ShineHub Solar Brokerage Plan (Energy Plan, Subsidised Solar System, 20 Year Contract) [Interest Sign-up Stage] @ ShineHub

Detective Pikachu on 19/04/2018 - 07:17
Last edited 19/04/2018 - 09:36 by 1 other user

Moved to Forum: Original Link

Negatives (Will Update as Necessary):

  • 20 year contract
  • Still need grid when not enough electricity generated.
  • Technically renting your roof space.
  • Initial release is only available for the first 1,000 orders.
  • Don't own the system till after the contract.
  • Solar technology and pricing expected to change fairly regularly. Credit: meatsnorkel

Register Interest Here
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Here’s how it works:

  • A solar panel and battery system is installed at your home for free.
  • Solar energy powers your home day and night.
  • You pay for the solar power at a low fixed rate.
  • If the solar panels don't produce power, you pay nothing.
  • All maintenance, equipment replacement, and insurance is included at no extra charge.

Here’s what you could be saving:

NSW:

Highest electricity rate currently: $0.39/kWh

Average electricity rate currently: $0.24/kWh

‘Free System Solar’ starting rate: $0.18/kWh

Typical savings: 15% to 35%

VIC:

Highest electricity rate currently: $0.34/kWh

Average electricity rate currently: $0.21/kWh

‘Free System Solar’ starting rate: $0.18/kWh

Typical savings: 14% to 30%

SA:

Highest electricity rate currently: $0.47/kWh

Average electricity rate currently: $0.35/kWh

‘Free System Solar’ starting rate: $0.18/kWh

Typical savings: 25% to 50%

QLD:

Highest electricity rate currently: $0.35/kWh

Average electricity rate currently: $0.22/kWh

‘Free System Solar’ starting rate: $0.18/kWh

Typical savings: 18% to 30%

WA:

Highest electricity rate currently: $0.26/kWh

Average electricity rate currently: $0.26/kWh

‘Free System Solar’ starting rate: $0.18/kWh

Typical savings: 20% to 30%

What happens at the end of the agreement?

You just pay $1 and the system is yours free and clear. One way to think about the Free System Solar plan is that it’s like paying your electricity bill – except it’s cheaper, the price never changes, and at the end, you pay $1 and own the entire system outright.

What happens if I move?

If you move, you can either transfer the agreement to the new homeowner or buyout the system and include it in the price of your house. It’s similar to other home improvements like adding a pool or air con – you get the benefit while you live there, and it adds value to your home if you’re looking to sell.

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Comments

  • azvc on 19/04/2018 - 07:25
    +1

    What if you need to move somewhere else?

    Edit: answer updated by OP

    • Detective Pikachu on 19/04/2018 - 07:29

      Thanks for pointing out the importance of the consideration with regards to moving. :)

  • 1101011100010101 on 19/04/2018 - 07:47
    +4

    This is a cool idea but solar and storage is likely to become cheaper as time progresses.

    3-5 years into you contract you could potentially find yourself with well over a decade of contract time remaining for an outdated and/or underpowered system that may only be ~$5ish grand to replace.

    My first consideration would be upgrading to energy efficient appliances before jumping on a solar mortgage.

    • Detective Pikachu on 19/04/2018 - 07:50
      +1

      Thanks for pointing that out, added to post with credit.

    • DeepDreamer on 19/04/2018 - 08:28

      I guess the solution here is, just don't use it. If you only pay for what you use, then as soon as it's cheaper for you to get your electricity from somewhere else, you are free to do so.

      This might pressure ShineHub to renegotiate a contract with you for a better rate compared with what the market in the future can provide.

      Edit: or not. "Customers pay for it by agreeing to a 20-year contract to buy the electricity produced by the system" here. So I guess you are obliged to get your electricity first from them, and then from other sources

  • IXXI on 19/04/2018 - 08:03

    What size is the installed system, and if I use more energy than generated what rate is applied to that power?

    • Detective Pikachu on 19/04/2018 - 08:05
      +1

      Not sure about the first question. For the second, I believe you would still need to be connected to the grid, in that case it would be your grid provider's rates.

      Update: According to this article:

      ShineHub says the cost of an average system they are offering is $15,000, a significant upfront cost for consumers.

      • ESEMCE on 19/04/2018 - 08:28
        +1

        $15,000 before all the rebates maybe.

      • IXXI on 19/04/2018 - 08:29

        Thanks Detective Pikachu,
        By size I was referring to size solar system and size of batteries i.e. 5kW system with 10kWH battery or similar. Good to know the overall system value though, thanks.

