses.
>>
>> Dunno what an IRA is, but all ISAs are tax free AFAIK.
>>
>> Hang on, losses? Surely you pay income tax on your income, not losses.
>
> He means they pay income tax on the pathetic interest
> which is worse than the inflation rate and so you effectively
> pay income tax on those notional, not real, losses.
What a funny way of thinking about it. If you put the cash under a mattress,
you'd lose all of the inflation, not just the tax bit.
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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