XPost: alt.home.repair, uk.d-i-y, alt.sci.physics   
   From: rod.speed.aaa@gmail.com   
      
   "Commander Kinsey"  wrote in message   
   news:op.z28dwvo9wdg98l@desktop-ga2mpl8.lan...   
   > 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.   
      
   No its not.   
      
   > If you put the cash under a mattress, you'd lose all of the inflation, not   
   > just the tax bit.   
      
   Under the mattress isnt the only alternative.   
   Your ISAs are indeed a much better alternative   
   because they pay an interest rate closer to   
   inflation and they are tax free too so you   
   don't lose that way either.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)