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Solar Isn’t Expensive! I Can Prove It! - Technology Market - Nairaland

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Solar Isn’t Expensive! I Can Prove It! by schmanage: 5:24pm On Mar 25, 2019
There are two very deep misconceptions about the cost of solar that need to be addressed.

1. Solar is expensive compared to running a generator It’s natural for people to feel that solar is expensive due to the traditionally high upfront cost. However, even with Solynta Energy offering a Zero Money Down Plan (no deposit required) this sentiment lingers.

The principal reason is a lack of understanding of the actual costs of running and maintaining a generator versus using a Solar Home System.

A simple illustration of Solar versus Generator is shown here. It’s clear that Solar is the smart choice in both the short term and long term.

Power Source: 500 watt Solar Home System Daily Power Supply: 24-Hours power Monthly Cost: N15,000 repayment fee Monthly Maintenance Fee: None After 36 months: Free Energy Source for 25 + years Other Benefits: No Stress, No Noise, No Fumes Versus Power Source: 0.9KVA Generator Daily Power Supply: 6 hours power Monthly Cost: N21,750 on fuel Monthly Maintenance Fee: N5,000

After 36 months: Perpetual Fuel and Maintenance Bills Other Benefits: None

2. Going Solar on a payment plan is expensive compared to buying outright Imagine, you have 2 options: A. Buy a 1KW Solar Home System outright for N830,000 B. Pay N30,000 for 36 months N1,080,000 It seems obvious that option A is the way to go? After all you save N250,000. Wrong! One hasn’t factored in the critical principal of the Time Value of Money (TVM). In simple terms, the money you have now is much more valuable than that same amount of money in the future, due to the reduced purchasing power of future money as a result of inflation.

Why are we passionate about getting this information out? Why should you care? In the long run, it doesn’t just come down to saving money, ROI, or payback. In the long run, you should be doing this for peace of mind and a better, more productive lifestyle for you and your family. Solar is more than a nice idea. It’s switching to a brighter life. Check it out for yourself!

Call: 07030413138

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