  • [Deactivated] on 19/04/2018 - 08:39
    +2

    VIC:
    Average electricity rate currently: $0.21/kWh
    ‘Free System Solar’ starting rate: $0.18/kWh

    My rate is $17.6/kWh for from Tango/PacHydro

    • noob999 on 19/04/2018 - 09:08

      My rate is $17.6/kWh for from Tango/PacHydro

      WoW

      • poboy on 19/04/2018 - 10:36

        Yeah. Tango also checking in. I spoke to someone from Adelaide last week who was paying 50c kWh. He fell off his chair when I said I paid about 18c kWh. So currently, the payback for a solar system isn't really there.

  • Vortex99 on 19/04/2018 - 08:40
    +1

    you just pay for the electricity it produces at a low fixed rate.

    This wording worries me. I'm not paying for what I'm using, I'm paying for what I produce. Hello expensive summer bills? I also read that you need to pay Supply Charge to your current provider, so it can export.

  • tunzafun001 on 19/04/2018 - 09:13

    I'm going to be away 3 weeks. Back for a few days, then repeat. Near middle Oz (so always sunny). Worth getting something like this for feed in?

  • rewstar on 19/04/2018 - 09:15

    You only pay for what the system generates. What happens if you turn the system off for 20 years? Or plant some large trees to shade the panels?

    • Detective Pikachu on 19/04/2018 - 09:17

      If you use excess from what you generate, then you'll need to pay your Grid provider instead of ShineHub. Unless, of course you decide to go off-grid.

      • rewstar on 19/04/2018 - 09:21
        +2

        Yes, I know that. But if u cover the panels so they don't generate anything. You wont need to pay Shine Hub anything. Resulting in free solar panels and battery after 20years.
        Long time to wait though…

  • Maverick-au on 19/04/2018 - 09:27
    +2

    There are a whole heap of issues with these systems.

    • if your roof requires replacement or repair you have to pay them to remove and reinstate the system.
    • these affect resale
    • these can affect the ability to get a mortgage
    • what if they go broke, do you still have to pay?
    • how long do they take to repair faulty systems?
    • do you still pay when the system is out of service?
    • many unknown costs in the future
    • and many more.

    Far better to borrow the money if you have to and install your own system for a fraction of the cost.

  • fishandchips on 19/04/2018 - 09:27

    But if you still need to pay supply charge no point of getting this contract, when you offset your solar power and grid supply, it is less than ‘Free System Solar’ starting rate: $0.18/kWh in WA.

    And the complication is 20 years contract……

  • cauilfield on 19/04/2018 - 11:08

    What happens if you go on a vacation. Mind , you are paying for the production, not the consumption.

  • Quantumcat on 19/04/2018 - 12:59

    Don't batteries with today's technology barely last long enough to pay for themselves? Will ShineHub replace the battery when it reaches EOL?

    • Maverick-au on 19/04/2018 - 14:43

      Don't batteries with today's technology barely last long enough to pay for themselves?

      Is this a question or a statement or both?

      Will ShineHub replace the battery when it reaches EOL?

      Isn't this clear from their post?

      "All maintenance, equipment replacement, and insurance is included at no extra charge."

      • Quantumcat on 19/04/2018 - 19:29

        Fair enough - hopefully the battery will break just before the end of the contract

  • eman resu on 19/04/2018 - 16:19
    +1

    I booked an appointment with them. The earliest date I could get is 8 May.

    One of the questions I want to get an answer for is who gets the money when electricity fed back to the grid? It seems to me that even if you dont use the system (i.e. being overseas on holiday) they can make money by selling unused energy back to the grid.

    Also if the price get's locked in for the next 20 years, what happens when you need to upgrade the system for more energy production? If they are installing a 5KW system, who pays costs to upgrade to 8KW when I need more energy.

    Also the battery. Is it a good one, or some cheapie from China that is not going to store enough power for my use.

    Finally, what happens if this company goes belly up? Does the liquidator get to remove and sell the system or can I expect the system to become mine?

  • WreckTangle on 19/04/2018 - 20:58

    20 years? You’ve got to be joking!?

  • lisakelly68 on 20/11/2018 - 23:57

    We got 5.9kw system with hello solar in March. We paid $13k to get an electric ducted heating/cooling system so solar panels would reduce costs. Turns out Hello solar gave us false promises, false information, false hopes, false data, improper assessment, incorrect judgement, cheapest crapiest panels that exist. We took them to VCAT after 2 experts told us we d been scammed but hello solar want to scam us out of more money now. They think they can hide behind a company name & bully the little guys? Well public reviews will be honest and they will be everywhere for all to see. I have the evidence and I will tell the truth so no one has to endure what hello solar have put us through. Run the other way and get a recognised and trusted operator. Remote assessments are totally inaccurate. Panels are the worst on the market. They lied and are promising results from other states …I could go on and on … avoid hello solar at all costs.

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