Has anyone done any calcs on spending $ for expenditure reducing reasons.
Example: spend $20k on a full solar system (with batteries) and come of the grid.
If we believe the marketing bunkum (?) then savings of about $2/3k per year, which is a good 10/15% tax free return.
However for someone on a part age pension being impacted by deeming rules $20k @ 4% = $800, would yield an additional $400 PA in age pension.
This additional age pension amount over say 20 years would be $8k (at current values), giving a total return or between $28k and $38k. More than enough to replace the system. If the current process of grid power increasing in price by 10/15% pa continues then the pay back would be much more. At the same time the cost of solar is reducing.
May not be viable for many, but for those who are just outside of getting and Age Pension it may be very viable, especially with the other benefits attached to receiving a part pension.
I'm sure there are many other examples, and solar power is just the first one that came to mind.
