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Networkn
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#2654598 11-Feb-2021 12:56

You are the exception rather than the rule. Most people will want reasonable payback on an investment. I'd suggest the capital investment you have made, will never be realized, as only someone as invested as you, would pay extra. I believe it may make your property sell faster but not necessarily for more.

It's great you are happy with your purchase though.

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boosacnoodle

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#2654601 11-Feb-2021 12:57

gchiu:

What I think is inequitable is that we buy electrical units at 30c but if we return them, we only get a 8c credit.

What should at least happen is that we should be able to buy back any energy we exported to the grid at the price we got paid for it. In other words, instead of being paid a higher credit as used to happen for exported units, we should be able to buy back what we sold to the retailer at the same price. What other retail business is allowed to buy back something unused at 30% of what they sold it??

Then that means our excess summer production becomes available to us over the winter.

Kind of fake news. That's up to the retailer you deal with. With Flick you sell back at the wholesale price (instead of flat 8c unit) and have the choice of buying at fixed or floating rates.

The retailer keeps very little of the 30c - most of it goes to the local and national lines companies - so it's a disingenuous comparison.

gchiu

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#2654606 11-Feb-2021 13:10

networkn:

You are the exception rather than the rule. Most people will want reasonable payback on an investment.

When the money is borrowed the investment equation changes as it's all other people's money. If anything the rise in capital gains is going to make the investment insignificant.

gchiu

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#2654610 11-Feb-2021 13:13

boosacnoodle: With Flick you sell back at the wholesale price (instead of flat 8c unit) and have the choice of buying at fixed or floating rates.

The retailer keeps very little of the 30c - most of it goes to the local and national lines companies - so it's a disingenuous comparison.

Things must have changed. I was originally with Flick but when I told them I was going to install solar they said they didn't buy back the power produced. And had no way of h helping me to install 3 phase power. So, I moved to a different supplier. But as far as I know the wholesale price is close to 8c/kWh.

gchiu

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#2654611 11-Feb-2021 13:21

I think we need to change the way we buy and sell power. Right now we have to sell back to the retailer. Electrons are electrons no matter how they are produced. I'd like to sell to my neighbour my excess production so they can purchase at 8c/kWh from me. At present I think only Ourenergy is doing this somehow .. I guess they become your retailer and offer your production to another customer at the reduced rate.

tdgeek

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#2654654 11-Feb-2021 14:11

gchiu:

I think we need to change the way we buy and sell power. Right now we have to sell back to the retailer. Electrons are electrons no matter how they are produced. I'd like to sell to my neighbour my excess production so they can purchase at 8c/kWh from me. At present I think only Ourenergy is doing this somehow .. I guess they become your retailer and offer your production to another customer at the reduced rate.

That would make you a business.

But yes, it could work if you sold your power at a higher rate. Lets say the sell rate is 30c, you sell your excess to the other person for 25c so they get a saving, retailers takes a cut (as they have to manage the billing) , you get whats left and thats more than 8c

Better credit helps solar takeup, retailer unaffected if there was a solar boom

baileym1

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#2654685 11-Feb-2021 15:37

https://www.trustpower.co.nz/for-your-home/solar-buddies-faqs

Trustpower does the solar buddies program where you can sell to a friend of neighbor at a price that you both agree upon - however only up to 50 kWh a month

You can have multiple buddies though

I am getting solar installed on the 23rd and have a 2 year deal with Trustpower to buy back at 16 kWH up to a maximum of 500 units per month

gchiu

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#2654765 11-Feb-2021 16:54

baileym1: https://www.trustpower.co.nz/for-your-home/solar-buddies-faqs Trustpower does the solar buddies program where you can sell to a friend of neighbor at a price that you both agree upon - however only up to 50 kWh a month

Ah, I recall that now. But 50 kWh seemed to be quite a small amount. Other retailers should do this as well as I am already fixed in with my current retailer for 2 years, and trustpower need you and your buddy to be both trustpower customers.

baileym1: I am getting solar installed on the 23rd and have a 2 year deal with Trustpower to buy back at 16 kWH up to a maximum of 500 units per month

Lost me there.

baileym1

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#2654788 11-Feb-2021 16:56

Sorry badly worded - buy back excess at 16 cents kWH for up to 500 kWh a month

gchiu

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#2654792 11-Feb-2021 17:06

Interesting. Is trustpower the only retailer that allows you to buy back your exported units this way?

And it's not as though those electrons have flowed back to Trustpower either .. they're just instantaneously used by others.

gchiu

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#2657704 16-Feb-2021 17:47

https://nz.news.yahoo.com/power-ledger-blockchain-p2p-energy-050601583.html

The Power Ledger trial suggested that if you have the ability to trade your excess power, you could potentially pay for the 13kWh battery in 6 years.

In households that had 10 and 15 kWh batteries, and where there was a VPP in place, payback times for batteries would
be less than 6 years. Participants said they were 3 times more likely to buy a battery if they could participate in a VPP.

Handle9

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#2657718 16-Feb-2021 17:58

gchiu:

networkn:

You are the exception rather than the rule. Most people will want reasonable payback on an investment.

When the money is borrowed the investment equation changes as it's all other people's money. If anything the rise in capital gains is going to make the investment insignificant.

Borrowed money just makes the ROI worse. You have to pay back borrowed money.

gchiu

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#2657740 16-Feb-2021 18:40

The house feeding frenzy is because people are leveraging other people's money at tiny interest rates.

Jase2985

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#2658008 17-Feb-2021 08:27

gchiu:

The house feeding frenzy is because people are leveraging other people's money at tiny interest rates.

yes but they are able to realize gains on that leveraged money above what they would have to pay back

gchiu

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#2658910 18-Feb-2021 11:46

Handle9:

Borrowed money just makes the ROI worse. You have to pay back borrowed money.

At an interest rate of 2.5% or close to this isn't going to affect the ROI negatively much.

And you're still going to effectively end up with free solar panels.

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