Quote:
Originally Posted by Mayo
When you guys say 20 years to pay out - is that considering a discount rate?
In other words - if you spend an additional $20k on a solar roof are you literally saving $20k in 20 years and thus should have just invested that money and turned it into $100k
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Likely no. It's probably more like a simple calculation of something like:
$10,000 / $40 savings/month = 250 months = 20 ish years.
You can do a more accurate calculation with discount rates etc. but you'll just come to a similar conclusion, it's not worth it yet (especially in Alberta where electricity is damn cheap).
Quote:
Originally Posted by mrkajz44
I'm mostly interested in the 500% gains you are finding elsewhere by "investing" over 20 years.
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Canadian banks. Boring as hell incremental increase. 20 years later though, it's way better than a typical mutual fund, savings account, GIC etc. in returns IMO.
RY for instance went from around $10 to $80 today. That's also not taking into account the dividend it pays (and if you had reinvested it).