Tesla stock

Ever wonder if they are short sellers, boost the stock price and sell at the top, it will be great entertainment watching how all this plays out through to the end of the yr, I do feel for the easily lead and those who had no say with their 401K, a price boosted by SiFi talk and not actual company profit figures can only remain high until the bubble bursts ..... and it's not like it's never happen before, eh ......

T1 Terry

 

Sorry to disappoint, but this old man is doing just fine. You don't have to be a hater to make a living or pay for retirement.

 

Big difference between living cheap and wasting money. If you are paying electricity bills rather than generating your own power via solar, you are wasting money. If you by fuel rather than charging your EV from your own solar, you are wasting money. If you have no plans to live on the moon or Mars, or crunch huge numbers as part of your every day life, then why waste money investing in data centres, rockets and moon/Mars colonies.
Better returns to be had making your household self sufficient, no more fuel bills or electricity bills is great way to start.

T1 Terry

 

Brilliant strategeries!

Buy a $25,000 grid-tied solar system to save $100 a month in utilities.....or a $40,000 BEV to save $100 a month in gas!
That's MUCH better than investing it or establishing an emergency fund and zeroing out your debt!

-this is why I take financial advice from people who are politically agnostic.

 

I guess that is to be expected from someone who posted a reply: ""ROI" is a Russian bot answer." While I see some good reasons for doing what he did, personal finance is not among them. Especially for someone with a remaining life expectancy of only a dozen years.

Young aspiring investors should get their financial advice ... somewhere else. Very glad I did.

 

I can make a good use-case for building a grid-tied solar system into a home under construction - but people should be clear-eyed about what they're paying and getting.
If the stock market is over-bought in 2027?
Then most new home purchasers are REEEEAAAALLY overspending on their first homes.
They call them MORTgages for a reason - and a 30-year home loan is in many cases the BEST investment that a young person or family can make!!!
Me?
I'm young enough to buy green bananas, and my intentions are to start dabbling with solar, but I have NO FREEKIN BUSINESS yanking $25000 out of savings to have some professionally (??) installed solar system.

While it's true that it "might" add 25K to my home value, that's like putting $25K into a savings account to raise ITS value by $25k........
Yeah.
I might save $100 a month in electrical costs but I also have to worry about upkeep and maintenance.....not to mention the RFI (an issue for me) and the esthetics (an issue for my CFO.)

Nope!

A BEV is a HARD NO for my CFO, and it doesn't make walking around sense for me.
I would probably go for a PHEV because....2 fuel sources > 1 - but my CFO gets 'next pick' and...........

.........Happy Spouse. Happy House!

 

YOU do YOU pal.

Everybody else is already taken.

 

In that British example, the annual electric bill is 10.6% of the installation cost of the solar+battery system, though he then assumes it will cover only 80% of the bill, or 8.5%. But that still puts his initial raw 'ROI' higher than the 7% he figures for the financial instrument used for comparison. No surprise that his analysis shows the solar to be the better 'investment'.

This also indicates that in his region, electric energy is far more costly than in my area. At the lower electric price in my location, the value of my current annual solar production is about 5.7% of the installation cost 11 & 13 years ago. If I'd put that money into an S&P500 Index fund then, its value would have grown so much (not counting dividend reinvestment) that the my annual production would now be only 1.6% of that. (Income and cap gains taxes and solar incentives greatly complicate the comparison, narrowing the spread, but don't flip it.) Speaking strictly in financial terms, I knew even then that solar was not my best financial choice, but financially I already had 'enough' so was doing it to put my money where my mouth is on climate change.

In the oft-repeated Huntsville example here, a $64,000 capital investment is producing a cost avoidance of $1000/year, for a 'raw ROI' of 1.56%/year. Taxes and incentives again complicate the comparison and reduce the effective spread, but financial analysts in the audience are very unimpressed. At Huntsville's comparatively low electric prices, one needs more reasons than pure financial to justify the investment. Though I do count putting one's money where one's mouth is, as a sufficient reason.

As for increased home value, around here a solar system doesn't seem to increase the property value by the full installation cost, there is some depreciation. And when I plan to sell my home, it will most likely be a "teardown", worth more as a base for up-development than as an SFR (single family residence), so will most likely be scrapped and replaced by a McMansion or a multi-family facility. The last regular SFR in the neighborhood was built well over a decade ago, all new construction since has been McMansions. The edge of the apartment zone is currently only 2 blocks away. An immediate neighbor sale several years ago was won by a family that only barely outbid a developer, while a developer recently won out on a property just a single block away. So all improvements we make are strictly for our own enjoyment, with no expectation of increased resell value.