/biz/ - Business & Finance

>>56448878
Here's the honest to god way to actually get good returns with solar, and i will post a screenshot to prove not a larp.
If you have any kind of rental property, especially one in a hot climate (mine is in the islands) you will have multiple tailwinds for a solar rig + battery. Firstly, the peak generation hours are also the hottest, which means people using air conditioning will be using power during peak generation hours. If you live somewhere with a tiered pricing system, you will pay more for the peak hours which are usually between 8-2pm or something like that.
When the house is not being rented, the system makes it so that the latent power consumption is completely internally generated by the panels and battery. The pool pumps, heaters, fridges... all of that can usually add up to $5-10 per day of use. The price per KWH on the island is very high, so in this case the panels produce a lot of 'income'.

Now where the panels actually produce income is by being providing massive savings (like $25+ a day) when the house is being rented out.
The system can make between $300-400/month, and when you consider the cash flow benefit to the business by not needing to pay that out each month, it's significant.
The total cost of the system upfront was nearly exactly $40,000 USD. 30kwh.

>>56448878
We installed the panels in March, and they've been able to ammortize nearly 10% of the cost of install in that time. With the high season coming for tourism, we could probably see the system double this annual generation, so probably around $6000 for this year.
That's a pretty good return on investment, and i'm fairly confident that since the price of oil is going to go up, the power (and therefore income) will too.

Mining is literally the answer retard, not gonna get much with the small set up, but you can make something for sure. Swap your electric meter with the local church and your really in the green

>>56449040
You cherry picked the fuck out of actually profitable solar installs and ignored OPs post. Good job on the humble brag island fag

>>56449269
If i'm being honest, without some kind of government support or redistribution, solar isn't really the way to go, despite the massive drop in cost over the years it isn't there yet.
Using it the way i do is literally one of the only ways I can rationalize putting up the capital. On top of everything it even provides marketing material (and sincerely too) to people that want to be 'green', despite 65% of the energy they will inevitably use being from the grid of the island which is 100% fossil fuel lol.
It's a humble brag but it's also a really specific way of saying that there isn't a whole lot that makes unsubsidized solar viable outside of doing something like this.
You could have like a food truck or something, or maybe recharging batteries for scooters or some shit i dont know, but it's tough to give OP what he wants here because frankly it's blood from a stone on some level.

>>56449314
Agreed 100%. Props for not stooping to my trolling level.

I work in industry and the electrification has gotten out of hand. I know a couple power companies who are buying warehouses full of copper just to try and hedge on future material costs and ensure guaranteed lead times for raw materials. Electrification has gotten seriously nutty the past couple years. Many pad mount transformers have tripled lead times in a year and even just doing engineered drawings are talking 20 to 40 weeks before even talking lead times after orders.

>>56448878
Growing shrooms is awesome but requires no energy. They literally grow better in the dark without any fans

>>56449234
How do you swap electricity?

>>56448980
I actually managed to make a good 25k of savings that i put into Monday from my 5 year old solar panel installation. It truly is the future, in all senses

>>56448878
Anybody who has to worry about what "the wife" will think is ngmi

>>56449898
why are you posting this cat

>>56448878
Hydroponic setup
Grow Weed/mushroom

>>56448878
mine Kaspa

>>56449981
Hell yes