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101 sats \ 2 replies \ @TheBTCManual 17 Jun \ on: Got Solar? How Much & What For? bitcoin
Oef this is a tough one, so many variables, I went down this rabbit hole a few months ago, when we had 6-8 hour a day black outs and still decided to not pull the trigger, but it doesn't mean it will all apply to you, but here's my experience
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The government here also promoted a 15% saving on your taxes for 2 years if you adopted solar for homeowners
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However prices for the panels and batteries inflated due to the high demand
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As demand rose, lower quality panels and batteries were imported, that also retailed at way higher prices, which a lot of people are finding out now they got shafted as their battery life deteriorated a lot faster than they thought
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You were also going to pay a premium on home insurance (solar panel theft is the fastest growing sector in the country)
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You can buy special brackets for your panels making them harder to steal but they come at an additional cost
While businesses may be able to work around the cost, households are now finding they paying a lot more vs grid power
https://mybroadband.co.za/news/investing/541129-solar-warning-for-south-africa.html
When I ran the math, based on replacing batteries every decade and the known variables, i'd always pay 3-4x the grids power,
- Capex on adding 2 ASICS can bring that down and ofcourse according to my calcs could get me down to 6 years to break even in a best case scenario, hoping nothing breaks down during that time
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Lol yes, sadly that's the realisation I came to, buy some UPS's to cover my electronics and so I can continue to work, and then buying Bitcoin straight up
Maybe it changes if things get really bad here in South Africa, or solar becomes alot cheaper with more scale and innovation.
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